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    Mixed-Use Building with Retail and Housing Title is generated by Realmo AI

    171 Sunset Blvd, Cannon Beach, OR 97110

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    A 10,000 SF mixed-use building offering multiple retail units plus two residential units and substantial off-street parking.

    Type:Retail
    Property size:
    10,000 SF
    Added:
    Jun 3, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 5:43 am

    Property Features for 171 Sunset Blvd

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Property subtype
    Retail

    Spaces For Lease

    at 171 Sunset Blvd Contact us

    We can help!

    Listing Contact
    Christopher James

    Listing agent Christopher James License #OR

    Listing office James Law Group

    Listing date Jun 3, 2026

    Source Crexi

    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 James Law Group

    HighLights

    • 10,000 SF mixed‑use building in Cannon Beach, Oregon, immediately off the most‑used US 101 exit ramp
    • Rentable area totals 9,300 SF: 7,000 SF commercial (4 units) plus 2,300 SF residential (2 units)
    • 28 off‑street parking spaces serving the building
    • Commercial leases are triple‑net (NNN); tenants pay RE taxes, insurance, utilities, and maintenance
    • Commercial lease structure includes a 3% annual escalator
    • Reported capitalization rate of 6.5% for the property

    Overview

    This 10,000 SF mixed-use building includes 7,000 SF of commercial space configured as four separate units, along with 2,300 SF of residential space configured as two units. The property is served by 28 off-street parking spaces, supporting both storefront and residential access from the same overall site.

    The building is located in Cannon Beach, Oregon at 171 Sunset Blvd, immediately off the most-used US 101 exit ramp. The location provides direct convenience for tenants and customers needing easy access, with parking available on-site for day-to-day operations.

    The commercial lease structure is triple-net (NNN), with tenants responsible for real estate taxes, insurance, utilities, and maintenance. An annual 3% escalator applies. This layout can work well for a commercial operator looking to lease one of the four commercial units while sharing the site’s parking resources and coexisting with on-site residential units.
    Location Intelligence

    Current Use by Public Records

    Cannon Beach Fitness Gym & Fitness Center Cleanline Surf (Bike/Boat/Book/etc) Store Michaels Music (Bike/Boat/Book/etc) Store Cameron Francey Health ... Gym & Fitness Center Copies & Fax Shipping Company

    Suggested Use

    Storage Facility Discount Store Cosmetic Store Restaurant Clothing & Fashion Store (Bike/Boat/Book/etc) Store Auto Parts Store Garden Center Electrical Service Barber Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cannon Beach
    County
    Clatsop
    State
    Oregon
    Longitude
    -123.9603966
    Latitude
    45.8877666

    FAQs

    What type of property is this?
    Mixed-use property - A 10,000 SF mixed-use building offering multiple retail units plus two residential units and substantial off-street parking.
    Where is this mixed-use property located?
    The property is located at 171 Sunset Blvd Cannon Beach, OR.
    What are key features of this property?
    This property features: 10,000 SF mixed‑use building in Cannon Beach, Oregon, immediately off the most‑used US 101 exit ramp; Rentable area totals 9,300 SF: 7,000 SF commercial (4 units) plus 2,300 SF residential (2 units); 28 off‑street parking spaces serving the building
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Christopher James
    Real Estate License ID: OR
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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