Property profile

1501 40th Pl Lincoln City, OR 97367

OFF-MARKET
Turn key restaurants
Property ID
US71-0473260
47,394 SF 4.42 ac lot Built 1967
Individually Owned 22-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1967
Construction WOOD
Total area 47,394 SF
Lot 4.42 ac (192,535 SF)
Zoning code RC;RECREATIONAL COMMERCIA
APN 07-11-03-A0-02300-00
UPID US71-0473260

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Atm

Location

1501 40th Pl Lincoln City, OR 97367-4811
Lincoln City metro Census 950303 NEWPORT, OR MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.70M
Blend (final) Blend
$11.70M

Owner & transaction history

since 2004
1 recorded transaction
2004
$36.0M

Zoning & alternative use

RC;RECREATIONAL COMMERCIA · Lincoln City, OR
Top alternative use upside
Commercial (general) $19.5M +66.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1501 40th Pl?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message