Mixed-Use Commercial
For Sale
$1,150,000
1330 NE Highway 101, Lincoln City, OR 97367
Commercial Sale, Lincoln City, OR
Property Size4,172 SF
Lot Size0.23 Acres
Price / SF$275.65
Days on Market47
Property Features for 1330 NE Highway 101
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OP-MSH Main Street Highwa
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 3
Parking
9
Window features
Vinyl Frames, Double Pane Windows
Lot features
Level
View
Ocean
Directions
Along Highway 101 frontage between NE 13th Street and NE 14th Street in Lincoln City.
Standard status
Active
APN
07-11-10-DC-03400-00
Size
4,172 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8560
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating), Ductless (Heating)
Cooling system
Electric
Water source
Public
Building Details
Year built
1950
Floors in Building
3
Building materials
Concrete, HardiPlank Type
Roof type
Composition, Membrane
Listing Agency:
Taylor & Taylor Realty Company
(800) 462-0197
Listed By:
Dennis M Regen · License #810604051
(541) 994-4169
Added: Jul 6
Changed: Aug 20
Last Checked: Aug 21 at 12:06PM
MLS# 26-1869
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.
Investment Insights
Based on property information with market context.
This mixed-use offering includes two contiguous commercial properties in Lincoln City. The building at 1330 NE Hwy 101 was previously configured as a bar and grill and received extensive remodeling in 2022. The second property, at 1333 NE Keel Ave, contains a four-bedroom, two-bath home that remains under renovation and requires completion. The combined property size is 4,172 square feet on 0.23 acres.
Both properties carry commercial zoning under OP-MSH Main Street Highwa. The site has Highway 101 frontage and is identified within an Opportunity Zone. Public water and public sewer serve the properties, with cable available. The commercial building includes concrete and HardiPlank Type construction, while roofing consists of composition and membrane systems.
Both properties carry commercial zoning under OP-MSH Main Street Highwa. The site has Highway 101 frontage and is identified within an Opportunity Zone. Public water and public sewer serve the properties, with cable available. The commercial building includes concrete and HardiPlank Type construction, while roofing consists of composition and membrane systems.
Key Highlights
- Two contiguous commercially zoned properties at 1330 NE Highway 101 and 1333 NE Keel Ave
- 4,172 square feet across 0.23 acres
- Commercial building formerly operated as a bar and grill
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
$43,390
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
3.77%
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%
$867,800
$867.8K
Cap Rate 7%
$619,857
$619.9K
Cap Rate 9%
$482,111
$482.1K
Market Conditions
NOI Build-Up for 4,172 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
$60.1K $14.40/SF
− Vacancy
−$2.2K −$0.53/SF
EGI
$57.9K $13.87/SF
− OpEx
−$14.5K −$3.47/SF
NOI
$43.4K $10.40/SF
Area
Lincoln County, OR
Vacancy
3.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
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%
$867,800
Cap Rate 7%
$619,857
Cap Rate 9%
$482,111
Alternative Uses
Best Use
Specialty Retail
$619.9K
$542.4K – $723.2K
NOI $43,390 @ 7.0% cap · market cap 3.77%
Second Best
Mixed Use
$546.2K
$478.0K – $637.3K
NOI $38,236 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$1.09M
$952.2K – $1.27M
NOI $76,173 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two connected, commercially zoned properties combine a remodeled commercial building with a residence undergoing renovation.
Where is this mixed-use property 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 $1,150,000.
What are key features of this property?
This property features: Two contiguous commercially zoned properties at 1330 NE Highway 101 and 1333 NE Keel Ave; 4,172 square feet across 0.23 acres; Commercial building formerly operated as a bar and grill
