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    246 6TH St Port Orford, OR 97465

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    Claim this Listing
    For Sale
    $625,000

    MULTI_FAMILY - PortOrford, OR

    Property size:
    6,000 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $104/SF
    Added:
    Jun 27, 2025
    Days on Market:
    308
    Last Refresh:
    Apr 30 at 1:06 pm

    Property Features for 246 6TH St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    C4
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1
    Standard status
    Active
    APN
    R22560
    Size
    6,000 SF
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Description
    TRS 3315-05DA Tax Lots 4601 & 4301
    Tax Annual Amount
    2925

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1895
    Floors in Building
    2
    Number of units
    4
    Roof type
    Composition

    We can help!

    Listing Contact
    Paul Lambright
    Paul Lambright

    Listing agent Paul Lambright

    Listing office Neath The Wind Realty, Inc. 736 Highway101, Port Orford, OR

    Listing date Jun 27, 2025

    MLS# 296149405 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building with Ocean Views

    This mixed-use property features a commercial storefront and three apartments, each 450 square feet, on the second story, providing additional income potential. The property also includes a 1500 square foot penthouse apartment with ocean views. The main level offers 3000 square feet of space with large display windows and 101 feet of frontage. Constructed in 1895, the building has a layout suitable for multiple businesses. Located across the street from the beach and surrounded by restaurants and galleries, the property includes parking in the rear. The lot size is 0.08 acres. The property is located in Port Orford, Oregon, and is zoned C4.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Restaurant Dental Office Building Supply Spa & Massage Center Auto Repair Shop Big Box & Wholesale Store Hair Salon Gym & Fitness Center Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Port Orford
    County
    Curry
    State
    Oregon
    Longitude
    -124.493816
    Latitude
    42.743754

    Nearby Similar for Sale

    • $925,000

      Versatile Multi-Family Property on Acreage

      Multi-family property on 3.36 acres near the coast.
      42793 KREIGER Ln, PortOrford, OR 97465
      View Details
    • $350,000

      Private Acreage with Valley Views

      Secluded 2.09-acre property with yurt, utilities, and valley views.
      HENSLEY HILL Rd, PortOrford, OR 97465
      View Details
    • $815,000

      Coastal Ranch with Ocean Views

      93+ acre coastal ranch near Oregon's southern coastline.
      38097 PACIFIC HIGHLANDS Dr, PortOrford, OR 97465
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with storefront and apartments, ocean views.
    Where is this mixed-use property located?
    The property is located at 246 6TH St Port Orford, OR.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Stunning 1500sf Penthouse Apartment with Ocean Views; 3000sf Commercial Store Frontage with Large Display Windows and 101 Frontage; Three 450sf Apartments on Second Story for Additional Income
    (541) 366-1012
    We can help!
    Listing Contact
    Paul Lambright
    Paul Lambright
    Learn More
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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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