Flex Space
350 E Olive St Newport, OR 97365
350 E Olive St, Newport, OR, 97365
$2,650,000
For Sale
$2,650,000
Versatile retail, showroom, and warehouse/flex space with open-span areas and flexible office configurations along Hwy 20 frontage.
Property Size19,802 SF
Price / SF$133.82
Days on Market71
Property Features for 350 E Olive St
General Information
- Standard status
- Active
- Size
- 19,802 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2000
Listing agency
Jmg Jason Mitchell Group-Albany
(541) 619-4303
Listed by
Jason Cadwell · License #200101048
(541) 619-4303
Source
Allprofessionalsre
Added: May 12 Updated: Jul 21 at 9:46AM Checked: Jul 21 at 9:46AM
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 Jmg Jason Mitchell Group-Albany
Investment Insights
Based on property information with market context.
This property offers a versatile mix of retail, showroom, warehouse, and flex space, with expansive open-span warehouse areas and flexible office configurations. The layout is designed to combine customer-facing presence with operational workspace, supporting storage and adaptable day-to-day use.
The building benefits from Hwy 20 frontage, providing straightforward commercial access for a range of business operations. The available information also notes a wide range of potential commercial uses, including owner-user, investor, contractor, distribution, and light industrial applications.
More pictures and floor plans are available via the provided link.
The building benefits from Hwy 20 frontage, providing straightforward commercial access for a range of business operations. The available information also notes a wide range of potential commercial uses, including owner-user, investor, contractor, distribution, and light industrial applications.
More pictures and floor plans are available via the provided link.
Key Highlights
- Year built 2000 commercial property with 19,802 SF of versatile retail, showroom, warehouse, and flex space
- Hwy 20 frontage for visibility and convenient customer and tenant access
- Includes expansive open‑span warehouse areas for flexible operations and storage
Local Financial Insights For Warehouse
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 | $297.0k | $15.00 |
| − Vacancy | −$11.0k | −$0.56 |
| EGI | $286.0k | $14.45 |
| − OpEx | −$42.9k | −$2.17 |
| NOI | $243.1k | $12.28 |
19,802 SF · lease $15.00/SF/yr · vacancy 3.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.47M
$3.04M – $4.05M
NOI $243,134 @ 7.0% cap · market cap 9.17%
Second Best
Retail
$3.44M
$3.01M – $4.02M
NOI $240,997 @ 7.0% cap · market cap 9.09%
Theoretical Best
Office A
$5.16M
$4.52M – $6.03M
NOI $361,550 @ 7.0% cap · market cap 13.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Newport Carpet One ...
General Contractor
Newport Carpet, Inc
General Contractor
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FAQs
What type of property is this?
Flex space - Versatile retail, showroom, and warehouse/flex space with open-span areas and flexible office configurations along Hwy 20 frontage.
Where is this flex space located?
The property is located at 350 E Olive St Newport, OR.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Year built 2000 commercial property with 19,802 SF of versatile retail, showroom, warehouse, and flex space; Hwy 20 frontage for visibility and convenient customer and tenant access; Includes expansive open‑span warehouse areas for flexible operations and storage
