715 SW Hurbert Street, Newport, OR 97365
Four leased retail units in a C-1 corner building highly visible from Hwy 101, with adjacent city parking.
- Added:
- Jun 17, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 24 at 5:28 am
Property Features for 715 SW Hurbert Street
General Information
- Standard status
- Active
- Size
- 3,960 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1979
Listing office Martek Real Estate (541) 961-6688
Listing date Jun 17, 2026
Source Crexi
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 Martek Real Estate
HighLights
- Four‑unit retail building built in 1979, located on a corner of Hwy 101 and Hurbert Street
- Zoned C‑1 and highly visible from Hwy 101
- All four units are currently leased
- Located within the City Center Revitalization Zone, with upcoming grants available for facades
- City parking lot adjacent to the building
Overview
The property is located at the corner of Hwy 101 and Hurbert Street in a high-traffic area. It is described as being just a few blocks from the ocean beaches and is within the City Center Revitalization Zone. A city parking lot sits adjacent to the building, and the listing notes visibility from Hwy 101.
For buyers seeking a multi-unit retail acquisition, the current leasing of all four units provides immediate occupancy. The City Center Revitalization Zone designation is noted as offering upcoming grants available for facades, which may be relevant for buyers and operators considering exterior improvements. Drive-bys are welcome, and tenants should not be disturbed.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $71.3k | $18.00 |
| − Vacancy | −$2.4k | −$0.61 |
| EGI | $68.8k | $17.39 |
| − OpEx | −$20.7k | −$5.22 |
| NOI | $48.2k | $12.17 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Newport
- County
- Lincoln
- State
- Oregon
- Longitude
- -124.057103
- Latitude
- 44.633679
