Mixed-Use Property with
For Sale
$895,000
4787 SW Highway 101, Lincoln City, OR 97367
Commercial Sale, Lincoln City, OR
Property Size6,346 SF
Lot Size0.26 Acres
Price / SF$141.03
Days on Market930
Property Features for 4787 SW Highway 101
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
TVC - Taft Village Core
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Garage - Attached
Appliances
Dishwasher, Water Heater, Refrigerator
Subdivision
Taft
Lot features
Level
Directions
Hwy 101 to Taft to address
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
Listed By:
Tamara L. Zimmerman · License #961000002
(541) 921-0220
Added: Feb 17, 2024
Changed: Aug 20
Last Checked: Sep 4 at 3:06PM
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 mixed-use property contains a 6,346-square-foot commercial building on a 0.26-acre corner lot. The improvements include an apartment, an attached garage, two bathrooms, a metal roof, electric heating, and appliances including a dishwasher, water heater, and refrigerator. The building was constructed in 1955.
Positioned on Highway 101 within Lincoln City's Historic Taft District, the property carries TVC - Taft Village Core zoning. Public water and public sewer serve the site. Buyers should conduct their own due diligence regarding potential uses.
Positioned on Highway 101 within Lincoln City's Historic Taft District, the property carries TVC - Taft Village Core zoning. Public water and public sewer serve the site. Buyers should conduct their own due diligence regarding potential uses.
Key Highlights
- 6,346‑square‑foot mixed‑use commercial building
- 0.26‑acre corner lot on Highway 101
- TVC - Taft Village Core zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,161
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,163,220
$1.2M
Cap Rate 7%
$830,871
$830.9K
Cap Rate 9%
$646,233
$646.2K
Market Conditions
NOI Build-Up for 6,346 SF
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.
Gross rent
$99.0K $15.60/SF
− Vacancy
−$5.9K −$0.94/SF
EGI
$93.1K $14.66/SF
− OpEx
−$34.9K −$5.50/SF
NOI
$58.2K $9.17/SF
Area
Lincoln County, OR
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,163,220
Cap Rate 7%
$830,871
Cap Rate 9%
$646,233
Alternative Uses
Best Use
Mixed Use
$830.9K
$727.0K – $969.4K
NOI $58,161 @ 7.0% cap · market cap 6.50%
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
Explore this area
Business Placement
Demographics for 97367, OR
11,095
Population
8,138
Households
1.4
Avg Household Size
53
Median Age
29%
College-Educated
91%
High-School Grad
45.7 sq mi
ZIP Area
243
Density / Sq Mi
$58,845
Median Household Income
$37,370
Median Earnings
$1,333
Median Rent
$388,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner-lot commercial building with an apartment, attached garage, and public utilities.
Where is this mixed-use 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: 6,346‑square‑foot mixed‑use commercial building; 0.26‑acre corner lot on Highway 101; TVC - Taft Village Core zoning
