4787 SW Highway 101, Lincoln City, OR 97367
COMMERCIAL - Lincoln City, OR
- Added:
- Feb 17, 2024
- Days on Market:
- 863
- Last Refresh:
- Jun 29 at 6:06 pm
Property Features for 4787 SW Highway 101
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- TVC - Taft Village Core
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 2, Bathroom 1
- Parking features
- Garage - Attached
- Appliances
- Dishwasher, Water Heater, Refrigerator
- Standard status
- Active
- APN
- 071127DC-5400-00
- Size
- 6,346 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 7991
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 2
- Roof type
- Metal
Listing agent Tamara L. Zimmerman License #961000002 (541) 921-0220
Listing office Taylor & Taylor Realty Company 3891 NW Hwy 101, Lincoln City, OR (800) 462-0197
Listing date Feb 17, 2024
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
- Commercial building on a corner lot on Hwy 101
- Includes an apartment and a garage
- Metal roof and attached garage parking
- Public water and public sewer
- Electric heating; appliances include dishwasher, refrigerator, and water heater
- Built in 1955
Overview
Located in the heart of the Historic Taft District in Lincoln City, the building benefits from Highway 101 exposure. The zoning is listed as TVC - Taft Village Core, which is intended to support core commercial activity in the area. The offering notes high visibility and numerous possibilities for how the space may be configured and used, subject to buyer due diligence.
For buyers evaluating a mixed-use setup, the presence of both retail space and an apartment can support operational flexibility and tenant/occupant variety. The garage adds another practical component for storage or service needs, depending on how the space is utilized. Prospective purchasers should confirm allowable uses and any requirements with local authorities as part of their due diligence.
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 | $114.2k | $18.00 |
| − Vacancy | −$3.9k | −$0.61 |
| EGI | $110.3k | $17.39 |
| − OpEx | −$33.1k | −$5.22 |
| NOI | $77.2k | $12.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lincoln City
- County
- Lincoln
- State
- Oregon
- Longitude
- -124.017337
- Latitude
- 44.929443
