Highway Storefront
For Sale
$475,000
1112 SW Coast Highway, Newport, OR 97365
Commercial Sale, Newport, OR
Property Size1,998 SF
Lot Size0.11 Acres
Price / SF$237.74
Days on Market141
Property Features for 1112 SW Coast Highway
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C-1 Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
3
Accessibility
Accessible Approach with Ramp
Appliances
Dishwasher, Microwave, Water Heater, Refrigerator
Subdivision
Bayley and Case's
Directions
North of Newport bridge on the west side of HWY 101
Standard status
Active
APN
111108CC-6600-00
Size
1,998 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4788
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Water source
Public
Amenities
deeded parking
Building Details
Year built
1984
Floors in Building
2
Flooring type
Carpet, Vinyl
Building materials
Concrete, Cedar
Roof type
Composition
Listing Agency:
Martek Real Estate
(541) 265-8785
Listed By:
Michael T Burkhard · License #201235321
(541) 961-9544
Added: Apr 17
Changed: Aug 19
Last Checked: Sep 4 at 7:06PM
MLS# 26-1013
Copyright © 2026 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This storefront property at 1112 SW Coast Highway contains 1,998 square feet of professional space on a 0.11-acre parcel. Built in 1984, the building has concrete and cedar construction, composition roofing, carpet and vinyl flooring, two bathrooms, and a selection of on-site appliances including a dishwasher, microwave, water heater, and refrigerator. The property is offered as-is.
Located along Highway 101 in Newport, the site has public water and public sewer service, with water available. An accessible approach with ramp provides entry accommodation, while deeded parking is included with the property. C-1 Commercial zoning supports its established commercial classification.
Located along Highway 101 in Newport, the site has public water and public sewer service, with water available. An accessible approach with ramp provides entry accommodation, while deeded parking is included with the property. C-1 Commercial zoning supports its established commercial classification.
Key Highlights
- 1,998‑square‑foot storefront property on a 0.11‑acre parcel
- Located along Highway 101 at 1112 SW Coast Highway, Newport
- C‑1 Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,738
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$614,760
$614.8K
Cap Rate 7%
$439,114
$439.1K
Cap Rate 9%
$341,533
$341.5K
Market Conditions
NOI Build-Up for 1,998 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$53.2K $26.64/SF
− Vacancy
−$12.2K −$6.13/SF
EGI
$41.0K $20.51/SF
− OpEx
−$10.2K −$5.13/SF
NOI
$30.7K $15.38/SF
Area
Lincoln County, OR
Vacancy
23.00%
Lease Rate
$26.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$614,760
Cap Rate 7%
$439,114
Cap Rate 9%
$341,533
Alternative Uses
Best Use
Office B
$439.1K
$384.2K – $512.3K
NOI $30,738 @ 7.0% cap · market cap 6.47%
Second Best
Retail
$347.4K
$304.0K – $405.3K
NOI $24,316 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$521.1K
$456.0K – $608.0K
NOI $36,480 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
762
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97365, OR
10,806
Population
6,026
Households
1.8
Avg Household Size
47
Median Age
31%
College-Educated
91%
High-School Grad
41.5 sq mi
ZIP Area
260
Density / Sq Mi
$60,736
Median Household Income
$30,963
Median Earnings
$1,155
Median Rent
$418,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - The building includes deeded parking, an accessible ramp approach, and C-1 Commercial zoning.
Where is this storefront property located?
The property is located at 1112 SW Coast Highway Newport, OR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,998‑square‑foot storefront property on a 0.11‑acre parcel; Located along Highway 101 at 1112 SW Coast Highway, Newport; C‑1 Commercial zoning
