For Sale
$1,249,000
213 Nw Cliff St, Newport, OR 97365
C-2 Zoning in Nye Beach/ Newport, OR
Property Size9,800 SF
Lot Size0.23 Acres
Price / SF$127.45
Days on Market139
Property Features for 213 Nw Cliff St
General Information
Standard status
Active
Property type
Storefront properties, Live-work space, Hotels, Retail properties & Spaces, Office Spaces, Hospitality properties
Size
9,800 SF
Class
C
Lot size
0.23 Acres
Listed By:
Thalia Pellicori
(541) 283-6761
Added: May 25
Investment Insights
Based on property information with market context.
Key Highlights
- C‑2 zoning with ocean views, live‑work or hotel opportunity. 4 lots in high visibility neighborhood of Newport, Oregon.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,817
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,796,340
$1.8M
Cap Rate 7%
$1,283,100
$1.3M
Cap Rate 9%
$997,967
$998.0K
Market Conditions
NOI Build-Up for 9,800 SF
Gross rent
$152.9K $15.60/SF
− Vacancy
−$9.2K −$0.94/SF
EGI
$143.7K $14.66/SF
− OpEx
−$53.9K −$5.50/SF
NOI
$89.8K $9.17/SF
Area
Lincoln County, OR
Vacancy
6.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,796,340
Cap Rate 7%
$1,283,100
Cap Rate 9%
$997,967
Alternative Uses
Best Use
Office B
$2.15M
$1.88M – $2.51M
NOI $150,769 @ 7.0% cap · market cap 12.07%
Second Best
Retail
$1.70M
$1.49M – $1.99M
NOI $119,269 @ 7.0% cap · market cap 9.55%
Theoretical Best
Office A
$2.56M
$2.24M – $2.98M
NOI $178,931 @ 7.0% cap · market cap 14.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,133
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Storefront property - C-2 Zoning in Nye Beach/ Newport, OR
Where is this storefront property located?
The property is located at 213 Nw Cliff St Newport, OR.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: C‑2 zoning with ocean views, live‑work or hotel opportunity. 4 lots in high visibility neighborhood of Newport, Oregon.
