Office Building with Open
For Sale
$395,000
120 NW Highway 101, Waldport, OR 97394
Commercial Sale, Waldport, OR
Property Size1,332 SF
Lot Size0.04 Acres
Price / SF$296.55
Days on Market140
Property Features for 120 NW Highway 101
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M-P Planned Marine and Re
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
4
Accessibility
Accessible Approach with Ramp
Appliances
Microwave, Water Heater, Refrigerator, Microwave, Water Heater, Refrigerator
Directions
One block south of the Waldport Light on HWY 101. West side of street next door to Hi-School Pharmacy and China Restaurant. Bldg on corner.
Standard status
Active
APN
131119BD-4400-00
Size
1,332 SF
Lot size
0.04 Acres
Additional Details
Tenant in Place
Yes
Property Use
Office
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3039
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
reception/lobby area
ADA-compliant restroom
kitchenette
two separate entrances
Building Details
Year built
2015
Floors in Building
2
Flooring type
Vinyl, Carpet
Building materials
HardiPlank Type, Shake Siding, Cedar
Roof type
Composition
Buildings
1
Listing Agency:
Coldwell Banker Professional Group - Lincoln City · Coldwell Banker Real Estate
(541) 994-7760
Listed By:
Hannah Katz · License #201231711
(541) 418-3101
Added: Jun 12
Changed: Oct 28
Last Checked: Oct 29 at 4:06PM
MLS# 26-1633
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.
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Investment Insights
Based on property information with market context.
This 1,332-square-foot office property has three private offices and a reception and lobby area on the main level. The upper floor provides open work area, a kitchenette, and a second restroom. The building was constructed in 2015 and has two separate entrances, an accessible approach ramp, and four paved parking spaces on a 0.04-acre lot.
The property fronts Highway 101 in downtown Waldport, one block from Alsea Bay. Public water and sewer serve the site. The sale includes the building only; the operating business is excluded.
The property fronts Highway 101 in downtown Waldport, one block from Alsea Bay. Public water and sewer serve the site. The sale includes the building only; the operating business is excluded.
Key Highlights
- 1,332‑square‑foot office building on a 0.04‑acre lot
- Three private offices, reception and lobby area, plus upper‑level open workspace
- Kitchenette and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,492
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,840
$409.8K
Cap Rate 7%
$292,743
$292.7K
Cap Rate 9%
$227,689
$227.7K
Market Conditions
NOI Build-Up for 1,332 SF
Gross rent
$35.5K $26.64/SF
− Vacancy
−$8.2K −$6.13/SF
EGI
$27.3K $20.51/SF
− OpEx
−$6.8K −$5.13/SF
NOI
$20.5K $15.38/SF
Area
Lincoln County, OR
Vacancy
23.00%
Lease Rate
$26.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$409,840
Cap Rate 7%
$292,743
Cap Rate 9%
$227,689
Alternative Uses
Best Use
Office B
$292.7K
$256.2K – $341.5K
NOI $20,492 @ 7.0% cap · market cap 5.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.4K
$304.0K – $405.3K
NOI $24,320 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Explore this area
Business Placement
Demographics for 97394, OR
5,361
Population
3,686
Households
1.5
Avg Household Size
59
Median Age
28%
College-Educated
95%
High-School Grad
51.7 sq mi
ZIP Area
104
Density / Sq Mi
$57,708
Median Household Income
$31,690
Median Earnings
$1,104
Median Rent
$354,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Three private offices, a reception area, and two restrooms support a multi-room professional office layout.
Where is this office unit located?
The property is located at 120 NW Highway 101 Waldport, OR.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1,332‑square‑foot office building on a 0.04‑acre lot; Three private offices, reception and lobby area, plus upper‑level open workspace; Kitchenette and two restrooms
