Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    176 W Marine Dr Astoria, OR

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two buildings with 15,000 SF on 1.31 acres.

    Type:RETAIL
    Property size:
    15,000 SF
    Lot size:
    1.33 Acres
    Added:
    Jul 16, 2021
    Days on Market:
    1751
    Last Refresh:
    Apr 5 at 10:20 pm

    Property Features for 176 W Marine Dr

    General Information

    Standard status
    Active
    Size
    15,000 SF
    Lot size
    1.33 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Mark Carnese
    Mark Carnese

    Listing agent Mark Carnese

    Listing office Cushman & Wakefield - OR

    Listing date Jul 16, 2021

    Source Moodyscre

    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 Cushman & Wakefield - OR

    Overview

    Retail Property Near Marine Drive

    This property features two buildings with approximately 15,000 square feet of space situated on a 1.31-acre site. The location provides immediate access to Marine Drive and Highway 101.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Astoria
    County
    Clatsop
    State
    Oregon
    Longitude
    -123.847
    Latitude
    46.1907

    Nearby Similar for Sale

    • $637,500
      3,000 SF

      Astoria Fourplex with River Views

      Four-unit multifamily property in Astoria with Columbia River views.
      465 W MARINE Dr, Astoria, OR 97103
      View Details
    • $524,500
      1,872 SF

      Classic Craftsman Duplex with River Views

      Charming Astoria duplex with river views, ideal for investors.
      3496 Harrison Ave, Astoria, OR 97103
      View Details
    • $200,000

      Established Astoria Dispensary Opportunity

      Turnkey cannabis dispensary business for sale in Astoria, Oregon.
      229 W Marine Drive, Astoria, OR 97103
      View Details
    • $825,000
      2,588 SF

      Enchanted Nano Brewery Realm

      Nano brewery with land, building, and business for sale.
      2703 Marine DR, Astoria, OR 97103
      View Details
    • $524,500
      1,872 SF

      Astoria Duplex with River Views

      Craftsman duplex on a double lot with river views.
      3496 Harrison Avenue, Astoria, OR 97103
      View Details
    • $310
      2,185 SF

      Premier Astoria Office Building

      Astoria's premier office building in a vibrant downtown location.
      818 Commercial Street | Astoria, OR 97103, OR 97103
      View Details
    • $650,000
      1,300 SF

      Astoria Duplex Near Downtown

      Updated duplex with strong rental income, close to downtown Astoria.
      640 8th Street, Astoria, OR 97103
      View Details
    • $575,000
      2,880 SF

      Astoria Duplex with River Views

      Well-maintained Astoria duplex near downtown and waterfront with river views.
      811 Franklin Avenue, Astoria, OR 97103
      View Details
    • $2,900,000
      15,532 SF

      Astoria Retail Property For Sale

      Retail property available for purchase in Astoria, Oregon.
      77-80 11th St, Astoria, OR
      View Details

    FAQs

    What type of property is this?
    Retail space - Two buildings with 15,000 SF on 1.31 acres.
    Where is this retail space located?
    The property is located at 176 W Marine Dr Astoria, OR.
    What are key features of this property?
    This property features: Two buildings with approximately 15,000 SF of space.; 1.31 acre site.; Immediate access to Marine Drive.
    (503) 279-1700 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Carnese
    Mark Carnese
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!