Restaurant Building with Highway
For Sale
$1,500,000
4250 NE Highway 101, Lincoln City, OR 97367
The property is leased and includes land along a coastal highway corridor.
Property Size4,867 SF
Lot Size2.40 Acres
Price / SF$308.20
Days on Market110
Property Features for 4250 NE Highway 101
General Information
Standard status
Active
Size
4,867 SF
Total Parking Spaces
18
Lot size
2.40 Acres
Property subtype
Commercial
Zoning
GC
Site & Location
Frontage
420 ft
Highway Access
Yes
Road Access
Yes
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Equipment Included
No
Taxes and HOA fees
Annual Taxes
$8,328
Building Details
Building Size
4,867 SF
Year Built
1938
Buildings
1
Stories
2
Listing Agency:
Taylor & Taylor Realty Co.
Listed By:
Dennis Regen · License #810604051
(541) 994-4169
Source:
Eaglecaprealty
Added: Jul 7
Changed: Oct 23
Last Checked: Oct 23 at 12:20PM
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 Co.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This restaurant property includes a 4,867-square-foot commercial building constructed in 1938, set on 2.4 acres. The real estate is offered without the existing business or its equipment, and the property is currently leased.
Approximately 420 feet of frontage on Highway 101 connects the site to the highway corridor in Lincoln City, Oregon.
Approximately 420 feet of frontage on Highway 101 connects the site to the highway corridor in Lincoln City, Oregon.
Key Highlights
- 4,867‑square‑foot commercial building constructed in 1938
- 2.4‑acre property
- Approximately 420 feet of frontage on Highway 101
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,619
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,380
$1.0M
Cap Rate 7%
$723,129
$723.1K
Cap Rate 9%
$562,433
$562.4K
Market Conditions
NOI Build-Up for 4,867 SF
Gross rent
$70.1K $14.40/SF
− Vacancy
−$2.6K −$0.53/SF
EGI
$67.5K $13.87/SF
− OpEx
−$16.9K −$3.47/SF
NOI
$50.6K $10.40/SF
Area
Lincoln County, OR
Vacancy
3.70%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,380
Cap Rate 7%
$723,129
Cap Rate 9%
$562,433
Alternative Uses
Best Use
Specialty Retail
$723.1K
$632.7K – $843.7K
NOI $50,619 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,863 @ 7.0% cap · market cap 5.92%
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
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
58
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The property is leased and includes land along a coastal highway corridor.
Where is this conventional restaurant located?
The property is located at 4250 NE Highway 101 Lincoln City, OR.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 4,867‑square‑foot commercial building constructed in 1938; 2.4‑acre property; Approximately 420 feet of frontage on Highway 101
