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Property profile & analytics
OFF-MARKET
Retail space

3447 Hwy 101st N Gearhart, OR 97138-4317

0.51 ac lot Built 1930
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US71-1594581
Property summary
AI-generated overview

This exceptional commercial property, located at 3447 N Highway 101, Unit 3447 in Gearhart, Oregon, presents a unique investment opportunity. Boasting 2,558 square feet on a 1.05-acre lot, this building offers significant highway exposure in the desirable coastal town of Gearhart. The property features a welcoming lobby, a large open space with a fireplace and recessed lighting, and ample power and internet outlets throughout. Abundant natural light streams in through numerous windows. A separate office with its own entrance leads to a stunning wrap-around deck, perfect for relaxation or client meetings. The main floor also includes a convenient bathroom and kitchen, ideal for a break room or employee area. Upstairs, a second bathroom and four separate rooms provide versatile space for various uses. A spacious basement offers ample storage. The building is equipped with heating and air conditioning for year-round comfort. Exterior features include a private parking lot with over 20 spaces and a pleasant yard. This property is ready for immediate occupancy and offers endless possibilities for a variety of commercial ventures. The asking price is $894,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1930
Lot 0.51 ac (22,216 SF)
APN 61010BA00300
UPID US71-1594581
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
by Request
Blend (final) Blend
by Request
Owner & transaction history
Driftwood Property Group LLC
Driftwood Property Group LLC
since 2026
2 recorded transactions
2026
Price N/A
2026
$650,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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