Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2273 Highway 101 SW Lincoln City, OR 97367

    • Commercial land
    • 1,360 SF
    • 0.69 lot acres
    For Sale
    View listing
    $350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0780360
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial land

    Property Details for 2273 Highway 101 SW

    Lot size
    0.69 lot acres
    Property size
    1,360 SF
    Zone code
    G-C;GENERAL COMMERCIAL
    Property type
    Commercial land
    APN
    07-11-22-AD-01900-00
    APU
    071122AD0190000

    Description

    This exceptional 30,492 square foot commercial property in Lincoln City, Oregon, boasts 210 feet of prime highway frontage on Highway 101. Zoned GC - General Commercial, this lot presents significant development potential. The asking price is $415,500, translating to $13.62 per square foot. Currently generating income from a month-to-month lease of $700 per month for construction equipment storage and an existing billboard generating $3,700 annually. All Site Development Contributions (SDC) fees have been paid, as evidenced by documentation available from City planning. Buyers are responsible for verifying permitted uses with the City and County of Lincoln. This property offers a unique blend of immediate income potential and long-term development opportunities, making it an attractive investment in a desirable Oregon coastal location. The property's location on Highway 101 ensures high visibility and accessibility. The existing income streams provide a solid foundation for immediate return on investment, while the expansive lot size and general commercial zoning allow for a wide range of potential future uses. Detailed information regarding the paid SDC fees is available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $499,000
      Market price range: $387k - $725k
      AI Estimate
      $502,000
      Market price range: $387k - $728k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln City
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.014
    Latitude
    44.9519
    CBSA code
    35440
    CBSA name
    NEWPORT, OR MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,129
    $0.00
    $0.00
    $241,780
    -
    $412,860
    $0.00
    $412,860

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      Lincoln City, OR 97367

      VACANT COMMERCIAL LAND • 0.01 Acres
      Lincoln City, OR 97367
      View Details
    • Value Estimation by Request
      0.12 Acres

      2236 Hwy 101

      VACANT COMMERCIAL LAND • 0.12 Acres
      2236 Hwy 101, Lincoln City, OR 97367
      View Details
    • Value Estimation by Request
      0.12 Acres

      1 Hwy 101

      VACANT COMMERCIAL LAND • 0.12 Acres
      1 Hwy 101, Lincoln City, OR 97367-3100
      View Details
    • Value Estimation by Request
      0.01 Acres

      Lincoln City, OR 97367

      VACANT COMMERCIAL LAND • 0.01 Acres
      Lincoln City, OR 97367
      View Details
    • Value Estimation by Request
      0.11 Acres

      Lincoln City, OR 97367

      VACANT COMMERCIAL LAND • 0.11 Acres
      Lincoln City, OR 97367
      View Details
    • Value Estimation by Request
      0.10 Acres

      Lincoln City, OR 97367

      VACANT COMMERCIAL LAND • 0.10 Acres
      Lincoln City, OR 97367
      View Details

    Similar Nearby for Sale

    • $1,056,325
      0.97 Acres

      Highway 101 Commercial Acreage

      Commercial land with highway frontage in Nelscott Neighborhood.
      3000 Tl 13605, Lincoln City, OR 97367
      View Details
    • $75,000
      0.06 Acres

      Commercial Land in Lincoln City

      Commercial zoned land parcel in Lincoln City, Oregon.
      1200 NW Dr, Lincoln City, OR 97367
      View Details
    • $1,579,000

      3.98 Acres in Lincoln City

      3.98 acres with commercial, industrial, and residential zoning.
      2240 Highway 101 SE, Lincoln City, OR 97367
      View Details
    • $425,000
      0.27 Acres

      Highway Frontage in Lincoln City

      Prime commercial land with highway frontage and excellent visibility.
      2820 Highway 101 NE, Lincoln City, OR 97367
      View Details
    • New
      $2,250,000
      2.10 Acres

      Highway Frontage Commercial Acreage

      2.10 acres of commercial land with highway frontage.
      3000 & Tl 13605, Lincoln City, OR 97367
      View Details
    • $599,000

      Highway Frontage Commercial Lot

      Prime commercial land in Lincoln City's Opportunity Zone.
      2930 Highway 101 Ne, Lincoln City, OR 97367
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,702 SF

      Retail Space on Highway 101

      Standalone retail building in a high-visibility location.
      900 Highway 101 SE, Lincoln City, OR 97367
      View Details
    • Contact for pricing
      1,800 SF

      Lincoln City Plaza Retail Space

      Prime Lincoln City retail space available.
      4041 Logan Rd, Lincoln City, OR 97367
      View Details
    • $15 SF/Yr
      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
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2273 Highway 101 SW
    Lincoln City, OR 97367
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.