High-Visibility Commercial
For Sale
$475,000
Pending
1112 SW Coast Highway, Newport, OR 97365
COMMERCIAL - Newport, OR
Property Size1,998 SF
Lot Size0.11 Acres
Days on Market119
Property Features for 1112 SW Coast Highway
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C-1 Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Parking
3
Accessibility
Accessible Approach with Ramp
Appliances
Dishwasher, Microwave, Water Heater, Refrigerator
Subdivision
Bayley and Case's
Directions
North of Newport bridge on the west side of HWY 101
Standard status
Pending
APN
111108CC-6600-00
Size
1,998 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4788
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating)
Water source
Public
Building Details
Year built
1984
Floors in Building
2
Flooring type
Vinyl, Carpet
Building materials
Concrete, Cedar
Roof type
Composition
Listing Agency:
Martek Real Estate
(541) 265-8785
Listed By:
Michael T Burkhard · License #201235321
(541) 961-9544
Added: Apr 17
Changed: Aug 4
Last Checked: Aug 13 at 4:06AM
MLS# 26-1013
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.
Investment Insights
Based on property information with market context.
This for-sale commercial property offers versatile professional space within a turnkey building configuration. The listing provides total size of 1,998 square feet and notes the property includes deeded parking. The property is being sold as-is.
Located at 1112 SW Coast Highway in Newport, Oregon 97365 (Lincoln County), the building is positioned for visibility along Highway 101. The property’s commercial zoning is identified as C-1.
The offering is presented as suitable for a 1031 exchange or a live-work situation based on the listing remarks.
Located at 1112 SW Coast Highway in Newport, Oregon 97365 (Lincoln County), the building is positioned for visibility along Highway 101. The property’s commercial zoning is identified as C-1.
The offering is presented as suitable for a 1031 exchange or a live-work situation based on the listing remarks.
Key Highlights
- 1,998 sq. ft. professional space with versatile room layout
- Deeded parking included
- Accessible approach with ramp
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,738
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$614,760
$614.8K
Cap Rate 7%
$439,114
$439.1K
Cap Rate 9%
$341,533
$341.5K
Market Conditions
NOI Build-Up for 1,998 SF
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.
Gross rent
$53.2K $26.64/SF
− Vacancy
−$12.2K −$6.13/SF
EGI
$41.0K $20.51/SF
− OpEx
−$10.2K −$5.13/SF
NOI
$30.7K $15.38/SF
Area
Lincoln County, OR
Vacancy
23.00%
Lease Rate
$26.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$614,760
Cap Rate 7%
$439,114
Cap Rate 9%
$341,533
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,430
Businesses Nearby
Explore this area
Business Placement
Demographics for 97365, OR
10,806
Population
6,026
Households
1.8
Avg Household Size
47
Median Age
31%
College-Educated
91%
High-School Grad
41.5 sq mi
ZIP Area
260
Density / Sq Mi
$60,736
Median Household Income
$30,963
Median Earnings
$1,155
Median Rent
$418,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Versatile professional building in C-1 zoning with deeded parking, offered for sale 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: 1,998 sq. ft. professional space with versatile room layout; Deeded parking included; Accessible approach with ramp
