Turn-Key Live-Work and Office
1112 SW Coast Highway Newport, OR 97365
1112 SW Coast Highway, Newport, OR, 97365
$475,000
For Sale
$475,000
Turn-key building with versatile professional space and deeded parking, sold as-is.
Property Size1,998 SF
Price / SF$237.74
Days on Market97
Property Features for 1112 SW Coast Highway
General Information
- Standard status
- Active
- Size
- 1,998 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing agency
Martek Real Estate
(541) 961-9544
Listed by
Michael T Burkhard · License #201235321
(541) 961-9544
Source
Martekrealestate
Added: Apr 17 Updated: Jul 22 at 12:59PM Checked: Jul 22 at 12:59PM
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 Martek Real Estate
Investment Insights
Based on property information with market context.
This turn-key live-work and office building offers versatile professional space totaling 1,998 square feet. The property includes deeded parking and is being sold as-is, supporting a straightforward acquisition for buyers evaluating a 1031 exchange or a live-work arrangement.
Located at 1112 SW Coast Highway in Newport, Oregon, the building sits on Highway 101, providing high visibility along a major thoroughfare.
Located at 1112 SW Coast Highway in Newport, Oregon, the building sits on Highway 101, providing high visibility along a major thoroughfare.
Key Highlights
- Built in 1984
- 1,998 SF of versatile professional space
- Located on Highway 101
Local Financial Insights For Office B
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 | $53.2k | $26.64 |
| − Vacancy | −$12.2k | −$6.13 |
| EGI | $41.0k | $20.51 |
| − OpEx | −$10.2k | −$5.13 |
| NOI | $30.7k | $15.38 |
1,998 SF · lease $26.64/SF/yr · vacancy 23.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$439.1K
$384.2K – $512.3K
NOI $30,738 @ 7.0% cap · market cap 6.47%
Second Best
Mixed Use
$261.6K
$228.9K – $305.2K
NOI $18,312 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$521.1K
$456.0K – $608.0K
NOI $36,480 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Yaquina Bay Realty
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Turn-key building with versatile professional space and deeded parking, sold as-is.
Where is this live-work space located?
The property is located at 1112 SW Coast Highway Newport, OR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Built in 1984; 1,998 SF of versatile professional space; Located on Highway 101
