Mini Strip Mall with Highway
385 NE Alsea Highway Waldport, OR 97394
385 NE Alsea Highway, Waldport, OR, 97394
$1,400,000
For Sale
$1,400,000
Seven-unit mini strip mall offers single-level retail space with about 300 feet of frontage on a highway corridor.
Property Size6,902 SF
Price / SF$202.84
Days on Market173
Property Features for 385 NE Alsea Highway
General Information
- Standard status
- Active
- Size
- 6,902 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1998
Listing agency
Taylor & Taylor Realty Company
(541) 994-4169
Listed by
Dennis M Regen · License #810604051
(541) 994-4169
Source
Martekrealestate
Added: Jan 30 Updated: Jul 21 at 11:46AM Checked: Jul 21 at 11:46AM
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 mini strip mall presents a seven-unit retail configuration totaling 6,902 square feet of single-level commercial space. The property includes a ground lease, and all units are arranged for straightforward customer and tenant access. The site is 100% occupied. A new roof was installed in 2024, supporting the property’s continued upkeep and functionality.
The center is located at 385 NE Alsea Highway in Waldport, Oregon, with approximately 300 feet of frontage along Alsea Highway for strong visibility in a high-traffic corridor. The property sits on over half an acre of land and is centrally located close to Waldport amenities, serving both local traffic and pass-through visitors.
For investors, the offering combines a fully leased, well-maintained asset with highway frontage and a property-wide single-level layout designed for retail operations.
The center is located at 385 NE Alsea Highway in Waldport, Oregon, with approximately 300 feet of frontage along Alsea Highway for strong visibility in a high-traffic corridor. The property sits on over half an acre of land and is centrally located close to Waldport amenities, serving both local traffic and pass-through visitors.
For investors, the offering combines a fully leased, well-maintained asset with highway frontage and a property-wide single-level layout designed for retail operations.
Key Highlights
- 7‑unit mini strip mall with single‑level commercial space totaling 6,902 SF
- Over half an acre site with approximately 300 ft of frontage along Alsea Highway
- 100% occupied across all units
Local Financial Insights For Retail
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 | $124.2k | $18.00 |
| − Vacancy | −$4.2k | −$0.61 |
| EGI | $120.0k | $17.39 |
| − OpEx | −$36.0k | −$5.22 |
| NOI | $84.0k | $12.17 |
6,902 SF · lease $18.00/SF/yr · vacancy 3.41% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $84,000 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,018 @ 7.0% cap · market cap 9.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Slipstream Clay
Art Studio
Mo Jo's Espresso
Cafe & Coffee Shop
Salon 34
Hair Salon
Ocean Unity
Church
Astound Broadband Powered ...
Telecommunications Service
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FAQs
What type of property is this?
Strip mall - Seven-unit mini strip mall offers single-level retail space with about 300 feet of frontage on a highway corridor.
Where is this strip mall located?
The property is located at 385 NE Alsea Highway Waldport, OR.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 7‑unit mini strip mall with single‑level commercial space totaling 6,902 SF; Over half an acre site with approximately 300 ft of frontage along Alsea Highway; 100% occupied across all units
