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    20 Willow St Depoe Bay, OR 97341

    Sponsored
    For Sale
    $800,000

    Oregon Coast Commercial Investment

    Property size:
    3,480 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional Depoe Bay, Oregon property presents a rare opportunity for a mixed-use investment. Located at 20 Willow Street, this offering encompasses three lots totaling 16,988.4 square feet, with 200 feet of Highway 101 frontage. The property includes three remodeled buildings, providing versatile commercial and residential space. The main building features a completely remodeled office/living unit, boasting upgraded foundation work, new insulation, drywall, windows, patio door, roofs, heating/AC system, electrical panel, kitchen, and interior/exterior paint. A large 26' x 40' shop is equipped with three large roll-up doors, ideal for various commercial uses. An additional 20' x 35' garage/shop unit is also available, previously used as a welding shop and capable of being rewired for 600 amps. The property is zoned commercial, and the county has confirmed that the vacant lot can be connected to county water and sewer. This unique offering combines the benefits of a prime commercial location with the appeal of coastal living, making it an ideal investment for entrepreneurs and families alike. The buildings total 3,480 square feet and were built in 1993. The asking price for the front two lots and three buildings is $800,000

    Property Features for 20 Willow St

    General Information

    Property type
    Automotive properties
    Square Feet
    3,480 SF

    Building Details

    Year Built
    1993

    We can help!

    Listing Contact
    Nancy Moore

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Wholesale Shop Department Store Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Depoe Bay
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.0446446
    Latitude
    44.8499923

    Nearby Comparable

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      Gleneden Beach Rental Portfolio

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      Gleneden Beach Commercial Land

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    Nearby Similar for Sale

    • $850,000
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    • $850,000
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      Depoe Bay Multifamily with Ocean Views

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    • $299,900
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      Highway 101 Retail Property

      Commercial property with parking and highway frontage in Depoe Bay.
      3885 Highway 101 N, Depoe Bay, OR 97341
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    • $1,050,000
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      Depoe Bay Investment 4-Plex

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    • $250,000

      Cannabis Retail Space Opportunity

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    FAQs

    What type of property is this?
    Automotive property - Oregon Coast Commercial Investment
    Where is this automotive property located?
    The property is located at 20 Willow St Depoe Bay, OR.
    What is the asking price?
    The asking price for this property is $800,000.
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    20 Willow St Depoe Bay, OR 97341
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    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
    20 Willow St Depoe Bay, OR 97341
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    Listing Contact
    Nancy Moore
    Learn more
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