Mixed-Use Office-Retail
For Sale
$3,000,000
531 N Hwy 101, Depoe Bay, OR 97341
Commercial Sale, Depoe Bay, OR
Property Size11,240 SF
Lot Size0.73 Acres
Price / SF$266.90
Days on Market1944
Property Features for 531 N Hwy 101
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-1 Commercial
Bathrooms
12
Full bathrooms
12
Rooms
Bathroom 4, Bathroom 6, Bathroom 2, Bathroom 1, Bathroom 3, Bathroom 7, Bathroom 11, Bathroom 10, Bathroom 12, Bathroom 5, Bathroom 9, Bathroom 8
Appliances
Water Heater, Water Heater
Subdivision
Sundowne
Directions
Hwy 101 to Depoe Bay; Mall 101 on W side of highway
Standard status
Active
APN
091105CA-5001-00
Size
11,240 SF
Lot size
0.73 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
office, retail
Property Use
Office-Retail
Taxes and HOA fees
Tax Year
2021
Tax Annual Amount
8092
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Electric, Central Air
Water source
Public
Water front
1
Building Details
Year built
1978
Floors in Building
2
Flooring type
Vinyl, Carpet
Building materials
Concrete, Vinyl Siding, Lap Siding
Roof type
Built-Up
Buildings
1
Listing Agency:
Zenith Realty, LLC
Listed By:
Priscilla Beggs · License #971100070
(503) 580-2941
Added: Jul 7, 2021
Changed: Nov 1
Last Checked: Nov 1 at 1:06PM
MLS# LC-94149
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 office and retail building contains 11,240 square feet on a 0.73-acre site. Built in 1978, the property is zoned C-1 Commercial and includes ocean views.
The building is on the ocean side of Hwy 101 in Depoe Bay, an Oregon coastal tourist destination. Public water and sewer are available.
The building is on the ocean side of Hwy 101 in Depoe Bay, an Oregon coastal tourist destination. Public water and sewer are available.
Key Highlights
- 11,240‑square‑foot office and retail building
- 0.73‑acre site
- C‑1 Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,923
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,458,460
$3.5M
Cap Rate 7%
$2,470,329
$2.5M
Cap Rate 9%
$1,921,367
$1.9M
Market Conditions
NOI Build-Up for 11,240 SF
Gross rent
$299.4K $26.64/SF
− Vacancy
−$68.9K −$6.13/SF
EGI
$230.6K $20.51/SF
− OpEx
−$57.6K −$5.13/SF
NOI
$172.9K $15.38/SF
Area
Lincoln County, OR
Vacancy
23.00%
Lease Rate
$26.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,458,460
Cap Rate 7%
$2,470,329
Cap Rate 9%
$1,921,367
Alternative Uses
Best Use
Office B
$2.47M
$2.16M – $2.88M
NOI $172,923 @ 7.0% cap · market cap 5.76%
Second Best
Retail
$1.95M
$1.71M – $2.28M
NOI $136,795 @ 7.0% cap · market cap 4.56%
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
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
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 Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The C-1-zoned property combines office and retail space with ocean views along the Oregon coast.
Where is this mixed-use property 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: 11,240‑square‑foot office and retail building; 0.73‑acre site; C‑1 Commercial zoning
