Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    408 1St St Newberg, OR 97132

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $850,000

    High-yield, leased multi-family building in prime location.

    Property size:
    2,500 SF

    Property Features for 408 1St St

    General Information

    Property type
    Residential income properties
    Square Feet
    2,500 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Philip Higgins

    Listing Agency: Pacific Crest RE Advisors Listing Agent: Philip Higgins

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents a rare mixed-use building situated on Newberg's First Street, directly adjacent to City Hall. The property encompasses 2,500 square feet on a 0.06-acre lot and features a ground floor commercial space currently leased to Barley & Vine, a well-established tenant. The upper level comprises a residential apartment, adding to the property's diverse income stream. This location offers unparalleled visibility and accessibility within the vibrant Newberg community, known for its thriving wine industry. The existing lease agreement with the ground floor tenant provides a stable and predictable income source. Detailed financial information regarding the property's income is available upon request. This is a unique chance to acquire a well-positioned, income-generating asset in a desirable Oregon wine country location. The property's strategic placement near City Hall ensures high foot traffic and visibility, further enhancing its investment potential. Serious inquiries only. Contact us to schedule a showing and explore this lucrative opportunity. The property is sold as-is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Reid Rental (Bike/Boat/Book/etc) Store Barley & Vine Tavern Bar & Pub Bunn Bldg. Department Store Daniel Garris Alternative Medicine Practice

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newberg
    County
    Yamhill
    State
    Oregon
    Longitude
    -122.9756
    Latitude
    45.30005

    Nearby Similar for Sale

    • New
      $2,590,000
      0.17 Acres

      Historic Mixed-Use Building in Newberg

      Iconic 1888 building with commercial space and residential units.
      811 E 1St St, Newberg, OR 97132
      View Details
    • New
      $1,295,000
      4,384 SF

      Newberg Fourplex: Turnkey Investment

      Well-maintained, fully furnished fourplex near George Fox University.
      710 N Elliott Rd, Newberg, OR 97132
      View Details
    • New
      $483,210
      1,536 SF

      Newberg Duplex: Investment Opportunity

      Well-maintained duplex in Newberg, Oregon with two units.
      504 E 9Th St, Newberg, OR 97132
      View Details
    • $189,900
      0.38 Acres

      Newberg Land Ready to Build

      Land in Newberg, ready for duplex or common wall.
      3Rd St, Newberg, OR 97132
      View Details
    • $680,500

      Newberg Acreage with Shop and Home

      14-acre property in Oregon wine country with shop and home.
      17841 Highway 240 NE, Newberg, OR 97132
      View Details
    • Contact for pricing

      Affordable Mobile Home in Newberg

      Comfortable 2-bedroom mobile home with community amenities in Newberg, Oregon.
      2902 E 2Nd St, Newberg, OR 97132
      View Details
    • $2,700,000
      12,743 SF

      Newberg Townhome Community Near University

      Well-maintained townhomes near George Fox University with expansion potential.
      615-629 N Elliott Rd, Newberg, OR 97132
      View Details
    • Contact for pricing

      Self-Storage and Flex Space Facility

      40-unit self-storage, 3 RV spaces, and 8 flex spaces.
      2800 E 2Nd St, Newberg, OR 97132
      View Details
    • $299,500

      Charming Townhome Near George Fox

      Well-maintained 3-bedroom townhome in Newberg, near George Fox University.
      810 E 9Th St, Newberg, OR 97132
      View Details
    • Contact for pricing
      6,268 SF

      Office-Retail Investment Property on 99W

      Well-maintained investment property with long-term tenants in a prominent location.
      2911 Portland Rd, Newberg, OR 97132
      View Details
    • Contact for pricing
      16,400 SF

      Industrial Site with Helipad

      Industrial site featuring two buildings and operational helipad.
      1055 S Commerce Pkwy, Newberg, OR 97132
      View Details
    • Contact for pricing
      6,268 SF

      Leased Office/Retail Complex For Sale

      Fully leased office and retail complex in Newberg, Oregon.
      2913 Portland Rd, Newberg, OR 97132
      View Details

    FAQs

    What type of property is this?
    Residential income property - High-yield, leased multi-family building in prime location.
    Where is this residential income property located?
    The property is located at 408 1St St Newberg, OR.
    What is the asking price?
    The asking price for this property is $850,000.
    (503) 793-9039
    Request Owner's contact information
    408 1St St Newberg, OR 97132
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    408 1St St
    Newberg, OR 97132
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    408 1St St Newberg, OR 97132
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Philip Higgins
    (503) 793-9039
    Learn more
    Google sign-in failed. Please try again or use another login method.