Storefront with Covered
715 NW Beach Drive Units C5-C8, Newport, OR 97365
For Sale
$1,210,000
The Newport property carries C-T Tourist Commercial zoning and includes covered off-street parking.
Property Size3,025 SF
Price / SF$391.46
Days on Market80
Property Features for 715 NW Beach Drive Units C5-C8
General Information
Standard status
Size
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
Kitchen Facilities
Accessible Entrance
Other
Off Street, Covered
Building Details
Building Size
Year Built
Stories
Listing Agency:
Advantage Real Estate
Listed By:
Elise L Jordan · License OR #201253368
(541) 961-9285
Source:
Evrealestate
Added: Aug 27
Changed: Nov 1
Last Checked: Nov 12 at 7:50AM
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
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.
Located at 715 NW Beach Drive, Units C5-C8, in Newport, Oregon, this storefront property contains 3,091 square feet. The building was constructed in 2007 and is zoned C-T Tourist Commercial.
Covered off-street parking is available at the property.
Covered off-street parking is available at the property.
Key Highlights
- 3,091‑square‑foot storefront property
- C‑T Tourist Commercial zoning
- Covered off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,619
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$752,380
$752.4K
Cap Rate 7%
$537,414
$537.4K
Cap Rate 9%
$417,989
$418.0K
Market Conditions
NOI Build-Up for 3,091 SF
Gross rent
$55.6K $18.00/SF
− Vacancy
−$1.9K −$0.61/SF
EGI
$53.7K $17.39/SF
− OpEx
−$16.1K −$5.22/SF
NOI
$37.6K $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%
$752,380
Cap Rate 7%
$537,414
Cap Rate 9%
$417,989
Alternative Uses
Best Use
Retail
$537.4K
$470.2K – $627.0K
NOI $37,619 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$806.2K
$705.5K – $940.6K
NOI $56,436 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,133
Businesses Nearby
Under-served
Demand for This Use
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
$418,500
Median Home Value
Market
Average Price Trend$/SF for Storefront properties in Lincoln County, OR
Properties on Market for Storefront properties in Lincoln County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - The Newport property carries C-T Tourist Commercial zoning and includes covered off-street parking.
Where is this storefront property located?
The property is located at 715 NW Beach Drive Units C5-C8 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: 3,091‑square‑foot storefront property; C‑T Tourist Commercial zoning; Covered off‑street parking
