Storefront with High
For Sale
$575,000
503 E 1ST St, Newberg, OR 97132
CommercialSale, Newberg, OR
Property Size2,060 SF
Lot Size0.05 Acres
Price / SF$279.13
Days on Market47
Property Features for 503 E 1ST St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-3
Directions
99W/E 1st St > Property on the left between N Howard St and N School St
Subdivision
_156
Standard status
Active
APN
48460
Size
2,060 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Description
E 22' LOT 5 - BLOCK 15 IN CENTRAL ADDITION
Tax Annual Amount
2482
Legal Description
E 22' LOT 5 - BLOCK 15 IN CENTRAL ADDITION
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1921
Floors in Building
1
Building materials
Brick
Roof type
Flat
Listing Agency:
The Kelly Group Real Estate
(503) 538-4531
Listed By:
Kelly Hagglund · License #201219819
(503) 730-9999
Added: Sep 2
Changed: Oct 6
Last Checked: Oct 18 at 8:06AM
MLS# 511395673
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,060-square-foot brick storefront, constructed in 1921, combines an open front area with high ceilings and strong natural light. The interior includes a kitchen, bathroom, semi-private room, and rear storage and utility space. Forced-air heating and central air conditioning serve the building, while electrical systems and the water heater were updated after 2024. The HVAC system was installed before the current seller acquired the property.
The property occupies 0.05 acres at 503 E 1ST St in downtown Newberg, within a setting that includes shops, restaurants, tasting rooms, and other businesses. Rear alley access supports loading and unloading. C-3 zoning applies. The sale includes the building only; the existing business and inventory are excluded.
The property occupies 0.05 acres at 503 E 1ST St in downtown Newberg, within a setting that includes shops, restaurants, tasting rooms, and other businesses. Rear alley access supports loading and unloading. C-3 zoning applies. The sale includes the building only; the existing business and inventory are excluded.
Key Highlights
- 2,060 square feet on a 0.05‑acre site
- C‑3 zoning in downtown Newberg at 503 E 1ST St
- Open storefront area with high ceilings and natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,658
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$493,160
$493.2K
Cap Rate 7%
$352,257
$352.3K
Cap Rate 9%
$273,978
$274.0K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$37.1K $18.00/SF
− Vacancy
−$1.9K −$0.90/SF
EGI
$35.2K $17.10/SF
− OpEx
−$10.6K −$5.13/SF
NOI
$24.7K $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%
$493,160
Cap Rate 7%
$352,257
Cap Rate 9%
$273,978
Alternative Uses
Best Use
Retail
$352.3K
$308.2K – $411.0K
NOI $24,658 @ 7.0% cap · market cap 4.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$556.0K
$486.5K – $648.7K
NOI $38,923 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 28%
Wells Fargo
Shops & Services
4,187 visits/mo
0.0 miles
Burrito Loco
Dining
3,827 visits/mo
0.3 miles
Papa Murphy's
Dining
3,519 visits/mo
0.3 miles
Domino's Pizza
Dining
2,760 visits/mo
0.1 miles
SUBWAY
Dining
2,269 visits/mo
0.4 miles
Demographics for 97132, OR
32,028
Population
12,411
Households
2.6
Avg Household Size
38
Median Age
39%
College-Educated
93%
High-School Grad
62.6 sq mi
ZIP Area
512
Density / Sq Mi
$95,150
Median Household Income
$46,005
Median Earnings
$1,567
Median Rent
$498,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Fulton Street Cottage Flowers — 1801 e, fulton st, newberg, or 97132
Frequently Asked Questions
What type of property is this?
Storefront property - C-3-zoned commercial building offers an adaptable open layout, kitchen, meeting room, storage, and alley access.
Where is this storefront property located?
The property is located at 503 E 1ST St Newberg, OR.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,060 square feet on a 0.05‑acre site; C‑3 zoning in downtown Newberg at 503 E 1ST St; Open storefront area with high ceilings and natural light
