242 W Olive St, Newport, OR 97365
Newport commercial building in high-traffic area with ocean views.
- Added:
- May 9, 2023
- Days on Market:
- 1155
- Last Refresh:
- Jan 20 at 11:10 am
Property Features for 242 W Olive St
General Information
- Standard status
- Active
- Size
- 2,295 SF
- Lot size
- 0.29 Acres
Listing office Taylor & Taylor Realty Co. (541) 994-9111
Listing date May 9, 2023
Source Exprealty
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All listing content including descriptions, pricing, images are the copyrighted material of Taylor & Taylor Realty Co.
HighLights
- High traffic location in Newport
- Enjoy ocean views
- 2295 square feet of total space
- Two separate levels, each with reception area, offices, kitchen/break room and bathroom
- Separately metered levels with F/A gas furnace & heat pump with air‑conditioning
- Commercial building
Overview
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 | $61.1k | $26.64 |
| − Vacancy | −$14.1k | −$6.13 |
| EGI | $47.1k | $20.51 |
| − OpEx | −$11.8k | −$5.13 |
| NOI | $35.3k | $15.38 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Lincoln
- State
- Oregon
- Longitude
- -124.05
- Latitude
- 44.6363
