Two-Story Mixed-Use
For Sale
$995,000
180 NW Hwy 101, Waldport, OR 97394
Commercial Sale, Waldport, OR
Property Size7,725 SF
Lot Size0.12 Acres
Price / SF$128.80
Days on Market363
Property Features for 180 NW Hwy 101
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
D-D Downtown District (Wa
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Accessibility
Accessible Approach with Ramp
Subdivision
Tekinink
Directions
Hwy. 101
Standard status
Active
APN
131119BD-3900-00
Size
7,725 SF
Lot size
0.12 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
retail, residential
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9044
Utilities
Water front
1
Building Details
Year built
1995
Floors in Building
2
Roof type
Composition
Buildings
1
Listing Agency:
Commercial Associates
Listed By:
Alan Wells · License #910900152
(541) 754-6320
Added: Nov 1, 2025
Changed: Oct 29
Last Checked: Oct 29 at 7:06PM
MLS# LC-105211
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.
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Investment Insights
Based on property information with market context.
This two-story mixed-use building contains a general store on the first level and two one-bedroom apartments upstairs. The apartments are approximately 900 square feet in size. The store is occupied under a month-to-month tenancy, and the tenant is open to discussing a longer-term lease.
Built in 1995, the property includes an accessible approach with a ramp and is located at 180 NW Hwy 101 in Waldport, Oregon. The site comprises 0.12 acres, and the building totals 7,725 square feet.
Built in 1995, the property includes an accessible approach with a ramp and is located at 180 NW Hwy 101 in Waldport, Oregon. The site comprises 0.12 acres, and the building totals 7,725 square feet.
Key Highlights
- Two‑story building with a ground‑floor general store and two upstairs apartments
- Two one‑bedroom apartments, approximately 900 square feet in size
- General store occupied on a month‑to‑month tenancy; tenant will consider a long‑term lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,800
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,416,000
$1.4M
Cap Rate 7%
$1,011,429
$1.0M
Cap Rate 9%
$786,667
$786.7K
Market Conditions
NOI Build-Up for 7,725 SF
Gross rent
$120.5K $15.60/SF
− Vacancy
−$7.2K −$0.94/SF
EGI
$113.3K $14.66/SF
− OpEx
−$42.5K −$5.50/SF
NOI
$70.8K $9.17/SF
Area
Lincoln County, OR
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,416,000
Cap Rate 7%
$1,011,429
Cap Rate 9%
$786,667
Alternative Uses
Best Use
Retail
$1.34M
$1.18M – $1.57M
NOI $94,016 @ 7.0% cap · market cap 9.45%
Second Best
Mixed Use
$1.01M
$885.0K – $1.18M
NOI $70,800 @ 7.0% cap · market cap 7.12%
Theoretical Best
Office A
$2.01M
$1.76M – $2.35M
NOI $141,045 @ 7.0% cap · market cap 14.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
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Business Placement
Demographics for 97394, OR
5,361
Population
3,686
Households
1.5
Avg Household Size
59
Median Age
28%
College-Educated
95%
High-School Grad
51.7 sq mi
ZIP Area
104
Density / Sq Mi
$57,708
Median Household Income
$31,690
Median Earnings
$1,104
Median Rent
$354,400
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A ground-floor general store and upstairs apartments create a combination of commercial and residential space.
Where is this mixed-use property located?
The property is located at 180 NW Hwy 101 Waldport, OR.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Two‑story building with a ground‑floor general store and two upstairs apartments; Two one‑bedroom apartments, approximately 900 square feet in size; General store occupied on a month‑to‑month tenancy; tenant will consider a long‑term lease
