Six-Unit Retail Condominium
For Sale
$1,322,132
701 NW Beach Drive, Newport, OR 97365
Commercial Sale, Newport, OR
Property Size4,106 SF
Lot Size0.12 Acres
Price / SF$322
Days on Market182
Property Features for 701 NW Beach Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C-2 General Commercial
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 1, Bathroom 2
Parking features
Off Street, Covered
Directions
Head west on NW Olive St. Take a right on NW Coast St.
Standard status
Active
APN
111105CC-88005-00
Size
4,106 SF
Lot size
0.12 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12331
HOA Fee
$655 Monthly
Utilities
Sewer type
Public Sewer
Cooling system
Electric
Water source
Public
Amenities
dedicated onsite parking
Building Details
Year built
2007
Floors in Building
1
Building materials
Concrete, Stone
Roof type
Shingle
Buildings
1
Listing Agency:
Advantage Real Estate
(541) 265-2200
Listed By:
Elise L Jordan · License #201253368
(541) 961-9285
Added: May 1
Changed: Oct 28
Last Checked: Oct 29 at 6:06PM
MLS# 26-1281
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.
This retail property comprises six commercial condominium units on the ground floor of a mixed-use building completed in 2007. The units contain 4,106 square feet in total and are fully occupied. The sale excludes the residential condominiums on the upper floors, as well as the businesses operating in the commercial spaces.
At 701 NW Beach Drive in Newport, the property is in the Nye Beach district, near beach access. Parking includes covered, off-street spaces. The site has public water service and public sewer.
At 701 NW Beach Drive in Newport, the property is in the Nye Beach district, near beach access. Parking includes covered, off-street spaces. The site has public water service and public sewer.
Key Highlights
- Six ground‑floor retail condominium units totaling 4,106 square feet
- 100% occupied
- Located in Newport’s Nye Beach district near beach access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,971
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$999,420
$999.4K
Cap Rate 7%
$713,871
$713.9K
Cap Rate 9%
$555,233
$555.2K
Market Conditions
NOI Build-Up for 4,106 SF
Gross rent
$73.9K $18.00/SF
− Vacancy
−$2.5K −$0.61/SF
EGI
$71.4K $17.39/SF
− OpEx
−$21.4K −$5.22/SF
NOI
$50.0K $12.17/SF
Area
Lincoln County, OR
Vacancy
3.41%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$999,420
Cap Rate 7%
$713,871
Cap Rate 9%
$555,233
Alternative Uses
Best Use
Retail
$713.9K
$624.6K – $832.9K
NOI $49,971 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$937.1K – $1.25M
NOI $74,968 @ 7.0% cap · market cap 5.67%
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
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,133
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Six ground-level commercial condominium spaces are fully occupied within a mixed-use building.
Where is this retail space located?
The property is located at 701 NW Beach Drive Newport, OR.
What is the asking price?
The asking price for this property is $1,322,132.
What are key features of this property?
This property features: Six ground‑floor retail condominium units totaling 4,106 square feet; 100% occupied; Located in Newport’s Nye Beach district near beach access
