Marina with Vessel
New
For Sale
$2,950,000
5262 Yaquina Bay Rd #4, Newport, OR 97365
Marine-service facilities include multiple work buildings, dedicated haul-out capacity, and on-site well water.
Property Size21,000 SF
Price / SF$140.48
Days on Market4
Property Features for 5262 Yaquina Bay Rd #4
General Information
Standard status
Active
Size
21,000 SF
Property subtype
Commercial
Zoning
M-P
Warehouse & Industrial
Warehouse Space
7,500 SF
Voltage
480 V
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$15,780
Building Details
Building Size
21,000 SF
Year Built
1988
Buildings
4
Stories
1
Listing Agency:
Taylor & Taylor Realty Co.
Listed By:
Dennis Regen · License #810604051
(541) 992-2177
Source:
Duanejohnson
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 12:03PM
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 Taylor & Taylor Realty Co.
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 marina property at Oneatta Point on Yaquina Bay includes two vessel haul-outs and four site-built structures. The buildings comprise a 10,000 sq. ft. main shop, office, and work bay; a 7,500 sq. ft. warehouse; a 4,000 sq. ft. tall work bay with an aggregate floor; and a 400 sq. ft. masonry restroom and shower. Building areas are approximate, and the property was built in 1988.
Electrical service is available at 230 and 480 volts. A well supplies potable water at approximately 60 gallons per minute, and wastewater effluent goes to a drain field. The site is zoned MP, or planned marine, and lies outside the urban growth boundary. It is within a development zone in a development estuary and is designated as an Enterprise Zone.
Electrical service is available at 230 and 480 volts. A well supplies potable water at approximately 60 gallons per minute, and wastewater effluent goes to a drain field. The site is zoned MP, or planned marine, and lies outside the urban growth boundary. It is within a development zone in a development estuary and is designated as an Enterprise Zone.
Key Highlights
- Two vessel haul‑outs
- Four site‑built structures, with building areas described as approximate
- Main shop, office, and work bay: 10,000 sq. ft.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$257,843
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,156,860
$5.2M
Cap Rate 7%
$3,683,471
$3.7M
Cap Rate 9%
$2,864,922
$2.9M
Market Conditions
NOI Build-Up for 21,000 SF
Gross rent
$315.0K $15.00/SF
− Vacancy
−$11.7K −$0.56/SF
EGI
$303.3K $14.45/SF
− OpEx
−$45.5K −$2.17/SF
NOI
$257.8K $12.28/SF
Area
Lincoln County, OR
Vacancy
3.70%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,156,860
Cap Rate 7%
$3,683,471
Cap Rate 9%
$2,864,922
Alternative Uses
Best Use
Warehouse
$3.68M
$3.22M – $4.30M
NOI $257,843 @ 7.0% cap · market cap 8.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.48M
$4.79M – $6.39M
NOI $383,423 @ 7.0% cap · market cap 13.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 97365, OR
10,806
Population
6,026
Households
1.8
Avg Household Size
47
Median Age
31%
College-Educated
91%
High-School Grad
41.5 sq mi
ZIP Area
260
Density / Sq Mi
$60,736
Median Household Income
$30,963
Median Earnings
$1,155
Median Rent
$418,500
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Marina - Marine-service facilities include multiple work buildings, dedicated haul-out capacity, and on-site well water.
Where is this marina located?
The property is located at 5262 Yaquina Bay Rd #4 Newport, OR.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Two vessel haul‑outs; Four site‑built structures, with building areas described as approximate; Main shop, office, and work bay: 10,000 sq. ft.
