Two-Story Mixed-Use
260 W Willow Street, Waldport, OR 97394
For Sale
$749,000
Commercial Sale, Waldport, OR
Property Size2,513 SF
Lot Size0.12 Acres
Price / SF$298.05
Days on Market247
Property Features for 260 W Willow Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Window features
Appliances
Lot features
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Taylor & Taylor Realty Company
(800) 462-0197
Listed By:
Michelle Barnes · License OR #201213169
(760) 412-2992
Added: Mar 14
Changed: Oct 28
Last Checked: Nov 15 at 4:06AM
MLS# 26-602
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.
Built in 1930, this two-story property contains 2,513 square feet on a 0.12-acre lot. A substantial remodel in 1990 added a new foundation and sump pump. The interior includes living areas, office rooms, storage, and an upper-level room suited to reception or gathering space. Central air, a carport, and additional on-site parking are also present.
The property is zoned Downtown District. Commercial, residential, or mixed use may be possible under City rules; prospective users should confirm their intended use with the City.
The property is zoned Downtown District. Commercial, residential, or mixed use may be possible under City rules; prospective users should confirm their intended use with the City.
Key Highlights
- 2,513‑square‑foot building on a 0.12‑acre lot
- Downtown District zoning; commercial, residential, or mixed use subject to City verification
- Two‑story layout with living areas, office rooms, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,661
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,220
$773.2K
Cap Rate 7%
$552,300
$552.3K
Cap Rate 9%
$429,567
$429.6K
Market Conditions
NOI Build-Up for 2,513 SF
Gross rent
$66.9K $26.64/SF
− Vacancy
−$15.4K −$6.13/SF
EGI
$51.5K $20.51/SF
− OpEx
−$12.9K −$5.13/SF
NOI
$38.7K $15.38/SF
Area
Lincoln County, OR
Vacancy
23.00%
Lease Rate
$26.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,220
Cap Rate 7%
$552,300
Cap Rate 9%
$429,567
Alternative Uses
Best Use
Office B
$552.3K
$483.3K – $644.4K
NOI $38,661 @ 7.0% cap · market cap 5.16%
Second Best
Mixed Use
$329.0K
$287.9K – $383.9K
NOI $23,032 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$655.5K
$573.5K – $764.7K
NOI $45,883 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
272
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 Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown District zoning supports commercial, residential, or combined use, subject to City verification.
Where is this mixed-use property located?
The property is located at 260 W Willow Street Waldport, 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: 2,513‑square‑foot building on a 0.12‑acre lot; Downtown District zoning; commercial, residential, or mixed use subject to City verification; Two‑story layout with living areas, office rooms, and storage
