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    3527 Highway 101 N Gearhart, OR 97138

    For Sale
    $1,580,000

    Retail property anchored by Sherwin-Williams with upside potential.

    Property size:
    8,175 SF
    Lot size:
    0.87 Acres

    Property Features for 3527 Highway 101 N

    General Information

    Size
    8,175 SF
    Lot size
    0.87 Acres

    Source: Northmarq | Lake Oswego Agent Scott Frank

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Property with Sherwin-Williams

    This retail property is anchored by Sherwin-Williams, which occupies 61% of the gross leasable area (GLA). Sherwin-Williams has been a tenant at this location for 21 years and recently executed a 5-year extension. The property benefits from increased retail synergy due to its adjacency to a Dollar General with shared access. The average household income within a one-mile radius of the property is over $127,000. The property has frontage on Highway 101, the coast’s main connecting highway, and is exposed to over 16,000 vehicles per day. The surrounding area has a historically stable economy with $587 million in travel spending in 2022. The property offers an opportunity for upside due to low average base rents.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Gearhart
    County
    Clatsop
    State
    Oregon
    Longitude
    -123.910695
    Latitude
    46.025783

    Nearby Similar for Sale

    • $750,000
      3,308 SF

      Gearhart Duplex Near Highway 101

      Two-story duplex near downtown and the beach in Gearhart, Oregon.
      3387/3389 Highway 101 N, Gearhart, OR 97138
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    • $1,589,000
      8,020 SF

      Gearhart Commercial Property on Highway

      Retail and office property with high visibility on Highway 101.
      3470 Highway 101, Gearhart, OR 97138
      View Details
    • $2,600,000
      15,939 SF

      Gearhart Hwy 101 Motel Investment

      Beachfront Motel, 25 Units, 5.49 Acres
      4253 Highway 101, Gearhart, OR 97138
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail property anchored by Sherwin-Williams with upside potential.
    Where is this strip mall located?
    The property is located at 3527 Highway 101 N Gearhart, OR.
    What is the asking price?
    The asking price for this property is $1,580,000.
    What are key features of this property?
    This property features: - Sherwin-Williams occupies 61% of the GLA with a 21-year tenure and a recently executed 5-year extension.; - Sherwin-Williams is an investment-grade credit tenant.; - Limited area competition; the nearest Sherwin-Williams is 65+ miles away.
    (503) 952-0700
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    3527 Highway 101 N Gearhart, OR 97138
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    Realmo Value Estimation

    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.

    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.

    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
    3527 Highway 101 N Gearhart, OR 97138
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