Historic Office Building with 1930s
260 W Willow Street Waldport, OR 97394
260 W Willow Street, Waldport, OR, 97394
$749,000
For Sale
$749,000
1930s two-story office building remodeled in 1990 with versatile interior spaces, multiple parking, and a carport.
Property Size2,513 SF
Price / SF$298.05
Days on Market130
Property Features for 260 W Willow Street
General Information
- Standard status
- Active
- Size
- 2,513 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1930
Listing agency
Taylor & Taylor Realty Company
(760) 412-2992
Listed by
Michelle Barnes
(760) 412-2992
Source
Martekrealestate
Added: Mar 14 Updated: Jul 21 at 9:15AM Checked: Jul 21 at 9:15AM
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 Taylor & Taylor Realty Company
Investment Insights
Based on property information with market context.
This historic 1930s office building was significantly remodeled in 1990 and offers a spacious, flexible two-story layout. The interior includes inviting living areas and versatile office spaces, plus a wide staircase leading to a possible reception area or a large great-/family-room style space with generous windows. Four additional rooms/office spaces and ample storage provide further flexibility for office or other configured uses.
The property is located at 260 W Willow Street in Waldport and is zoned within the Downtown District. The City’s guidance indicates the zoning supports a wide range of possibilities, including commercial use, residential use, or mixed use, and the buyer is asked to verify the desired use directly with the City. Multiple parking spaces and a carport are available on site, and the seller reports that during the 1990 remodel the property was lifted one inch over the floodplain, with a new foundation and a sump pump added. The seller also reports newer AC installed approximately six years ago.
The property is located at 260 W Willow Street in Waldport and is zoned within the Downtown District. The City’s guidance indicates the zoning supports a wide range of possibilities, including commercial use, residential use, or mixed use, and the buyer is asked to verify the desired use directly with the City. Multiple parking spaces and a carport are available on site, and the seller reports that during the 1990 remodel the property was lifted one inch over the floodplain, with a new foundation and a sump pump added. The seller also reports newer AC installed approximately six years ago.
Key Highlights
- 1930 two‑story building with 2,513 SF and versatile interior spaces for office, residential, or mixed use
- Remodeled in 1990, including a new foundation and a sump pump, plus the property was lifted 1 inch over the floodplain
- Downtown District zoning allows a range of uses; buyer to verify desired use with the City
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.9k | $26.64 |
| − Vacancy | −$15.4k | −$6.13 |
| EGI | $51.5k | $20.51 |
| − OpEx | −$12.9k | −$5.13 |
| NOI | $38.7k | $15.38 |
2,513 SF · lease $26.64/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$552.3K
$483.3K – $644.4K
NOI $38,661 @ 7.0% cap · market cap 5.16%
Second Best
Hotel Hospitality
$260.9K
$228.3K – $304.4K
NOI $18,263 @ 7.0% cap · market cap 2.44%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lee Palmer LTC ...
Tax Preparation
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FAQs
What type of property is this?
Office building - 1930s two-story office building remodeled in 1990 with versatile interior spaces, multiple parking, and a carport.
Where is this office building 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: 1930 two‑story building with 2,513 SF and versatile interior spaces for office, residential, or mixed use; Remodeled in 1990, including a new foundation and a sump pump, plus the property was lifted 1 inch over the floodplain; Downtown District zoning allows a range of uses; buyer to verify desired use with the City
