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    426 NW Coast St Newport, OR 97365

    Sponsored
    For Sale
    $2,375,000

    COMMERCIAL - Newport, OR

    Property size:
    6,505 SF
    Lot size:
    0.69 Acres
    Days on Market:
    28
    Last Refresh:
    Feb 5 at 4:06 am

    Property Features for 426 NW Coast St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C-2 General Commercial
    Rooms
    Bathroom 2, Bathroom 1
    Bathrooms
    2
    APN
    111105CC-7900-00
    Parking
    34
    Appliances
    Water Heater, Refrigerator
    Size
    6,505 SF
    Lot size
    0.69 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1974
    Floors in Building
    1
    Building materials
    Concrete
    Roof type
    Built-Up

    We can help!

    Listing Contact
    Dennis Regen
    Dennis Regen

    Taylor and Taylor Realty Co. (541) 994-9111

    Listing agent Dennis M Regen (541) 994-9111 License #810604051

    Listing date Jan 9, 2026

    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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Restaurant and Retail Investment

    This commercial property in Newport, Oregon, presents a prime investment opportunity in the Nye District. The property, formerly a restaurant and bar, is fully equipped and ready for a new concept. The sale includes all existing furnishings, fixtures, and equipment, making it a turnkey space. Located in a high-foot-traffic area near beach access, the property benefits from a steady flow of locals and tourists. In addition to the restaurant/bar space, the sale includes an additional parking lot and two commercial storefronts. Both storefronts are currently leased, providing immediate rental income. The property has a C-2 General Commercial zoning. The building size is 6,505 square feet and the lot size is 0.69 acres. Brand new PVC membrane roofs are being installed, and the former restaurant and taphouse is undergoing a full professional deep cleaning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AirGarage | Public Parking Parking Lot & Garage

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    Surf Town Coffee Company Roasting Headquarters (East Location), Barge Inn Tavern, Uptown Pub, Clearwater Tent, 2 BROKE BARTENDERS

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.061194
    Latitude
    44.639425

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    FAQs

    What type of property is this?
    Bar - Fully equipped restaurant, parking lot, and leased storefronts near beach.
    Where is this bar located?
    The property is located at 426 NW Coast St Newport, OR.
    What is the asking price?
    The asking price for this property is $2,375,000.
    What are key features of this property?
    This property features: - Turnkey restaurant/bar space with all existing furnishings, fixtures, and equipment included.; - Immediate rental income from two leased commercial storefronts.; - Prime commercial investment opportunity in the Nye District with high foot traffic and beach access.
    (541) 994-9111
    Request Owner's contact information
    426 NW Coast St Newport, OR 97365
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    Newport, OR 97365
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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
    426 NW Coast St Newport, OR 97365
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    We can help!
    Listing Contact
    Dennis Regen
    Dennis Regen
    Real Estate License ID: 810604051
    (541) 994-9111
    Learn more
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