Remodeled Restaurant
New
For Sale
$749,000
1330 NE Highway 101, Lincoln City, OR 97367
Commercial Sale, Lincoln City, OR
Property Size2,524 SF
Lot Size0.15 Acres
Price / SF$296.75
Days on Market1
Property Features for 1330 NE Highway 101
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
OP-MSH Main Street Highwa
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
5
Parking features
Off Street
Window features
Single Pane Window(s)
Accessibility
Accessible Approach with Ramp
Appliances
Dishwasher
Lot features
Level
Directions
Along Highway 101 frontage between NE 13th Street and NE 14th Street in Lincoln City.
Standard status
Active
APN
07-11-10-DC-03500-00
Size
2,524 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4915
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Ductless (Heating), Heat Pump (Heating)
Cooling system
Ductless, Heat Pump
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Building materials
Concrete
Roof type
Membrane
Listing Agency:
Taylor & Taylor Realty Company
(800) 462-0197
Listed By:
Dennis M Regen · License #810604051
(541) 994-4169
Added: Sep 4
Last Checked: Sep 4 at 11:06PM
MLS# 26-2434
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 conventional restaurant property at 1330 NE Highway 101 includes approximately 2,524 square feet on a 0.15-acre lot. The concrete building was constructed in 1950 and extensively remodeled during 2022–2023. Its prior bar-and-grill configuration includes two bathrooms, a dishwasher, ductless heating and cooling, a heat pump, a membrane roof, and off-street parking. An accessible approach with ramp is also provided.
The property offers 52 feet of frontage along Highway 101 in Lincoln City and is zoned OP-MSH Main Street Highwa. Public water and sewer serve the site, with cable available. The property is within an Opportunity Zone. The sale is subject to completion of an ingress/egress easement with the adjacent property to the north for shared parking before closing.
The property offers 52 feet of frontage along Highway 101 in Lincoln City and is zoned OP-MSH Main Street Highwa. Public water and sewer serve the site, with cable available. The property is within an Opportunity Zone. The sale is subject to completion of an ingress/egress easement with the adjacent property to the north for shared parking before closing.
Key Highlights
- Approximately 2,524 square feet on a 0.15‑acre lot
- 52 feet of frontage along Highway 101
- Extensively remodeled 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
$26,251
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
3.50%
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%
$525,020
$525.0K
Cap Rate 7%
$375,014
$375.0K
Cap Rate 9%
$291,678
$291.7K
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
$36.3K $14.40/SF
− Vacancy
−$1.3K −$0.53/SF
EGI
$35.0K $13.87/SF
− OpEx
−$8.8K −$3.47/SF
NOI
$26.3K $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%
$525,020
Cap Rate 7%
$375,014
Cap Rate 9%
$291,678
Alternative Uses
Best Use
Specialty Retail
$375.0K
$328.1K – $437.5K
NOI $26,251 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
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
Property Profile
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
Market
Vacancy Rate% for Retail 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?
Conventional restaurant - Highway 101 commercial property with flexible restaurant space and recent interior improvements.
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 square feet on a 0.15‑acre lot; 52 feet of frontage along Highway 101; Extensively remodeled during 2022–2023
