Ocean-Side Office-Retail
531 N Highway 101 Depoe Bay, OR 97341
531 N Highway 101, Depoe Bay, OR, 97341
$3,000,000
For Sale
$3,000,000
For sale mixed office and retail building along Oregon’s coastal corridor in a heavily traveled tourist destination.
Property Size11,240 SF
Price / SF$266.90
Days on Market1875
Property Features for 531 N Highway 101
General Information
- Standard status
- Active
- Size
- 11,240 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1978
Listing agency
Zenith Realty,LLC
Listed by
Priscilla Beggs
(877) 319-7625
Source
Century21northhomes
Added: Jun 3, 2021 Updated: Jul 10 at 3:59PM Checked: Jul 21 at 9:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Zenith Realty,LLC
Investment Insights
Based on property information with market context.
This offering is a large office-retail building configured to serve both business and storefront needs. The property is positioned on the ocean side of Highway 101 and is being marketed for investors and owner-users. Drive-bys are welcome, and current occupants should not be disturbed.
The building sits in Depoe Bay, Oregon, a popular coastal tourist destination. The Highway 101 location is described as heavily traveled, supporting steady visibility for retail and customer-facing uses, while the office component can support professional tenants requiring dedicated workspace.
For buyers looking for an owner-occupant arrangement, the mix of office and retail space may allow a single operator to combine back-office or professional functions with a storefront component. For investors, the same mix offers flexibility for tenanting different use types within one building. The seller is motivated and is seeking an acceptable offer as soon as possible.
The building sits in Depoe Bay, Oregon, a popular coastal tourist destination. The Highway 101 location is described as heavily traveled, supporting steady visibility for retail and customer-facing uses, while the office component can support professional tenants requiring dedicated workspace.
For buyers looking for an owner-occupant arrangement, the mix of office and retail space may allow a single operator to combine back-office or professional functions with a storefront component. For investors, the same mix offers flexibility for tenanting different use types within one building. The seller is motivated and is seeking an acceptable offer as soon as possible.
Key Highlights
- Mixed office and retail building along Oregon’s coastal corridor in Depoe Bay
- Year built: 1978
- Large office‑retail building on the ocean side of Hwy 101 in a heavily traveled tourist destination
Local Financial Insights For Office B
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 | $299.4k | $26.64 |
| − Vacancy | −$68.9k | −$6.13 |
| EGI | $230.6k | $20.51 |
| − OpEx | −$57.6k | −$5.13 |
| NOI | $172.9k | $15.38 |
11,240 SF · lease $26.64/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.47M
$2.16M – $2.88M
NOI $172,923 @ 7.0% cap · market cap 5.76%
Second Best
Retail
$1.95M
$1.71M – $2.28M
NOI $136,795 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$2.93M
$2.57M – $3.42M
NOI $205,223 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - For sale mixed office and retail building along Oregon’s coastal corridor in a heavily traveled tourist destination.
Where is this retail space located?
The property is located at 531 N Highway 101 Depoe Bay, OR.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Mixed office and retail building along Oregon’s coastal corridor in Depoe Bay; Year built: 1978; Large office‑retail building on the ocean side of Hwy 101 in a heavily traveled tourist destination
