220 NW Spring Street, Waldport, OR 97394
COMMERCIAL - Waldport, OR
- Added:
- Mar 16, 2026
- Days on Market:
- 104
- Last Refresh:
- Jun 27 at 5:06 pm
Property Features for 220 NW Spring Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- D-D Downtown District (Wa
- Bathrooms
- 5
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
- Parking
- 14
- Parking features
- Off Street
- Window features
- Vinyl Frames, Double Pane Windows
- Fencing
- Privacy, Chain Link
- Appliances
- Microwave, Electric Oven, Electric Range, Water Heater, Washer, Dryer, Refrigerator
- Standard status
- Active
- APN
- 13-11-19-AC-1700
- Size
- 3,116 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4350
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Cooling system
- Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2003
- Floors in Building
- 2
- Flooring type
- Vinyl
- Building materials
- Shake Siding, Cedar, Shingle Siding
- Roof type
- Composition
Listing agent Pam Mugleston License #940600295 (541) 270-7998
Listing office Emerald Coast Realty - Seal Rock 10521 NW COAST HWY, Waldport, OR (541) 283-3589
Listing date Mar 16, 2026
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.
HighLights
- 3 residential units plus 2 commercial office spaces (total 5 units) in one building
- Expansion opportunity: zoning allows adding up to 4 more residential units
- Laundry room for tenant convenience and a garage for storage or workshop use
- Built in 2003 with composition shingle roof and vinyl flooring
- Utilities include public water and public sewer; electric heating and ceiling fans
- Off‑street parking and privacy/chain‑link fencing
Overview
Located within the city limits of Waldport, the property sits on a lot of 0.23 acres. Public remarks indicate it is close to the beach and shopping. The listing also states the property is zoned for expansion, allowing additional residential development of up to four more units.
For buyers seeking a live/work setup or an operator looking to manage both housing and office space, this configuration offers multiple income-producing components in a single ownership. Owner-occupants may value the option to run a small office or use one of the office spaces while residing in the building. Investors may also look to the stated expansion potential for adding residential units in accordance with the zoning described in the listing.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.0k | $26.64 |
| − Vacancy | −$19.1k | −$6.13 |
| EGI | $63.9k | $20.51 |
| − OpEx | −$16.0k | −$5.13 |
| NOI | $47.9k | $15.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Waldport
- County
- Lincoln
- State
- Oregon
- Longitude
- -124.063349
- Latitude
- 44.427956
