Remodeled Restaurant
New
For Sale
$749,000
1330 NE Highway 101, Lincoln City, OR 97367
Commercially zoned space with Highway 101 frontage and shared parking access subject to an easement.
Property Size2,524 SF
Price / SF$296.75
Days on Market5
Property Features for 1330 NE Highway 101
General Information
Standard status
Active
Size
2,524 SF
Property subtype
Commercial
Site & Location
Frontage
52 ft
Highway Access
Yes
Road Access
Yes
Additional Details
Opportunity Zone
Yes
Building Details
Year Built
1950
Listing Agency:
Matin Real Estate
Listed By:
Brittany Gibbs · License #201209867
(503) 836-2010
Source:
Findhousesinoregon
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 26 at 7:09AM
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 Matin Real Estate
Investment Insights
Based on property information with market context.
This conventional restaurant property contains approximately 2,524 square feet of commercially zoned space at 1330 NE Highway 101. Originally constructed in 1950, the building received extensive remodeling during 2022-2023 and was formerly operated as a bar and grill. The interior offers a flexible commercial layout for restaurant-oriented occupancy and related uses supported by the existing configuration.
The property fronts Highway 101 with 52 feet of frontage and sits in Lincoln City’s central commercial area. It is within an Opportunity Zone. Shared parking access with the property to the north is governed by an ingress/egress easement that must be completed before closing. The neighboring property is also available for purchase.
The property fronts Highway 101 with 52 feet of frontage and sits in Lincoln City’s central commercial area. It is within an Opportunity Zone. Shared parking access with the property to the north is governed by an ingress/egress easement that must be completed before closing. The neighboring property is also available for purchase.
Key Highlights
- Approximately 2,524 sq ft of commercially zoned space
- 52 feet of frontage along Highway 101
- Extensive remodeling completed during 2022‑2023
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
4.10%
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 4.10%
Second Best
Specialty Retail
$375.0K
$328.1K – $437.5K
NOI $26,251 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$658.3K
$576.1K – $768.1K
NOI $46,084 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercially zoned space with Highway 101 frontage and shared parking access subject to an easement.
Where is this conventional restaurant located?
The property is located at 1330 NE Highway 101 Lincoln City, OR.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Approximately 2,524 sq ft of commercially zoned space; 52 feet of frontage along Highway 101; Extensive remodeling completed during 2022‑2023
