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    674 Highway 101 Depoe Bay, OR 97341
    Property profile & analytics

    674 Highway 101 Depoe Bay, OR 97341

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    • Commercial real estate
    • 2,168 SF
    Off-Market
    Property ID
    US71-0634583
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 674 Highway 101

    Year built
    1978
    Property size
    2,168 SF
    Property type
    Commercial real estate

    Description

    Prime commercial real estate opportunity in Depoe Bay, Oregon, awaits! This .55-acre (23,958 sq ft) lot at 674 Highway 101 boasts a versatile C-1 zoning, ideal for multiple business ventures. The property includes a charming two-story, 2,168 sq ft home built in 1978, offering five bedrooms. A substantial 50x24 foot shop provides ample space for boat storage, vehicle storage, or business operations. A generously sized woodshed adds to the property's functionality. Located near Depoe Bay's harbor and whale watching attractions, this property presents exceptional potential for short-term rentals, retail businesses, or a combination thereof. The high-traffic Highway 101 frontage ensures excellent visibility and accessibility. This unique offering combines residential comfort with significant commercial possibilities in one of Oregon's most desirable coastal destinations. The asking price is $795,000. Don't miss this chance to own a piece of the Oregon coast's vibrant commercial landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Depoe Bay
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.061109
    Latitude
    44.8037253

    Comparable in this City

    • $995,000
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      Depoe Bay Investment 4-Plex

      Desirable 4-plex in Depoe Bay with good rental history.
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    • $850,000
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      Ocean View Vacation Rental Property

      Successful vacation rental with ocean views and separate units.
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      Depoe Bay Multifamily with Ocean Views

      Successful vacation rental property with two units and ocean views.
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    • $122,000
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      Oversized Lot in Depoe Bay

      Residential land in Lincoln Beach area, close to amenities.
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    • $107,000
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      Residential Land in Depoe Bay

      Large residential lot in coastal Depoe Bay, Oregon.
      500 E Collins St, Depoe Bay, OR 97341
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    • $110,000
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      Depoe Bay Land For Sale

      Flat 0.17-acre lot in Depoe Bay, ready for building.
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    Similar Nearby for Sale

    • $995,000
      4,005 SF

      Depoe Bay Investment 4-Plex

      Desirable 4-plex in Depoe Bay with good rental history.
      131 SE Ainslee Ave, Depoe Bay, OR 97341
      View Details
    • $850,000
      2,310 SF

      Ocean View Vacation Rental Property

      Successful vacation rental with ocean views and separate units.
      318 Highway 101 N, Depoe Bay, OR 97341
      View Details
    • $850,000
      2,310 SF

      Depoe Bay Multifamily with Ocean Views

      Successful vacation rental property with two units and ocean views.
      318 Highway 101 N, Depoe Bay, OR 97341
      View Details
    • $122,000
      0.33 Acres

      Oversized Lot in Depoe Bay

      Residential land in Lincoln Beach area, close to amenities.
      TL7900 Piano Ct, Depoe Bay, OR 97341
      View Details
    • $107,000
      0.40 Acres

      Residential Land in Depoe Bay

      Large residential lot in coastal Depoe Bay, Oregon.
      500 E Collins St, Depoe Bay, OR 97341
      View Details
    • $110,000
      0.17 Acres

      Depoe Bay Land For Sale

      Flat 0.17-acre lot in Depoe Bay, ready for building.
      4400 Gary Pl, Depoe Bay, OR 97341
      View Details
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    Depoe Bay, OR 97341
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    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
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