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 Market482
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:
Mike Morris · License #201213975
(971) 241-3847
Source:
Moodyscre
Added: Jul 8, 2025
Changed: Oct 26
Last Checked: Nov 1 at 4:35AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$75,028
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,500,560
$1.5M
Cap Rate 7%
$1,071,829
$1.1M
Cap Rate 9%
$833,644
$833.6K
Market Conditions
NOI Build-Up for 6,268 SF
Gross rent
$112.8K $18.00/SF
− Vacancy
−$5.6K −$0.90/SF
EGI
$107.2K $17.10/SF
− OpEx
−$32.2K −$5.13/SF
NOI
$75.0K $11.97/SF
Area
Yamhill County, OR
Vacancy
5.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,500,560
Cap Rate 7%
$1,071,829
Cap Rate 9%
$833,644
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
946
Businesses Nearby
409k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Shops & Services 26%
Groceries 25%
Home Improvements & Furnishings 4%
Fred Meyer
Groceries
73,568 visits/mo
0.3 miles
Fred Meyer Gas Station
Shops & Services
31,039 visits/mo
0.3 miles
Safeway
Groceries
29,598 visits/mo
0.3 miles
McDonald's
Dining
23,266 visits/mo
0.1 miles
Dutch Bros. Coffee
Dining
21,967 visits/mo
0.1 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
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- Coinstar Kiosk | Bitcoin ATM — Safeway, 1140 N Springbrook Road, Newberg, OR 97132
- Springbrook Plaza — 1000 N Springbrook Rd, 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.
