Marina with Vessel
For Sale
$2,950,000
5262 YAQUINA BAY RD 4 4, Newport, OR 97365
Marine-oriented property with two haul-outs, multiple work buildings, high-voltage electrical service, and marine-planned zoning.
Property Size21,000 SF
Price / SF$134.70
Days on Market1122
Property Features for 5262 YAQUINA BAY RD 4 4
General Information
Standard status
Active
Size
21,000 SF
Zoning
MP planned marine
Additional Details
Utilities to Site
Yes
Warehouse Space
7,500 SF
Taxes and HOA fees
Annual Taxes
$15,780
Building Details
Building Size
21,000 SF
Year Built
1988
Buildings
4
Listing Agency:
Taylor & Taylor Realty Co.
(541) 994-9111
Listed By:
Dennis Regen · License #810604051
Source:
Realestatepdx
Added: Aug 5, 2023
Changed: Aug 29
Last Checked: Aug 30 at 12:54PM
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 Taylor & Taylor Realty Co.
Investment Insights
Based on property information with market context.
This marina property includes two vessel haul-outs and four site-built structures totaling approximately 21,900 square feet. Improvements comprise a 10,000-square-foot main shop, office, and work bay; a 7,500-square-foot warehouse; a 4,000-square-foot tall work bay with an aggregate floor; and a 400-square-foot masonry restroom and shower building.
Electrical service includes both 230- and 480-volt power. Water is supplied by an on-site well producing approximately 60 gallons per minute, while wastewater is handled through a drain field. The entire property carries MP planned marine zoning, is outside the urban growth boundary, and falls within a development zone in a development estuary. The site is also located within an Enterprise Zone.
Electrical service includes both 230- and 480-volt power. Water is supplied by an on-site well producing approximately 60 gallons per minute, while wastewater is handled through a drain field. The entire property carries MP planned marine zoning, is outside the urban growth boundary, and falls within a development zone in a development estuary. The site is also located within an Enterprise Zone.
Key Highlights
- Two vessel haul‑outs
- Four site‑built structures totaling approximately 21,900 square feet
- 10,000‑square‑foot main shop, office, and work bay
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
$268,894
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
9.12%
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%
$5,377,880
$5.4M
Cap Rate 7%
$3,841,343
$3.8M
Cap Rate 9%
$2,987,711
$3.0M
Market Conditions
NOI Build-Up for 21,900 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
$328.5K $15.00/SF
− Vacancy
−$12.2K −$0.56/SF
EGI
$316.3K $14.45/SF
− OpEx
−$47.5K −$2.17/SF
NOI
$268.9K $12.28/SF
Area
Lincoln County, OR
Vacancy
3.70%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
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%
$5,377,880
Cap Rate 7%
$3,841,343
Cap Rate 9%
$2,987,711
Alternative Uses
Best Use
Warehouse
$3.84M
$3.36M – $4.48M
NOI $268,894 @ 7.0% cap · market cap 9.12%
Second Best
Industrial
$3.16M
$2.77M – $3.69M
NOI $221,442 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$5.71M
$5.00M – $6.66M
NOI $399,855 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
590
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Marina - Marine-oriented property with two haul-outs, multiple work buildings, high-voltage electrical service, and marine-planned zoning.
Where is this marina located?
The property is located at 5262 YAQUINA BAY RD 4 4 Newport, OR.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Two vessel haul‑outs; Four site‑built structures totaling approximately 21,900 square feet; 10,000‑square‑foot main shop, office, and work bay
