Connected Retail Condominium
For Sale
$1,210,000
715 NW Beach Drive, Newport, OR 97365
Commercial Sale, Newport, OR
Property Size3,025 SF
Lot Size0.06 Acres
Price / SF$400
Days on Market67
Property Features for 715 NW Beach Drive
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C-T Tourist Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Parking features
Off Street, Covered
Directions
Head west on NW Olive St. Take a right on NW Coast St.
Standard status
Active
APN
111105CC-88008-00
Size
3,025 SF
Lot size
0.06 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7294
HOA Fee
$164 Monthly
Building Details
Year built
2007
Floors in Building
1
Building materials
Concrete, Stone
Roof type
Shingle
Listing Agency:
Advantage Real Estate
(541) 265-2200
Listed By:
Elise L Jordan · License #201253368
(541) 961-9285
Added: Aug 27
Changed: Nov 1
Last Checked: Nov 1 at 11:06AM
MLS# 26-2353
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.
Four connected commercial condominium units at 715 NW Beach Drive comprise 3,025 square feet of retail space. The property was built in 2007, features concrete and stone construction, and has covered, off-street parking. The businesses operating in the units are not included in the sale; the space is fully occupied.
The property is in Newport’s Nye Beach district, within an established retail and dining area and near beach access. Its site measures 0.06 acres. The units are offered together as one connected property.
The property is in Newport’s Nye Beach district, within an established retail and dining area and near beach access. Its site measures 0.06 acres. The units are offered together as one connected property.
Key Highlights
- Four connected commercial condominium units offered together
- 3,025 square feet of retail space
- Fully occupied; operating businesses are not included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,815
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$736,300
$736.3K
Cap Rate 7%
$525,929
$525.9K
Cap Rate 9%
$409,056
$409.1K
Market Conditions
NOI Build-Up for 3,025 SF
Gross rent
$54.5K $18.00/SF
− Vacancy
−$1.9K −$0.61/SF
EGI
$52.6K $17.39/SF
− OpEx
−$15.8K −$5.22/SF
NOI
$36.8K $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%
$736,300
Cap Rate 7%
$525,929
Cap Rate 9%
$409,056
Alternative Uses
Best Use
Retail
$525.9K
$460.2K – $613.6K
NOI $36,815 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$789.0K
$690.4K – $920.5K
NOI $55,231 @ 7.0% cap · market cap 4.56%
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
Yes
Paved road access
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
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
Frequently Asked Questions
What type of property is this?
Retail space - Four connected commercial units are fully occupied by local businesses, whose operating companies are not part of the sale.
Where is this retail space located?
The property is located at 715 NW Beach Drive Newport, OR.
What is the asking price?
The asking price for this property is $1,210,000.
What are key features of this property?
This property features: Four connected commercial condominium units offered together; 3,025 square feet of retail space; Fully occupied; operating businesses are not included in the sale
