Corner Retail-Residential
4787 SW Highway 101 Lincoln City, OR 97367
4787 SW Highway 101, Lincoln City, OR, 97367
$895,000
For Sale
$895,000
COMMERCIAL - Lincoln City, OR
Property Size6,346 SF
Lot Size0.26 Acres
Price / SF$141.03
Days on Market881
Property Features for 4787 SW Highway 101
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- TVC - Taft Village Core
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking features
- Garage - Attached
- Appliances
- Dishwasher, Water Heater, Refrigerator
- Standard status
- Active
- APN
- 071127DC-5400-00
- Size
- 6,346 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 7991
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 2
- Roof type
- Metal
Listing Agency
Taylor & Taylor Realty Company
(800) 462-0197
3891 NW Hwy 101, Lincoln City, OR
Listed by
Tamara L. Zimmerman · License #961000002
(541) 921-0220
Added: Feb 17, 2024 Checked: Jul 17 at 9:06 am
MLS# LC-100064
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.
Investment Insights
Based on property information with market context.
This commercial building is situated in the heart of the Historic Taft District on a corner lot along Highway 101. The property includes an apartment and a garage, offering a mixed residential and commercial configuration.
The building benefits from its Highway 101 frontage and corner positioning, supporting strong day-to-day visibility.
With its combined apartment and garage improvements, the property presents multiple use possibilities, subject to buyer due diligence.
The building benefits from its Highway 101 frontage and corner positioning, supporting strong day-to-day visibility.
With its combined apartment and garage improvements, the property presents multiple use possibilities, subject to buyer due diligence.
Key Highlights
- Corner lot on Hwy 101 in the Historic Taft District
- Commercial building includes an apartment and a garage
- Metal roof and attached garage parking
Local Financial Insights For Apartment 5plus
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 | $102.8k | $16.20 |
| − Vacancy | −$3.8k | −$0.60 |
| EGI | $99.0k | $15.60 |
| − OpEx | −$44.6k | −$7.02 |
| NOI | $54.5k | $8.58 |
6,346 SF · lease $16.20/SF/yr · vacancy 3.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$777.9K
$680.6K – $907.5K
NOI $54,451 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,867 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
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FAQs
What type of property is this?
Residential income property - Corner-lot commercial building on Highway 101 includes an apartment and a garage in the Historic Taft District.
Where is this residential income property located?
The property is located at 4787 SW Highway 101 Lincoln City, OR.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Corner lot on Hwy 101 in the Historic Taft District; Commercial building includes an apartment and a garage; Metal roof and attached garage parking
