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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Office Spaces
1140 Hwy 101, Lincoln City, OR 97367-3240
Entity Owned
~
Est. High Equity
Property ID
US71-1782994
Property summary
AI-generated overview
This single-tenant office building, located at 1140 NE Hwy 101 in Lincoln City, Oregon, presents a unique investment opportunity. The 1,130 square foot building sits on a 0.14-acre lot and boasts excellent visibility due to its Highway 101 frontage in the bustling Oceanlake area of Lincoln City. Constructed in 1984, this one-story structure offers ample parking with six spaces available. The property is zoned GC - General Commercial, providing flexibility for a variety of uses. Interested parties should contact the City of Lincoln City to confirm permitted uses within the GC zoning designation. The entire 1,130 square feet is currently vacant, making it ideal for immediate occupancy. The building's address is 1140 NE Hwy 101, Lincoln City, OR 97367, with a cross street of NE 12th. This property is conveniently located in Lincoln County and offers a rare chance to establish a business in a high-traffic area. Showings are by appointment only.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1984
Construction
WOOD
Total area
1,130 SF
Lot
0.14 ac (6,098 SF)
Zoning code
G-C;GENERAL COMMERCIAL
APN
07-11-10-DC-05700-00
UPID
US71-1782994
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$491k
Blend (final)
Blend
$515k
Owner & transaction history
Hke Investments LLC
Hke Investments LLC
since 2025
Last sale
$540,000
2 recorded transactions
Zoning & alternative use
G-C;GENERAL COMMERCIAL · Lincoln City, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lincoln City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $540k (Jun 5 2025)
Last sale anchor
$540k
Jun 5 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$456 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,055
Tax year 2023
Assessed value
$237,490
Assessed 2023
Previous assessed
$230,580
+3.0% YoY
Effective rate
1.71%
On assessed value
Land market value
$201,160
Improvement market value
$171,600
Total market value
$372,760
Applied tax rate
402.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
NONE
Buildings
4
Total area
1,130 SF
Lot
0.14 ac (6,098 SF)
Zoning code
G-C;GENERAL COMMERCIAL
APN
07-11-10-DC-05700-00
UPID
US71-1782994
Jurisdiction
LINCOLN
Zoning & alternative use
G-C;GENERAL COMMERCIAL · Lincoln City, OR
Zoning G-C;GENERAL COMMERCIAL · permitted uses
G-C;GENERAL COMMERCIAL · Lincoln City, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
WOOD
Heating
NONE
Buildings
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
Hke Investments LLC
Entity
Mailing address
1140 NE HWY 101, LINCOLN CITY, OR 97367-3240
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2025
$540,000
Hke Investments LLC
Loretta L Hollingsworth
Warranty Deed
$495,000 · Loretta L Hollingsworth Etal
Dec 4, 2008
$48,000
Robert Hollinsworth
Hollingsworth,robert & Loretta L
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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