Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    TL7900 NE Oar Dr Lincoln City, OR 97367

    View on Map
    Sponsored
    Picture of Land at NE Oar Dr TL7900, Lincoln City, OR
    For Sale
    $215,000

    LAND - Lincoln City, OR

    Lot size:
    0.18 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 30 at 8:06 am

    Property Features for TL7900 NE Oar Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R-1-RE Residential (Roads
    APN
    R437292
    Lot size
    0.18 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Michelle Barnes

    Taylor and Taylor Realty Co.

    Listing agent Michelle Barnes License #201213169

    Listing date Mar 26, 2026

    MLS# LC-104434

    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.

    Learn more

    Property Insight Report

    Overview

    Ocean View Land, Lincoln City

    This land lot in Lincoln City, Oregon, offers inspiring ocean views and presents possibilities for building a dream coastal retreat. The cleared lot has utilities at the street. It is zoned R-1-RE Residential (Roads. The 0.18-acre lot is ready to build. The property is located on NE Oar Drive. Buyer to do due diligence regarding short term rental application.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln City
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.005612
    Latitude
    45.0097

    Nearby Similar for Sale

    • New
      $849,900
      2,524 SF

      Remodeled Commercial Building on Highway 101

      Remodeled commercial building with indoor/outdoor seating and parking.
      1330 Highway 101 NE, Lincoln City, OR 97367
      View Details
    • New
      $895,000
      6,346 SF

      Commercial Building in Taft District

      Commercial building on a corner lot with high visibility.
      4787 Highway 101 SW, Lincoln City, OR 97367
      View Details
    • New
      $698,000
      1,628 SF

      Remodeled Commercial Building on Highway

      Remodeled commercial building with highway frontage in downtown Lincoln City.
      1316 Highway 101 NE, Lincoln City, OR 97367
      View Details
    • New
      $825,000
      336 SF

      Highway Frontage Commercial Property

      Commercial property with highway frontage in Lincoln City, Oregon.
      3632 Highway 101 NE, Lincoln City, OR 97367
      View Details
    • New
      $1,800,000
      12,300 SF

      Highway Frontage Commercial Building

      12,300 SF commercial building on Highway 101 frontage.
      1745 Highway 101 SW, Lincoln City, OR 97367
      View Details
    • New
      $575,000
      Pending

      Devils Lake Frontage Opportunity

      Lincoln City property with lake frontage and commercial zoning.
      4006 W Devils Lake Rd, Lincoln City, OR 97367
      View Details
    • New
      $1,200,000
      2,400 SF

      Highway Frontage Dispensary Business Opportunity

      Established dispensary business with highway frontage and consistent customer traffic.
      1745 Highway 101 SW, Lincoln City, OR 97367
      View Details
    • New
      $1,899,000
      21,020 SF

      Highway Frontage Commercial Property

      Prime commercial property with highway frontage and versatile building space.
      6305 Highway 101 SW, Lincoln City, OR 97367
      View Details
    • New
      $1,199,900
      3,604 SF

      Luxury Coastal Living Duplex

      New construction duplex in Lincoln City, close to amenities.
      331 SE Jetty Ave, Lincoln City, OR 97367
      View Details
    • New
      $1,170,000
      Pending

      Devils Lake Frontage Opportunity

      Prime commercial property with lake frontage in Lincoln City, Oregon.
      4006-4040 W Devils Lake Rd, Lincoln City, OR 97367
      View Details
    • New
      $2,239,900
      6,713 SF

      New Construction Multifamily Ocean View

      New six-unit multifamily property with ocean views in Lincoln City.
      305 SE Jetty Ave, Lincoln City, OR 97367
      View Details
    • New
      $699,000
      1,980 SF

      Ocean View Duplex in Lincoln

      Income property duplex with ocean views and beach access.
      5218 NW Jetty Ave, Lincoln City, OR 97367
      View Details

    FAQs

    What type of property is this?
    Land - Land with ocean views, ready to build your dream home.
    Where is this land located?
    The property is located at TL7900 NE Oar Dr Lincoln City, OR.
    What is the asking price?
    The asking price for this property is $215,000.
    What are key features of this property?
    This property features: - Ocean Views; - Flat, Cleared Land Ready to Build; - Utilities at the Street (Water Available)
    (541) 994-9111
    Request Owner's contact information
    TL7900 NE Oar Dr Lincoln City, OR 97367
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    TL7900 NE Oar Dr
    Lincoln City, OR 97367
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    TL7900 NE Oar Dr Lincoln City, OR 97367
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Michelle Barnes
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!