Remodeled Commercial Building, Highway
For Sale
Contact for pricing
1330 NE Hwy 101, Lincoln City, OR 97367
Remodeled commercial building with indoor/outdoor seating and parking.
Property Size2,524 SF
Price / SF$346.63
Days on Market389
Property Features for 1330 NE Hwy 101
General Information
Standard status
Active
Size
2,524 SF
Class
B
Property subtype
Retail
Zoning
OP-MSH
Building Details
Year Built
1950
Listing Agency:
Taylor & Taylor Realty Co.
(541) 994-9111
Listed By:
Dennis Regen · License #810604051
Source:
Crexi
Added: Jul 28, 2025
Changed: Aug 14
Last Checked: Aug 14 at 6:06AM
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 Taylor & Taylor Realty Co.
Investment Insights
Based on property information with market context.
This commercial building is located in the Oceanlake District of Lincoln City, benefiting from a central, high-traffic location and 52 feet of frontage on Highway 101. The 2,524 square foot facility was fully remodeled in 2023 and features both indoor and outdoor seating. On-site and off-site parking are available. Furnishings are negotiable. The sale is subject to an ingress/egress easement with the adjacent property to the North for shared parking, to be completed prior to closing. The adjacent property is also available for purchase.
Key Highlights
- Prime Highway 101 frontage (52 feet) in a central, high‑traffic downtown Lincoln City location.
- Fully remodeled in 2023.**
- 2,524 sq ft facility with indoor and outdoor seating.**
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
$30,718
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
3.51%
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%
$614,360
$614.4K
Cap Rate 7%
$438,829
$438.8K
Cap Rate 9%
$341,311
$341.3K
Market Conditions
NOI Build-Up for 2,524 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
$45.4K $18.00/SF
− Vacancy
−$1.5K −$0.61/SF
EGI
$43.9K $17.39/SF
− OpEx
−$13.2K −$5.22/SF
NOI
$30.7K $12.17/SF
Area
Lincoln County, OR
Vacancy
3.41%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$614,360
Cap Rate 7%
$438,829
Cap Rate 9%
$341,311
Alternative Uses
Best Use
Retail
$438.8K
$384.0K – $512.0K
NOI $30,718 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$658.3K
$576.1K – $768.1K
NOI $46,084 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
25k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 85%
Shops & Services 15%
Dutch Bros. Coffee
Dining
15,850 visits/mo
0.3 miles
Mazatlan Mexican Restaurant
Dining
5,161 visits/mo
0.3 miles
O'Reilly Auto Parts
Shops & Services
2,402 visits/mo
0.4 miles
First Interstate Bank
Shops & Services
1,355 visits/mo
0.3 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Remodeled commercial building with indoor/outdoor seating and parking.
Where is this storefront property located?
The property is located at 1330 NE Hwy 101 Lincoln City, OR.
What is the asking price?
The asking price for this property is $874,900.
What are key features of this property?
This property features: Prime Highway 101 frontage (52 feet) in a central, high‑traffic downtown Lincoln City location.; Fully remodeled in 2023.**; 2,524 sq ft facility with indoor and outdoor seating.**
