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    The Largest CRE Database in the US with Over 1 Million Listings

    2123 NE 36TH DR Lincoln City, OR 97367

    View on Map
    New
    For Sale
    $900,000

    COMMERCIAL - Lincoln City, OR

    Property size:
    7,562 SF
    Lot size:
    0.48 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 9 at 12:06 am

    Property Features for 2123 NE 36TH DR

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    GC - General Commercial
    Bathrooms
    4
    Rooms
    Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 1
    Parking
    8
    Parking features
    Open
    Window features
    Blinds, Double Pane Windows
    Fireplace
    1
    Appliances
    Dishwasher, Microwave, Gas Range, Water Heater, Washer, Dryer, Refrigerator
    Standard status
    Active
    APN
    071102CB-500-00
    Size
    7,562 SF
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    8667

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2004
    Floors in Building
    2
    Flooring type
    Laminate, Vinyl, Carpet
    Building materials
    Lap Siding
    Roof type
    Composition
    Additional Structures
    Greenhouse

    We can help!

    Listing Contact
    Dennis M Regen
    Dennis M Regen

    Listing agent Dennis M Regen License #810604051

    Listing office Taylor & Taylor Realty Company 3891 NW Hwy 101, Lincoln City, OR

    Listing date Apr 8, 2026

    MLS# 26-891

    Copyright © 2026 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lincoln City Commercial Opportunity

    This commercial property in Northeast Lincoln City offers a total of 7,562 square feet of improved space on a 0.48-acre lot. Zoned General Commercial, the property includes a 1,456-square-foot home featuring three bedrooms and two bathrooms, situated above a three-car garage and office. The third bedroom is currently utilized as an office space. Additionally, there is an approximately six-car garage with an office/storage area of approximately 2,650 square feet, along with a separate building that houses an additional three-car garage and office space, totaling approximately 2,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln City
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.006234
    Latitude
    44.99278

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    FAQs

    What type of property is this?
    Mixed-use property - 7,562 SF improved property on 0.48 acres, General Commercial zoning.
    Where is this mixed-use property located?
    The property is located at 2123 NE 36TH DR Lincoln City, OR.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 7.562 sq ft of improved commercial space on .48 acres zoned General Commercial; Includes a 1456 sq ft 3‑bedroom, 2 bath home; **Multiple garage spaces**: a three‑car attached to the house, an additional approximately 6‑car garage, and a separate 3‑car garage
    (541) 994-4169
    We can help!
    Listing Contact
    Dennis M Regen
    Dennis M Regen
    Real Estate License ID: 810604051
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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