Commercial Building in Taft
4787 SW HIGHWAY 101 Lincoln City, OR 97367
For Sale
$895,000
Commercial building with apartment and garage in historic Taft District.
Property Size6,346 SF
Lot Size0.26 Acres
Price / SF$141.03
Days on Market827
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 Agency:
TAYLOR & TAYLOR REALTY CO.
(541) 994-9111
Listed By:
TAMARA ZIMMERMAN · License #961000002
Source:
Corcoran
Added: Apr 20, 2024
Changed: Jul 6
Last Checked: Jul 25 at 7:25AM
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.
Investment Insights
Based on property information with market context.
This commercial building is located in the heart of the Historic Taft District on a corner lot with high visibility on Hwy 101. The property, with a size of 6346 square feet, includes an apartment and a garage, offering numerous possibilities for potential buyers. Buyers are advised to conduct their own due diligence regarding potential uses for the property.
Key Highlights
- High‑visibility corner lot location on Hwy 101.
- Located in the heart of the Historic Taft District.
- Commercial building with numerous possibilities.
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 |
6,346 SF · lease $15.60/SF/yr · vacancy 6.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$830.9K
$727.0K – $969.4K
NOI $58,161 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,867 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
FAQs
What type of property is this?
Mixed-use property - Commercial building with apartment and garage in historic Taft District.
Where is this mixed-use property located?
The property is located at 4787 SW HIGHWAY 101 Lincoln City, OR.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: High‑visibility corner lot location on Hwy 101.; Located in the heart of the Historic Taft District.; Commercial building with numerous possibilities.
