385 NE Alsea Highway, Waldport, OR 97394
COMMERCIAL - Waldport, OR
- Added:
- Jan 30, 2026
- Days on Market:
- 148
- Last Refresh:
- Jun 27 at 10:06 am
Property Features for 385 NE Alsea Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-1 Commercial
- Bathrooms
- 7
- Rooms
- Bathroom 7, Bathroom 6, Bathroom 3, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 5
- Parking
- 37
- Parking features
- Open, Off Street
- Window features
- Vinyl Frames
- Standard status
- Active
- APN
- 13-11-19-AA-01700-00
- Size
- 6,902 SF
- Lot size
- 0.51 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11567
Utilities
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace
- Water source
- Public
Building Details
- Year built
- 1998
- Floors in Building
- 1
- Flooring type
- Vinyl
- Building materials
- Fiber Cement, Lap Siding
- Roof type
- Composition
Listing agent Dennis M Regen License #810604051 (541) 994-4169
Listing office Taylor & Taylor Realty Company 3891 NW Hwy 101, Lincoln City, OR (800) 462-0197
Listing date Jan 30, 2026
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.
HighLights
- Mini strip mall in Waldport with 7 total units and ground lease
- 6,902 SF of single‑level commercial space on over half an acre of land
- 100% occupied with all units currently leased
- Approximately 300 ft of frontage on Alsea Highway in a high‑traffic corridor
- New roof installed in 2024; composition roof
- Public water and public sewer; off‑street parking with open parking
Overview
The property is centrally located in Waldport and is positioned with approximately 300 feet of frontage along Alsea Highway, supporting visibility to both local traffic and pass-through visitors. The center is described as being close to Waldport amenities, which may help support day-to-day customer convenience.
For investors, this is a fully leased retail asset with defined tenant units and highway exposure, along with recent roof replacement documented in 2024. The configuration of single-level spaces can also be appealing for operators seeking accessible retail floorplates within a maintained, well-positioned strip mall setting.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Waldport
- County
- Lincoln
- State
- Oregon
- Longitude
- -124.059638
- Latitude
- 44.429225
