Multi-Tenant Office
For Sale
$2,070,000
644 S Coast Highway, Newport, OR 97365
Commercial Sale, Newport, OR
Property Size9,400 SF
Lot Size17,424.00 Acres
Price / SF$220.21
Days on Market137
Property Features for 644 S Coast Highway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C-1 Commercial
Parking
34
Parking features
Off Street, Open, Covered
Security features
Security System
Accessibility
Accessible Elevator Installed
Directions
S Coast Hwy to Sign
Standard status
Active
APN
R385141
Size
9,400 SF
Lot size
17,424.00 Acres
Additional Details
Condition
Turnkey
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
18865
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Floors in Building
3
Building materials
Wood Siding, Lap Siding
Roof type
Composition
Listing Agency:
Windermere Willamette Valley
(541) 754-6101
Listed By:
Hong Wolfe · License #200609065
(541) 265-5455
Added: Jun 15
Changed: Oct 29
Last Checked: Oct 29 at 6:06PM
MLS# 26-1652
Copyright © 2026 Oregon Coast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The multi-tenant office property contains approximately 9,400 square feet on 0.40 acres, with about 24 surface parking spaces. Building systems include central air conditioning and forced-air natural gas heat, and an accessible elevator is installed. Public water and sewer serve the site; the building was constructed in 1985.
Key Highlights
- Approximately 9,400 square feet on 0.40 acres
- About 24 surface parking spaces
- C‑1 Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,615
Cap Rate
6.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,892,300
$2.9M
Cap Rate 7%
$2,065,929
$2.1M
Cap Rate 9%
$1,606,833
$1.6M
Market Conditions
NOI Build-Up for 9,400 SF
Gross rent
$250.4K $26.64/SF
− Vacancy
−$57.6K −$6.13/SF
EGI
$192.8K $20.51/SF
− OpEx
−$48.2K −$5.13/SF
NOI
$144.6K $15.38/SF
Area
Lincoln County, OR
Vacancy
23.00%
Lease Rate
$26.64 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,892,300
Cap Rate 7%
$2,065,929
Cap Rate 9%
$1,606,833
Alternative Uses
Best Use
Office B
$2.07M
$1.81M – $2.41M
NOI $144,615 @ 7.0% cap · market cap 6.99%
Second Best
Healthcare Medical
$1.40M
$1.22M – $1.63M
NOI $97,764 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$2.45M
$2.15M – $2.86M
NOI $171,627 @ 7.0% cap · market cap 8.29%
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
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
326
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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Central air, forced-air natural gas heat, and an accessible elevator serve the property.
Where is this office building located?
The property is located at 644 S Coast Highway Newport, OR.
What is the asking price?
The asking price for this property is $2,070,000.
What are key features of this property?
This property features: Approximately 9,400 square feet on 0.40 acres; About 24 surface parking spaces; C‑1 Commercial zoning
