Office-Retail Investment Property on
For Sale
Contact for pricing
2911 Portland Rd, Newberg, OR
Well-maintained investment property with long-term tenants in a prominent location.
Property Size6,268 SF
Lot Size0.69 Acres
Price / SF$318.28
Days on Market391
Property Features for 2911 Portland Rd
General Information
Standard status
Active
Size
6,268 SF
Lot size
0.69 Acres
Property subtype
RETAIL
Listing Agency:
Miller Consulting Group LLC
(503) 740-9200
Listed By:
Mary Martin Miller
(503) 740-9200
Source:
Moodyscre
Added: Jul 8, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:35AM
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 Miller Consulting Group LLC
Investment Insights
Based on property information with market context.
This office-retail investment property is located along 99W in a prominent location, next to McDonald’s, and situated along a major trade area near Portland Road and Deborah Road in Newberg. Zoned C-2, the property has been well-maintained and consists of five individual structures. It features five long-term tenants with a history of consistent rental payments. The property includes ample parking and a drive-up window for the retail store. The property is .68 acres, fully paved, and landscaped, with buildings updated as needed. Tours of the exterior of the property are available with broker accompaniment until an offer is accepted. Please do not disturb the tenants.
Key Highlights
- Prominent location along 99W in a major trade area near Portland Road and Deborah Road.
- Rare office‑retail investment property.
- Five long‑term tenants with great rental history.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $112.8k | $18.00 |
| − Vacancy | −$5.6k | −$0.90 |
| EGI | $107.2k | $17.10 |
| − OpEx | −$32.2k | −$5.13 |
| NOI | $75.0k | $11.97 |
6,268 SF · lease $18.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.07M
$937.9K – $1.25M
NOI $75,028 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,432 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
210k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 49%
Dining 31%
Shops & Services 20%
Home Improvements & Furnishings 1%
Fred Meyer
Groceries
73,568 visits/mo
0.5 miles
Safeway
Groceries
29,598 visits/mo
0.4 miles
Wendy's
Dining
21,582 visits/mo
0.4 miles
Taco Bell
Dining
18,915 visits/mo
0.3 miles
Dollar Tree
Shops & Services
13,357 visits/mo
0.4 miles
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Springbrook Oaks Office Building — 901 Brutscher St, Newberg, OR 97132
- Springbrook Plaza — 1000 N Springbrook Rd, Newberg, OR 97132
- BitcoinNW Bitcoin ATM — 2418 Portland Rd, Newberg, OR 97132
- Coinstar Kiosk | Bitcoin ATM — Safeway, 1140 N Springbrook Road, Newberg, OR 97132
- Coinstar Kiosk | Bitcoin ATM — Kroger - Fred Meyer Inc, 3300 Portland Rd, Newberg, OR 97132
Frequently Asked Questions
What type of property is this?
Shopping center - Well-maintained investment property with long-term tenants in a prominent location.
Where is this shopping center located?
The property is located at 2911 Portland Rd Newberg, OR.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Prominent location along 99W in a major trade area near Portland Road and Deborah Road.; Rare office‑retail investment property.; Five long‑term tenants with great rental history.
