Property profile

2728 Highway 101 NE Lincoln City, OR 97367

FOR SALE
Office Spaces
Property ID
US71-0679979
1,824 SF 0.21 ac lot Built 1965
Individually Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Exceptional investment opportunity in Lincoln City, Oregon. This 3,268 square foot commercial building boasts a prime location on Highway 101, offering approximately 95 feet of high-visibility frontage. The property, built in 1965 and situated on an 8,712 square foot lot, includes 11 rental spaces: eight self-storage units and three business spaces, all currently fully leased to long-term tenants. The upper level comprises three office spaces totaling 1,824 square feet (Unit A: 455 sq ft, Unit B: 914 sq ft, Unit C: 455 sq ft), while the lower level houses the eight storage units, totaling 1,444 square feet. The property generates a substantial gross annual income of $40,344. Showings are by appointment only; please do not disturb tenants. This is a rare chance to acquire a well-established, high-income-producing commercial property in a desirable location. The property is zoned for commercial, executive office, traditional office, and storefront uses. This turnkey investment is ready for a new owner.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1965
Construction WOOD
Total area 1,824 SF
Lot 0.21 ac (9,148 SF)
Zoning code G-C;GENERAL COMMERCIAL
APN 07-11-11-BB-03601-00
UPID US71-0679979

Cap rate & NOI

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

Location

2728 Highway 101 NE Lincoln City, OR 97367
Lincoln City metro Census 950304 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
$519k
Blend (final) Blend
$595k

Owner & transaction history

since 2021
Last sale
$442,500
1 recorded transaction
2021
$442,500

Zoning & alternative use

G-C;GENERAL COMMERCIAL · Lincoln City, OR

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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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