Limited-Service Motel
For Sale
$2,200,000
754 SW Coast Hwy, Newport, OR 97365
L-shaped 37-unit motel offers highway frontage and a mix of standard rooms and apartment-style units with full kitchens.
Property Size13,924 SF
Days on Market38
Property Features for 754 SW Coast Hwy
General Information
Standard status
Active
Size
13,924 SF
Property subtype
Hospitality
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
guest lobby
guest laundry
commercial laundry
manager's unit
Building Details
Building Size
13,924 SF
Year Built
1947
Construction
wood-frame
Listing Agency:
(503) 577-7710
Listed By:
Brian Resendez, CCIM · License #OR #200406154
(503) 577-7710
Source:
Svn
Added: Jul 3
Changed: Aug 8
Last Checked: Aug 8 at 3:33AM
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 Brian Resendez, CCIM
Investment Insights
Based on property information with market context.
Newport Bay Motel is a limited-service, 37-unit hospitality property featuring an L-shaped, wood-frame building. The unit mix includes standard motel rooms as well as apartment-style units with full kitchens, supporting weekly, monthly, and extended-stay occupancy.
The property has approximately 300 feet of frontage along US Highway 101 in Newport, Oregon’s central coast. On-site amenities include a guest lobby, and both guest and commercial laundry, along with a manager’s unit.
Operating financials are not available. The offering is positioned as a value-add opportunity based on the real estate, location, and existing unit mix, with buyers advised to underwrite accordingly.
The property has approximately 300 feet of frontage along US Highway 101 in Newport, Oregon’s central coast. On-site amenities include a guest lobby, and both guest and commercial laundry, along with a manager’s unit.
Operating financials are not available. The offering is positioned as a value-add opportunity based on the real estate, location, and existing unit mix, with buyers advised to underwrite accordingly.
Key Highlights
- 37‑unit limited‑service lodging property in Newport, OR on US Highway 101
- L‑shaped, wood‑frame building with roughly 300 feet of highway frontage
- Unit mix includes standard motel rooms and apartment‑style units with full kitchens
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
$101,193
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
4.60%
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%
$2,023,860
$2.0M
Cap Rate 7%
$1,445,614
$1.4M
Cap Rate 9%
$1,124,367
$1.1M
Market Conditions
NOI Build-Up for 13,924 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
$250.6K $18.00/SF
− Vacancy
−$37.6K −$2.70/SF
EGI
$213.0K $15.30/SF
− OpEx
−$111.8K −$8.03/SF
NOI
$101.2K $7.27/SF
Area
Lincoln County, OR
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
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%
$2,023,860
Cap Rate 7%
$1,445,614
Cap Rate 9%
$1,124,367
Alternative Uses
Best Use
Hotel Hospitality
$1.45M
$1.26M – $1.69M
NOI $101,193 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.63M
$3.18M – $4.24M
NOI $254,228 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,430
Businesses Nearby
Well-served
Demand for This Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Newport Bay Motel — 754 SW Coast Hwy, Newport, OR 97365
- Money Saver Motel — 861 SW Coast Hwy, Newport, OR 97365
- Econo Lodge — 606 SW Coast Hwy #101, Newport, OR 97365
- Hallmark Resort Newport — 744 SW Elizabeth St, Newport, OR 97365
- Arden Cottage — 821 SW 12th St, Newport, OR 97365
Frequently Asked Questions
What type of property is this?
Motel - L-shaped 37-unit motel offers highway frontage and a mix of standard rooms and apartment-style units with full kitchens.
Where is this motel located?
The property is located at 754 SW Coast Hwy Newport, OR.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 37‑unit limited‑service lodging property in Newport, OR on US Highway 101; L‑shaped, wood‑frame building with roughly 300 feet of highway frontage; Unit mix includes standard motel rooms and apartment‑style units with full kitchens
