Mixed-Use Building with
For Sale
$895,000
4787 SW Highway 101, Lincoln City, OR 97367
Commercial Sale, Lincoln City, OR
Property Size6,346 SF
Lot Size0.26 Acres
Price / SF$141.03
Days on Market991
Property Features for 4787 SW Highway 101
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
TVC - Taft Village Core
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking features
Garage - Attached
Appliances
Dishwasher, Water Heater, Refrigerator, Dishwasher, Water Heater, Refrigerator
Subdivision
Taft
Lot features
Level
Directions
Hwy 101 to Taft to address
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
Buildings
1
Listing Agency:
Taylor & Taylor Realty Company
(800) 462-0197
Listed By:
Tamara L. Zimmerman · License #961000002
(541) 921-0220
Added: Feb 17, 2024
Changed: Oct 28
Last Checked: Nov 3 at 3:06PM
MLS# LC-100064
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.
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Investment Insights
Based on property information with market context.
This mixed-use property contains 6,346 square feet on a 0.26-acre parcel. Built in 1955, the building includes an apartment and an attached garage, with electric heat and a metal roof. Public water and sewer serve the property.
The parcel is at the corner of Highway 101 and SW Highway 101 in Lincoln City, within the Taft Village Core zoning district.
The parcel is at the corner of Highway 101 and SW Highway 101 in Lincoln City, within the Taft Village Core zoning district.
Key Highlights
- 6,346‑square‑foot building on a 0.26‑acre parcel
- Apartment and attached garage
- TVC - Taft Village Core zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,161
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,220
$1.2M
Cap Rate 7%
$830,871
$830.9K
Cap Rate 9%
$646,233
$646.2K
Market Conditions
NOI Build-Up for 6,346 SF
Gross rent
$99.0K $15.60/SF
− Vacancy
−$5.9K −$0.94/SF
EGI
$93.1K $14.66/SF
− OpEx
−$34.9K −$5.50/SF
NOI
$58.2K $9.17/SF
Area
Lincoln County, OR
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,220
Cap Rate 7%
$830,871
Cap Rate 9%
$646,233
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 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
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
225
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property includes an apartment, an attached garage, and public water and sewer service.
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: 6,346‑square‑foot building on a 0.26‑acre parcel; Apartment and attached garage; TVC - Taft Village Core zoning
