Mixed-Use Property with Covered
For Sale
$1,650,000
701 NW Beach Drive, Newport, OR 97365
C-2 General Commercial property with electric service and covered off-street parking.
Property Size5,115 SF
Days on Market112
Property Features for 701 NW Beach Drive
General Information
Standard status
Active
Size
5,115 SF
Property subtype
Commercial
Zoning
C-2 General Commercial
Taxes and HOA fees
Annual Taxes
$12,331
Building Details
Building Size
5,115 SF
Year Built
2007
Stories
1
Listing Agency:
Advantage Real Estate
(541) 961-9285
Listed By:
Elise L Jordan
(541) 961-9285
Source:
Allprofessionalsre
Added: May 12
Changed: Aug 30
Last Checked: Aug 19 at 12:13PM
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 Advantage Real Estate
Investment Insights
Based on property information with market context.
Located at 701 NW Beach Drive in Newport, Oregon, this 5,115-square-foot mixed-use property was built in 2007. The building includes electric service and off-street covered parking.
The property is zoned C-2 General Commercial and is situated in Lincoln County. Access directions lead west on NW Olive Street before turning onto NW Coast Street.
The property is zoned C-2 General Commercial and is situated in Lincoln County. Access directions lead west on NW Olive Street before turning onto NW Coast Street.
Key Highlights
- 5,115 SF mixed‑use property
- C‑2 General Commercial zoning
- Built in 2007
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,251
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,245,020
$1.2M
Cap Rate 7%
$889,300
$889.3K
Cap Rate 9%
$691,678
$691.7K
Market Conditions
NOI Build-Up for 5,115 SF
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.
Gross rent
$92.1K $18.00/SF
− Vacancy
−$3.1K −$0.61/SF
EGI
$88.9K $17.39/SF
− OpEx
−$26.7K −$5.22/SF
NOI
$62.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,245,020
Cap Rate 7%
$889,300
Cap Rate 9%
$691,678
Alternative Uses
Best Use
Retail
$889.3K
$778.1K – $1.04M
NOI $62,251 @ 7.0% cap · market cap 3.77%
Second Best
Mixed Use
$669.7K
$586.0K – $781.3K
NOI $46,879 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$1.33M
$1.17M – $1.56M
NOI $93,391 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2 General Commercial property with electric service and covered off-street parking.
Where is this mixed-use property located?
The property is located at 701 NW Beach Drive Newport, OR.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 5,115 SF mixed‑use property; C‑2 General Commercial zoning; Built in 2007
