Restaurant Property With
For Sale
$2,349,000
426 501 515 NW Coast Street, Newport, OR 97365
Commercial Sale, Newport, OR
Property Size6,505 SF
Lot Size0.69 Acres
Price / SF$361.11
Days on Market574
Property Features for 426 501 515 NW Coast Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2 General Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking
34
Parking features
Off Street
Accessibility
Accessible Approach with Ramp
Appliances
Water Heater, Refrigerator
Subdivision
Nye & Thompson
Lot features
Level
View
Ocean
Directions
From highway 101, turn west on W Olive Street. Follow W Olive Street and turn on north on NW Coast street. Follow NW Coast street to property. Property is located on west and east side of NW Coast street.
Standard status
Active
APN
111105CC-7900-00
Size
6,505 SF
Lot size
0.69 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12329
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1974
Floors in Building
1
Building materials
Concrete
Roof type
Membrane
Listing Agency:
Taylor & Taylor Realty Company
(800) 462-0197
Listed By:
Dennis M Regen · License #810604051
(541) 994-4169
Added: Feb 7, 2025
Changed: Aug 20
Last Checked: Sep 3 at 11:06PM
MLS# LC-103016
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 commercial restaurant property includes a 6,505-square-foot restaurant and bar building, two additional storefronts, and a separate parking lot on 0.69 acres. The sale includes existing furnishings, fixtures, and equipment within the restaurant space, along with the real estate associated with the storefronts. The storefront businesses are excluded from the sale, while both storefront spaces are currently leased.
All buildings have new PVC membrane roofing, supported by completed interior and exterior updates. The property is zoned C-2 General Commercial and was built in 1974. Additional features include concrete construction, forced-air heating, public water and sewer, off-street parking, and an accessible approach with ramp. The property is located at 426, 501, 515 NW Coast Street in Newport, Oregon.
All buildings have new PVC membrane roofing, supported by completed interior and exterior updates. The property is zoned C-2 General Commercial and was built in 1974. Additional features include concrete construction, forced-air heating, public water and sewer, off-street parking, and an accessible approach with ramp. The property is located at 426, 501, 515 NW Coast Street in Newport, Oregon.
Key Highlights
- 6,505‑square‑foot restaurant and bar building on 0.69 acres
- Two commercial storefronts are currently leased
- Sale includes existing restaurant furnishings, fixtures, and equipment
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
$79,168
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
3.37%
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%
$1,583,360
$1.6M
Cap Rate 7%
$1,130,971
$1.1M
Cap Rate 9%
$879,644
$879.6K
Market Conditions
NOI Build-Up for 6,505 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
$117.1K $18.00/SF
− Vacancy
−$4.0K −$0.61/SF
EGI
$113.1K $17.39/SF
− OpEx
−$33.9K −$5.22/SF
NOI
$79.2K $12.17/SF
Area
Lincoln County, OR
Vacancy
3.41%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,583,360
Cap Rate 7%
$1,130,971
Cap Rate 9%
$879,644
Alternative Uses
Best Use
Retail
$1.13M
$989.6K – $1.32M
NOI $79,168 @ 7.0% cap · market cap 3.37%
Second Best
Specialty Retail
$966.5K
$845.7K – $1.13M
NOI $67,655 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$1.70M
$1.48M – $1.98M
NOI $118,770 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
957
Businesses Nearby
Under-served
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 Retail 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?
Conventional restaurant - Updated commercial property includes restaurant equipment, leased storefronts, and a separate parking lot.
Where is this conventional restaurant located?
The property is located at 426 501 515 NW Coast Street Newport, OR.
What is the asking price?
The asking price for this property is $2,349,000.
What are key features of this property?
This property features: 6,505‑square‑foot restaurant and bar building on 0.69 acres; Two commercial storefronts are currently leased; Sale includes existing restaurant furnishings, fixtures, and equipment
