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    Newport Warehouse Build-to-Suit Opportunity Title is generated by Realmo AI

    110 Southeast 84th Street, Newport, OR 97366

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    70,000 SF warehouse space available for build-to-suit lease.

    Type:Industrial
    Property size:
    70,000 SF
    Lot size:
    10.74 Acres
    Added:
    Jan 26, 2026
    Days on Market:
    115
    Last Refresh:
    Apr 5 at 8:30 pm

    Property Features for 110 Southeast 84th Street

    General Information

    Standard status
    Active
    Size
    70,000 SF
    Lot size
    10.74 Acres
    Property subtype
    Industrial

    Spaces For Lease

    at 110 Southeast 84th Street Contact us

    We can help!

    Listing Contact
    Nick Williams, CCIM
    Nick Williams, CCIM

    Listing agent Nick Williams, CCIM License #201230204

    Listing office SVN Commercial Advisors | Salem

    Listing date Jan 26, 2026

    Source Corfac

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

    All listing content including descriptions, pricing, images are the copyrighted material of SVN Commercial Advisors | Salem

    HighLights

    • Prime location adjacent to Newport Municipal Airport and Highway 101, providing exceptional access to Oregon's central coast.
    • Build‑to‑suit lease opportunity for a ±70,000 SF warehouse, customizable to tenant needs, including potential cold storage.
    • Ideal for distribution and logistics users seeking regional connectivity and long‑term growth potential.
    • Phased industrial park with future expansion opportunities.
    • Strategic gateway to central coast towns like Florence and Tillamook, supporting various industries.
    • Ample parking for employees and customers.

    Overview

    Located adjacent to the Newport Municipal Airport and just off Hwy 101, this 10.74-acre site offers access to Oregon’s central coast communities. A 70,000 SF warehouse is available for build-to-suit lease, tailored to tenant needs, with potential cold storage. Additional phases are planned for future expansion. Ideal for distribution and logistics users seeking regional connectivity and long-term growth potential, all leases are offered on a triple net (NNN) basis. Newport Municipal Airport (ONP) is situated on the southern edge of Newport, Oregon, just east of U.S. Highway 101 and approximately three miles from downtown Newport. The airport’s main entrance connects directly to Highway 101, offering prime visibility and easy access for distribution traffic. ONP sits at about 161 feet elevation. Its location makes it a strategic gateway to central coast towns like Florence and Tillamook and supports industries such as tourism, fishing, maritime research, and NOAA operations. This phased industrial park and 70,000 sq ft build-to-suit warehouse will leverage this connectivity to 101 and local highways, enhancing regional distribution capabilities while tapping into coastal economic activity. The property features ample parking for employees and customers and offers highly customizable space for various uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Hotel & Motel Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.065
    Latitude
    44.5768

    FAQs

    What type of property is this?
    Warehouse - 70,000 SF warehouse space available for build-to-suit lease.
    Where is this warehouse located?
    The property is located at 110 Southeast 84th Street Newport, OR.
    What are key features of this property?
    This property features: Prime location adjacent to Newport Municipal Airport and Highway 101, providing exceptional access to Oregon's central coast.; Build‑to‑suit lease opportunity for a ±70,000 SF warehouse, customizable to tenant needs, including potential cold storage.; Ideal for distribution and logistics users seeking regional connectivity and long‑term growth potential.
    (503) 400-7851
    We can help!
    Listing Contact
    Nick Williams, CCIM
    Nick Williams, CCIM
    Real Estate License ID: 201230204
    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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