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    Logan Rd Lincoln City, OR 97367
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    Logan Rd Lincoln City, OR 97367

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    • Retail properties & Spaces
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    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Logan Rd

    Property type
    Retail properties & Spaces

    Description

    This exceptional 1,800 square foot retail space is situated in Lincoln City, Oregon's vibrant Lincoln City Plaza, a bustling shopping and entertainment center. Located on NW Logan Rd, 97367, this mixed-use property offers unparalleled visibility and accessibility from the high-traffic Highway 101, ensuring significant foot and vehicle traffic. The plaza boasts abundant parking for customers and employees alike, adding to its convenience. This prime location benefits from being anchored by major retailers such as Safeway, Jo-Ann Fabrics, Rite Aid, and AutoZone, attracting a substantial customer base. The property's proximity to the Chinook Winds Casino, a leading regional tourist attraction, further enhances its appeal. The surrounding area is home to a diverse range of businesses, including Walgreens, Pig ‘N Pancake, Dollar Tree, McMenamins Lighthouse Brewpub, and McDonald's, creating a synergistic retail environment. The plaza experiences a significant influx of visitors, with an estimated 32,000 people from around the globe visiting during peak weekends and summer months, presenting a unique opportunity for businesses seeking high visibility and a large customer pool in a thriving coastal community. This space is perfect for a variety of retail uses and represents a strong investment opportunity in a high-traffic location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln City
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.008
    Latitude
    45.0085

    Comparable in this City

    • Value Estimation by Request

      4041 Logan Rd

      Retail properties & Spaces
      4041 Logan Rd, Lincoln City, OR 97367
      View Details
    • Value Estimation
      $645,000
      4,400 SF

      Lincoln City, OR 97367

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,400 SF
      Lincoln City, OR 97367
      View Details
    • Value Estimation
      $705,000
      6,675 SF

      1303 12th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,675 SF
      1303 12th St, Lincoln City, OR 97367-3357
      View Details
    • Value Estimation
      $1,275,000
      3,500 SF

      4031 Hwy 101

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,500 SF
      4031 Hwy 101, Lincoln City, OR 97367-5052
      View Details
    • Value Estimation
      $1,400,000
      1,710 SF

      2424 Hwy 101

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,710 SF
      2424 Hwy 101, Lincoln City, OR 97367-4148
      View Details
    • Value Estimation by Request
      600 SF

      1423 23rd Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 600 SF
      1423 23rd Dr, Lincoln City, OR 97367
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Rent

      Retail space available for rent in Lincoln City, Oregon.
      4041 NW Logan Rd, Lincoln City, OR 97367
      View Details
    • Contact for pricing
      18,500 SF

      Retail Space in Lincoln City

      Retail space with high visibility near Highway 101 available.
      4069 NW Logan Rd, Lincoln City, OR 97367
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    • Contact for pricing
      1,200 SF

      Retail Space in Shopping Hub

      Retail space with highway visibility in major shopping center.
      4157 NW Us 101, Lincoln City, OR 97367
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    • Contact for pricing
      1,702 SF

      Retail Space on Highway 101

      Standalone retail building in a high-visibility location.
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    Lincoln City, OR 97367
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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
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    Logan Rd, Lincoln City, OR, 97367
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