715 SW Hurbert Street, Newport, OR 97365
COMMERCIAL - Newport, OR
- Added:
- Jun 17, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 26 at 11:06 pm
Property Features for 715 SW Hurbert Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- C-1 Commercial
- Bathrooms
- 4
- Rooms
- Bathroom 3, Bathroom 4, Bathroom 1, Bathroom 2
- Standard status
- Active
- APN
- 111108BD-5400-00
- Size
- 3,960 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6613
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Ductless (Heating)
- Water source
- Public
Building Details
- Year built
- 1979
- Floors in Building
- 1
- Building materials
- Cedar
- Roof type
- Membrane
Listing agent Doretta L Smith License #200707030 (541) 961-6688
Listing office Martek Real Estate 567 N Coast Hwy, Newport, OR (541) 265-8785
Listing date Jun 17, 2026
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.
HighLights
- 4‑unit building on a corner lot at Hwy 101 and Hurbert Street
- All four units are currently leased
- Zoned C‑1 and highly visible from Hwy 101
- Within the City Center Revitalization Zone; upcoming grants available for facades
- City parking lot adjacent to the building
- Built in 1979; membrane roof; cedar construction; public water and public sewer
Overview
The property is located on a corner of Hwy 101 and Hurbert Street and is described as highly visible from Hwy 101. It is just a few blocks from the ocean beaches. A city parking lot is adjacent to the building, providing nearby public parking, and the area is described as high-traffic.
For buyers seeking an income-producing retail asset, the fully leased configuration offers immediate occupancy. The C-1 zoning and storefront retail setup also make the building well-suited for continuing retail operations that align with the district’s commercial intent.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.3k | $18.00 |
| − Vacancy | −$2.4k | −$0.61 |
| EGI | $68.8k | $17.39 |
| − OpEx | −$20.7k | −$5.22 |
| NOI | $48.2k | $12.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Lincoln
- State
- Oregon
- Longitude
- -124.056741
- Latitude
- 44.63367
