Ocean-View Storefront
727 NW 3rd Street, Newport, OR 97365
For Sale
$540,000
Commercial Sale, Newport, OR
Property Size2,606 SF
Lot Size0.13 Acres
Price / SF$207.21
Days on Market491
Property Features for 727 NW 3rd Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
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Parking features
Appliances
Subdivision
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APN
Size
Lot size
Taxes and HOA fees
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Tax Annual Amount
Utilities
Utilities
Sewer type
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Water source
Building Details
Year built
Floors in Building
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Building materials
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Buildings
Listing Agency:
Martek Real Estate
(541) 265-8785
Listed By:
Sonja S. Lovas · License OR #201104108
(541) 961-3866
Added: Jul 11, 2025
Changed: Oct 28
Last Checked: Nov 13 at 11:06PM
MLS# LC-104250
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 2,606-square-foot storefront dates to 1910 and sits on a 0.13-acre parcel, with an additional lot to the west included. The building was used as a bookstore for many years, and ocean views are available from most rooms.
The property is a few blocks from beach access and near restaurants, boutiques, and the Performing Arts Center in Newport. Public water and sewer are available, with off-street parking.
The property is a few blocks from beach access and near restaurants, boutiques, and the Performing Arts Center in Newport. Public water and sewer are available, with off-street parking.
Key Highlights
- 2,606‑square‑foot storefront on 0.13 acres
- Additional lot west of the building included
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,716
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,320
$634.3K
Cap Rate 7%
$453,086
$453.1K
Cap Rate 9%
$352,400
$352.4K
Market Conditions
NOI Build-Up for 2,606 SF
Gross rent
$46.9K $18.00/SF
− Vacancy
−$1.6K −$0.61/SF
EGI
$45.3K $17.39/SF
− OpEx
−$13.6K −$5.22/SF
NOI
$31.7K $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%
$634,320
Cap Rate 7%
$453,086
Cap Rate 9%
$352,400
Alternative Uses
Best Use
Retail
$453.1K
$396.5K – $528.6K
NOI $31,716 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$679.7K
$594.8K – $793.0K
NOI $47,581 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open 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
$418,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - A separate parcel west of the 1910 building is part of the offering.
Where is this storefront property located?
The property is located at 727 NW 3rd Street Newport, OR.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: 2,606‑square‑foot storefront on 0.13 acres; Additional lot west of the building included; Built in 1910
