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    Mixed-Use Storefront Building Title is generated by Realmo AI

    246 6TH St, Port Orford, OR 97465

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    New
    For Sale
    $699,000

    MULTI_FAMILY - PortOrford, OR

    Property size:
    6,000 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $116/SF
    Added:
    Jun 6, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 8 at 6:06 am

    Property Features for 246 6TH St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    4C
    Bedrooms
    1
    Bathrooms
    1
    Rooms
    Bedroom 1, Bathroom 1
    Standard status
    Active
    APN
    R22560
    Size
    6,000 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Description
    TRS 3315-05DA-TAX LOTS 4601 & 4301
    Tax Annual Amount
    2924

    Utilities

    Heating system
    Baseboard, Zoned

    Building Details

    Year built
    1895
    Floors in Building
    2
    Number of units
    3
    Roof type
    Composition

    We can help!

    Listing Contact
    Paul Lambright
    Paul Lambright

    Listing agent Paul Lambright

    Listing office Neath The Wind Realty, Inc. 736 Highway101, Port Orford, OR

    Listing date Jun 6, 2026

    MLS# 274550762 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 101 ft storefront frontage with large display windows and a 3,000 SF main level with flexible commercial space
    • Second‑story income units: 3 apartments totaling 450 SF each (per listing) plus a 1,500 SF penthouse apartment
    • 1,500 SF penthouse apartment includes ocean views and is across the street from the park and the beach
    • Extra tax lot included and currently used for parking in the back
    • Built in 1895 with composition roof and zoned baseboard heating

    Overview

    Built in 1895, this mixed-use building features a main level totaling 3,000 square feet with large display windows and approximately 101 feet of commercial storefront frontage. The second story includes three 450-square-foot apartments, and the property also includes a 1,500-square-foot penthouse apartment described as having ocean views. A separate 1,500-square-foot penthouse is included as part of the building’s residential space, along with the three smaller apartment units.

    The property is located in Port Orford, Oregon at 246 6TH St (97465). The building is described as being across the street from a park and the beach, and it is noted as being in the heart of town near restaurants and local shops. An extra tax lot is included and is currently used for parking in the back of the property.

    With commercial frontage on the main level and income-producing apartment units on the upper floors, the property can fit operators and buyers looking for on-site versatility. The existing layout is described as a gracious, ready-for-multiple-businesses configuration, supported by the large display windows and substantial storefront frontage. Zoning is listed as 4C, and the lot size is provided as 0.15 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Dental Office Building Supply Spa & Massage Center Auto Repair Shop Big Box & Wholesale Store Hair Salon Gym & Fitness Center Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Port Orford
    County
    Curry
    State
    Oregon
    Longitude
    -124.493816
    Latitude
    42.743754

    FAQs

    What type of property is this?
    Triplex - Historic storefront frontage with multiple second-story apartments provides diversified space in Port Orford.
    Where is this triplex located?
    The property is located at 246 6TH St Port Orford, OR.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: 101 ft storefront frontage with large display windows and a 3,000 SF main level with flexible commercial space; Second‑story income units: 3 apartments totaling 450 SF each (per listing) plus a 1,500 SF penthouse apartment; 1,500 SF penthouse apartment includes ocean views and is across the street from the park and the beach
    (541) 366-1012
    We can help!
    Listing Contact
    Paul Lambright
    Paul Lambright
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    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.

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