Flex Property with
For Sale
$825,000
2740 SE Hwy 101, Lincoln City, OR 97367
Commercial Sale, Lincoln City, OR
Property Size3,688 SF
Lot Size1.66 Acres
Price / SF$223.70
Days on Market341
Property Features for 2740 SE Hwy 101
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PI - Planned Industrial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Off Street
Fireplace
1
Appliances
Water Heater, Water Heater
Lot features
Gentle Sloping
Directions
Hwy 101 to address
Standard status
Active
APN
071122DB-1900-00
Size
3,688 SF
Lot size
1.66 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6393
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1996
Floors in Building
2
Flooring type
Wood
Building materials
Lap Siding
Roof type
Composition
Additional Structures
Workshop
Buildings
2
Listing Agency:
Coldwell Banker Professional Group - Lincoln City · Coldwell Banker Real Estate
(541) 994-7760
Listed By:
Mary J O'Connor · License #921200130
(541) 921-0832
Added: Nov 25, 2025
Changed: Nov 1
Last Checked: Nov 1 at 1:06PM
MLS# LC-105284
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.
The 1.66-acre property is zoned PI - Planned Industrial and includes a 1,144-square-foot, two-bedroom home and a 2,544-square-foot shop. The shop has two large bays, a double garage door, an RV-sized door, 200-amp power, and a second-level office and storage area.
The site fronts Highway 101 at 2740 SE Hwy 101 in Lincoln City. Public water and sewer serve the property, and off-street parking is available.
The site fronts Highway 101 at 2740 SE Hwy 101 in Lincoln City. Public water and sewer serve the property, and off-street parking is available.
Key Highlights
- 1.66‑acre site zoned PI - Planned Industrial
- Highway 101 frontage at 2740 SE Hwy 101, Lincoln City
- 2,544‑square‑foot shop with two large bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,282
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,640
$905.6K
Cap Rate 7%
$646,886
$646.9K
Cap Rate 9%
$503,133
$503.1K
Market Conditions
NOI Build-Up for 3,688 SF
Gross rent
$55.3K $15.00/SF
− Vacancy
−$2.0K −$0.56/SF
EGI
$53.3K $14.45/SF
− OpEx
−$8.0K −$2.17/SF
NOI
$45.3K $12.28/SF
Area
Lincoln County, OR
Vacancy
3.70%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$905,640
Cap Rate 7%
$646,886
Cap Rate 9%
$503,133
Alternative Uses
Best Use
Warehouse
$646.9K
$566.0K – $754.7K
NOI $45,282 @ 7.0% cap · market cap 5.49%
Second Best
Industrial
$532.7K
$466.1K – $621.5K
NOI $37,291 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$961.9K
$841.7K – $1.12M
NOI $67,336 @ 7.0% cap · market cap 8.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - A planned-industrial parcel combines a separate residence with a powered shop and upper-level office and storage.
Where is this flex space located?
The property is located at 2740 SE Hwy 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‑acre site zoned PI - Planned Industrial; Highway 101 frontage at 2740 SE Hwy 101, Lincoln City; 2,544‑square‑foot shop with two large bays
