Ocean-Side Office-Retail
For Sale
$3,000,000
531 N Hwy 101, Depoe Bay, OR 97341
For sale mixed office and retail building along Oregon’s coastal corridor in a heavily traveled tourist destination.
Property Size11,240 SF
Price / SF$266.90
Days on Market144
Property Features for 531 N Hwy 101
General Information
Standard status
Active
Size
11,240 SF
Building Details
Year Built
1978
Listing Agency:
Zenith Realty, LLC
Listed By:
Priscilla Beggs · License #971100070
(503) 580-2941
Source:
Wyndeekono
Added: Jun 3
Changed: Oct 6
Last Checked: Oct 7 at 3:06PM
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 Zenith Realty, LLC
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Investment Insights
Based on property information with market context.
This offering is a large office-retail building configured to serve both business and storefront needs. The property is positioned on the ocean side of Highway 101 and is being marketed for investors and owner-users. Drive-bys are welcome, and current occupants should not be disturbed.
The building sits in Depoe Bay, Oregon, a popular coastal tourist destination. The Highway 101 location is described as heavily traveled, supporting steady visibility for retail and customer-facing uses, while the office component can support professional tenants requiring dedicated workspace.
For buyers looking for an owner-occupant arrangement, the mix of office and retail space may allow a single operator to combine back-office or professional functions with a storefront component. For investors, the same mix offers flexibility for tenanting different use types within one building. The seller is motivated and is seeking an acceptable offer as soon as possible.
The building sits in Depoe Bay, Oregon, a popular coastal tourist destination. The Highway 101 location is described as heavily traveled, supporting steady visibility for retail and customer-facing uses, while the office component can support professional tenants requiring dedicated workspace.
For buyers looking for an owner-occupant arrangement, the mix of office and retail space may allow a single operator to combine back-office or professional functions with a storefront component. For investors, the same mix offers flexibility for tenanting different use types within one building. The seller is motivated and is seeking an acceptable offer as soon as possible.
Key Highlights
- Mixed office and retail building along Oregon’s coastal corridor in Depoe Bay
- Year built: 1978
- Large office‑retail building on the ocean side of Hwy 101 in a heavily traveled tourist destination
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,795
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,735,900
$2.7M
Cap Rate 7%
$1,954,214
$2.0M
Cap Rate 9%
$1,519,944
$1.5M
Market Conditions
NOI Build-Up for 11,240 SF
Gross rent
$202.3K $18.00/SF
− Vacancy
−$6.9K −$0.61/SF
EGI
$195.4K $17.39/SF
− OpEx
−$58.6K −$5.22/SF
NOI
$136.8K $12.17/SF
Area
Lincoln County, OR
Vacancy
3.41%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,735,900
Cap Rate 7%
$1,954,214
Cap Rate 9%
$1,519,944
Alternative Uses
Best Use
Retail
$1.95M
$1.71M – $2.28M
NOI $136,795 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.93M
$2.57M – $3.42M
NOI $205,223 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
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Business Placement
Demographics for 97341, OR
2,659
Population
2,693
Households
1
Avg Household Size
60
Median Age
32%
College-Educated
98%
High-School Grad
9.9 sq mi
ZIP Area
269
Density / Sq Mi
$62,917
Median Household Income
$47,273
Median Earnings
$1,316
Median Rent
$344,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - For sale mixed office and retail building along Oregon’s coastal corridor in a heavily traveled tourist destination.
Where is this retail space located?
The property is located at 531 N Hwy 101 Depoe Bay, OR.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Mixed office and retail building along Oregon’s coastal corridor in Depoe Bay; Year built: 1978; Large office‑retail building on the ocean side of Hwy 101 in a heavily traveled tourist destination
