Highway 101 Frontage
For Sale
$825,000
2740 SE HIGHWAY 101, Lincoln City, OR 97367
Versatile property with highway exposure, shop, and residential/office space.
Property Size2,544 SF
Lot Size1.66 Acres
Price / SF$324.29
Days on Market267
Property Features for 2740 SE HIGHWAY 101
General Information
Standard status
Active
Size
2,544 SF
Lot size
1.66 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$6,393
Amenities
Composition Roof
Forced Air Heating
Off Street
On Site
Building Details
Year Built
1996
Listing Agency:
COLDWELL BANKER PROFESSIONAL
(503) 538-0468
Listed By:
MARY O'CONNOR · License #921200130
Source:
Corcoran
Added: Nov 28, 2025
Changed: Aug 20
Last Checked: Aug 21 at 7:03AM
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 COLDWELL BANKER PROFESSIONAL
Investment Insights
Based on property information with market context.
This 1.66-acre property is zoned Planned Industrial and features frontage on Highway 101. The site offers flexibility for business, storage, operations, or live-work possibilities. It includes a 1,144 square foot home with 2 bedrooms and 1 bath, suitable for use as a residence or an office building. Additionally, there is a 2,544 square foot shop equipped with two large bays, one double garage door, and an RV-sized door. The shop also features 200 amp power, a second-level storage area, and an office.
Key Highlights
- 1.66 acres with prime Highway 101 frontage.
- Zoned Planned Industrial offering versatile business, storage, operations, or live‑work possibilities.
- 2544 sq ft shop with two large bays, double garage door, and RV sized door.**
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
$25,724
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
3.12%
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%
$514,480
$514.5K
Cap Rate 7%
$367,486
$367.5K
Cap Rate 9%
$285,822
$285.8K
Market Conditions
NOI Build-Up for 2,544 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
$38.2K $15.00/SF
− Vacancy
−$1.4K −$0.56/SF
EGI
$36.7K $14.45/SF
− OpEx
−$11.0K −$4.33/SF
NOI
$25.7K $10.11/SF
Area
Lincoln County, OR
Vacancy
3.70%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$514,480
Cap Rate 7%
$367,486
Cap Rate 9%
$285,822
Alternative Uses
Best Use
Industrial
$367.5K
$321.6K – $428.7K
NOI $25,724 @ 7.0% cap · market cap 3.12%
Second Best
Flex RnD
$354.9K
$310.5K – $414.0K
NOI $24,842 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$663.6K
$580.6K – $774.2K
NOI $46,449 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Explore this area
Business Placement
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 Industrial 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?
Industrial land - Versatile property with highway exposure, shop, and residential/office space.
Where is this industrial land located?
The property is located at 2740 SE HIGHWAY 101 Lincoln City, OR.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 1.66 acres with prime Highway 101 frontage.; Zoned Planned Industrial offering versatile business, storage, operations, or live‑work possibilities.; 2544 sq ft shop with two large bays, double garage door, and RV sized door.**
