Coastal Restaurant
For Sale
$1,500,000
4250 N Highway 101, Lincoln City, OR 97367
Commercial Sale, Lincoln City, OR
Property Size4,867 SF
Lot Size2.40 Acres
Price / SF$308.20
Days on Market47
Property Features for 4250 N Highway 101
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC - General Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Lot features
Level, Sloped
View
Forest
Directions
Property is along highway 101 at the north end of Lincoln City.
Standard status
Active
APN
071102B-700-00
Size
4,867 SF
Lot size
2.40 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8199
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1938
Floors in Building
2
Flooring type
Tile
Building materials
Shake Siding, Wood Siding, Cedar
Roof type
Composition
Listing Agency:
Taylor & Taylor Realty Company
(800) 462-0197
Listed By:
Dennis M Regen · License #810604051
(541) 994-4169
Added: Jul 6
Changed: Aug 20
Last Checked: Aug 21 at 11:06AM
MLS# 26-1866
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.
Investment Insights
Based on property information with market context.
This conventional restaurant property includes a 4,867-square-foot commercial building on 2.4 acres. Built in 1938, the structure features cedar, shake, and wood siding, tile flooring, a composition roof, two bathrooms, and mature landscaping. Public water and public sewer serve the property, with cable available. The sale includes real estate only; the existing business and equipment are excluded.
The property fronts approximately 420 feet along Highway 101 in Lincoln City, Oregon. It carries GC - General Commercial zoning, with the source also identifying R/C zoning. The building is currently leased, and showings are by appointment only. The highway address and substantial frontage provide a clearly identifiable commercial site for continued restaurant use.
The property fronts approximately 420 feet along Highway 101 in Lincoln City, Oregon. It carries GC - General Commercial zoning, with the source also identifying R/C zoning. The building is currently leased, and showings are by appointment only. The highway address and substantial frontage provide a clearly identifiable commercial site for continued restaurant use.
Key Highlights
- 4,867‑square‑foot commercial building on 2.4 acres
- Approximately 420 feet of Highway 101 frontage
- Currently leased; real estate only is included in the sale
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
$50,619
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
3.37%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
130k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Groceries 34%
Shops & Services 29%
Safeway
Groceries
43,811 visits/mo
0.3 miles
McDonald's
Dining
26,171 visits/mo
0.2 miles
Circle K
Shops & Services
16,052 visits/mo
0.3 miles
Jo-Ann Fabric and Craft
Shops & Services
10,661 visits/mo
0.3 miles
Taco Bell
Dining
10,505 visits/mo
0.4 miles
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 Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Siletz Bay Buffet — 1777 NW 44th St, Lincoln City, OR 97367
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Leased restaurant property with a rustic exterior, mature landscaping, and public water and sewer service.
Where is this conventional restaurant located?
The property is located at 4250 N 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 on 2.4 acres; Approximately 420 feet of Highway 101 frontage; Currently leased; real estate only is included in the sale
