Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lincoln City Vacant Lot Title is generated by Realmo AI

    TL 5603 SW Anchor Avenue, Lincoln City, OR 97367

    View on Map
    Claim this Listing
    New
    For Sale
    $75,000

    LAND - Lincoln City, OR

    Lot size:
    0.17 Acres
    Added:
    May 29, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 2 at 6:06 am

    Property Features for TL 5603 SW Anchor Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    NCR - Nelscott Cottage Re
    Fencing
    Chain Link
    Standard status
    Active
    APN
    R502603
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    642

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Leah Michelson

    Listing agent Leah Michelson License #201229785

    Listing office Taylor & Taylor Realty Company 3891 NW Hwy 101, Lincoln City, OR

    Listing date May 29, 2026

    MLS# 26-1446 Listing URL

    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

    • Moments from Beach Access and Nelscott Beach
    • Ready for builder to bring your vision to life
    • Prime location near dining and shopping in the Nelscott District
    • Geo survey complete and on file; corner marked
    • Sewer in the back; water available
    • Nelscott Creek runs along the base elevation in the backyard

    Overview

    This vacant lot in Lincoln City, Oregon, presents an opportunity to build a beach getaway. Located moments from beach access, the property is situated near Nelscott Beach, offering access to sandy shoreline. The location also provides convenient access to dining options and shopping in the Nelscott District. The land has undergone some clearing to enhance visibility for construction planning. Corner markers are in place, and a geo survey is completed and on file. Nelscott Creek runs along the base elevation in the backyard. Sewer access is available in the back. The lot size is 0.17 acres. The zoning is NCR - Nelscott Cottage Re.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln City
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.022359
    Latitude
    44.945189

    Nearby Similar for Sale

    • $699,000
      3,648 SF

      Highway Frontage Commercial Building

      Fully leased commercial building with highway frontage in Lincoln City.
      2728 NE HWY 101, Lincoln City, OR 97367
      View Details
    • $1,450,000
      4,303 SF

      Lakefront Multifamily Property on Oregon Coast

      Barrier-free lakefront property with income potential in Lincoln City, Oregon.
      3445, 3447, 3449 NE 40th Court, Lincoln City, OR 97364
      View Details
    • $1,800,000
      12,300 SF

      Highway Frontage Commercial Building

      12,300 SF commercial building on Highway 101 frontage.
      1745 SW Hwy 101, Lincoln City, OR 97367
      View Details
    • $799,000
      2,738 SF

      Oceanview Triplex in Lincoln City

      Triplex with ocean views, close to beach and amenities.
      529 531 537 SW 32nd Street, Lincoln City, OR 97367
      View Details
    • $825,000
      336 SF

      Highway Frontage Commercial Property

      Commercial property with highway frontage in Lincoln City, Oregon.
      3632 NE Hwy 101, Lincoln City, OR 97367
      View Details
    • $899,999
      2,288 SF

      Oceanfront Duplex in Lincoln City

      Remodeled duplex with ocean views, near amenities, potential rental income.
      3549 NW JETTY Ave, LincolnCity, OR 97367
      View Details
    • $900,000
      7,562 SF

      Lincoln City Commercial Opportunity

      7,562 SF improved property on 0.48 acres, General Commercial zoning.
      2123 NE 36TH DR, Lincoln City, OR 97367
      View Details
    • $539,000
      3,090 SF

      Lincoln City Triplex Near Beach

      Well-maintained triplex in a quiet neighborhood near the beach.
      675 SE KEEL Ave, LincolnCity, OR 97367
      View Details
    • $719,000
      3,120 SF

      Prime Commercial Property, Lincoln City

      Commercial property in ideal location near shops, lake, and beaches.
      909 U.S. 101, Lincoln City, OR 97367
      View Details
    • $584,000
      1,840 SF

      Lincoln City Duplex and Lot

      Duplex with neighboring lot in great Lincoln City location.
      1032 SW 14th Street, Lincoln City, OR 97367
      View Details
    • $698,000
      1,628 SF

      Remodeled Commercial Building on Highway

      Remodeled commercial building with highway frontage in downtown Lincoln City.
      1316 NE Hwy 101, Lincoln City, OR 97367
      View Details
    • $849,900
      2,524 SF

      Remodeled Commercial Building on Highway 101

      Remodeled commercial building with indoor/outdoor seating and parking.
      1330 NE Hwy 101, Lincoln City, OR 97367
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Vacant lot near beach access, dining, and shopping.
    Where is this residential land & home lot located?
    The property is located at TL 5603 SW Anchor Avenue Lincoln City, OR.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Moments from Beach Access and Nelscott Beach; Ready for builder to bring your vision to life; Prime location near dining and shopping in the Nelscott District
    (503) 929-2412
    We can help!
    Listing Contact
    Leah Michelson
    Real Estate License ID: 201229785
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    TL 5603 SW Anchor Avenue, Lincoln City, OR 97367
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!