4787 SW HIGHWAY 101, Lincoln City, OR 97367
Commercial building with apartment and garage in historic Taft District.
- Added:
- Apr 20, 2024
- Days on Market:
- 782
- Last Refresh:
- Apr 5 at 9:06 pm
Property Features for 4787 SW HIGHWAY 101
General Information
- Standard status
- Active
- Size
- 6,346 SF
- Lot size
- 0.26 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1955
Listing agent TAMARA ZIMMERMAN License #961000002
Listing office TAYLOR & TAYLOR REALTY CO. (541) 994-9111
Listing date Apr 20, 2024
Source Corcoran
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.
HighLights
- High‑visibility corner lot location on Hwy 101.
- Located in the heart of the Historic Taft District.
- Commercial building with numerous possibilities.
- Includes an apartment.
- Includes a garage.
- Year built: 1955.
Overview
Local Financial Insights For Mixed Use
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 | $99.0k | $15.60 |
| − Vacancy | −$5.9k | −$0.94 |
| EGI | $93.1k | $14.66 |
| − OpEx | −$34.9k | −$5.50 |
| NOI | $58.2k | $9.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lincoln City
- County
- Lincoln
- State
- Oregon
- Longitude
- -124.017
- Latitude
- 44.9297
