Retail Space with Off-Street
For Sale
$799,000
909 U.S 101, Lincoln City, OR 97367
Commercial Sale, Lincoln City, OR
Property Size3,120 SF
Lot Size0.23 Acres
Price / SF$256.09
Days on Market143
Property Features for 909 U.S 101
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC - General Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Off Street
Directions
Across from Mazatlan Restaurant and neighbors with Samaritan Clinic
Standard status
Active
APN
07111512
Size
3,120 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3871
Building Details
Year built
1950
Floors in Building
1
Flooring type
Vinyl
Building materials
Wood Siding
Roof type
Metal
Listing Agency:
Taylor & Taylor Realty Company
(800) 462-0197
Listed By:
Robert Vincent · License #201235569
(541) 921-9856
Added: May 15
Changed: Oct 3
Last Checked: Oct 4 at 6:06PM
MLS# 26-1329
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.
Investment Insights
Based on property information with market context.
This 3,120-square-foot retail property occupies a 0.23-acre site and was built in 1950. The building has wood siding, vinyl flooring, a metal roof, and two bathrooms. Off-street parking is available, and the zoning is GC - General Commercial.
The property is at 909 U.S. 101 in Lincoln City, with the mall, downtown shops, Devils Lake, and Oregon Coast beaches identified as nearby destinations.
The property is at 909 U.S. 101 in Lincoln City, with the mall, downtown shops, Devils Lake, and Oregon Coast beaches identified as nearby destinations.
Key Highlights
- 3,120 square feet on a 0.23‑acre site
- Built in 1950 with wood siding, vinyl flooring, and a metal roof
- GC - General Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,971
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$759,420
$759.4K
Cap Rate 7%
$542,443
$542.4K
Cap Rate 9%
$421,900
$421.9K
Market Conditions
NOI Build-Up for 3,120 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$56.2K $18.00/SF
− Vacancy
−$1.9K −$0.61/SF
EGI
$54.2K $17.39/SF
− OpEx
−$16.3K −$5.22/SF
NOI
$38.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$759,420
Cap Rate 7%
$542,443
Cap Rate 9%
$421,900
Alternative Uses
Best Use
Retail
$542.4K
$474.6K – $632.9K
NOI $37,971 @ 7.0% cap · market cap 4.75%
Second Best
Specialty Retail
$463.6K
$405.6K – $540.8K
NOI $32,449 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$813.8K
$712.1K – $949.4K
NOI $56,966 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
439
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 94%
Shops & Services 6%
Dutch Bros. Coffee
Dining
15,850 visits/mo
0.1 miles
Mazatlan Mexican Restaurant
Dining
5,161 visits/mo
0.1 miles
First Interstate Bank
Shops & Services
1,355 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - General Commercial zoning supports a range of business uses in this Lincoln City property.
Where is this retail space located?
The property is located at 909 U.S 101 Lincoln City, OR.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 3,120 square feet on a 0.23‑acre site; Built in 1950 with wood siding, vinyl flooring, and a metal roof; GC - General Commercial zoning
