Flex Space with Fenced
855 & 955 NE Alsea Highway, Waldport, OR 97394
For Sale
$1,675,000
Commercial Sale, Waldport, OR
Property Size8,641 SF
Lot Size4.42 Acres
Price / SF$193.84
Days on Market429
Property Features for 855 & 955 NE Alsea Highway
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
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Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Building materials
Roof type
Additional Structures
Buildings
Listing Agency:
Taylor & Taylor Realty Company
(800) 462-0197
Listed By:
Dennis M Regen · License OR #810604051
(541) 994-4169
Added: Sep 13, 2025
Changed: Oct 23
Last Checked: Nov 15 at 5:06AM
MLS# LC-104846
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.
Set on 4.42 acres, this flex property includes an 8,641-square-foot industrial building and a separate office building. The main structure has 10 garage doors, and the yard is fenced. Paved parking is also on site.
The property has two access points from Highway 34 and is zoned I-P Planned Industrial. Potential uses identified for this zoning include manufacturing, processing, assembly, storage, or repair; buyers should confirm permitted uses with the city and county. Water is available, with public water service and a septic tank.
The property has two access points from Highway 34 and is zoned I-P Planned Industrial. Potential uses identified for this zoning include manufacturing, processing, assembly, storage, or repair; buyers should confirm permitted uses with the city and county. Water is available, with public water service and a septic tank.
Key Highlights
- 4.42‑acre industrial property
- 8,641‑square‑foot main building with 10 garage doors
- Separate office building and fenced yard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,096
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,121,920
$2.1M
Cap Rate 7%
$1,515,657
$1.5M
Cap Rate 9%
$1,178,844
$1.2M
Market Conditions
NOI Build-Up for 8,641 SF
Gross rent
$129.6K $15.00/SF
− Vacancy
−$4.8K −$0.56/SF
EGI
$124.8K $14.45/SF
− OpEx
−$18.7K −$2.17/SF
NOI
$106.1K $12.28/SF
Area
Lincoln County, OR
Vacancy
3.70%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,121,920
Cap Rate 7%
$1,515,657
Cap Rate 9%
$1,178,844
Alternative Uses
Best Use
Warehouse
$1.52M
$1.33M – $1.77M
NOI $106,096 @ 7.0% cap · market cap 6.33%
Second Best
Industrial
$1.25M
$1.09M – $1.46M
NOI $87,373 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,769 @ 7.0% cap · market cap 9.42%
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
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97394, OR
5,361
Population
3,686
Households
1.5
Avg Household Size
59
Median Age
28%
College-Educated
95%
High-School Grad
51.7 sq mi
ZIP Area
104
Density / Sq Mi
$57,708
Median Household Income
$31,690
Median Earnings
$1,104
Median Rent
$354,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - The industrial property has a separate office building, a secured yard, and two access points from Highway 34.
Where is this flex space located?
The property is located at 855 & 955 NE Alsea Highway Waldport, OR.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: 4.42‑acre industrial property; 8,641‑square‑foot main building with 10 garage doors; Separate office building and fenced yard
