Mixed-Use Building with Dedicated
For Sale
$580,000
750 Marine Dr, Astoria, OR 97103
C4-zoned office and retail property with month-to-month tenants and a community kitchen.
Property Size3,654 SF
Days on Market319
Property Features for 750 Marine Dr
General Information
Standard status
Active
Size
3,654 SF
Property subtype
Commercial
Zoning
C4
Property Condition
Severity
Minor
Evidence
minimal remodel
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$9,368
Amenities
community kitchen
Building Details
Building Size
3,654 SF
Year Built
1958
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
eXp Realty, LLC
(805) 540-8586
Listed By:
Roger Mitchell
(805) 540-8586
Source:
Allprofessionalsre
Added: Oct 6, 2025
Changed: Aug 20
Last Checked: Aug 20 at 1:57AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1958, this mixed-use office and retail building includes an existing community kitchen and dedicated on-site parking. The layout can support either a multi-tenant arrangement or a single occupant with limited remodeling, subject to the applicable work required. Current occupants are leased on a month-to-month basis.
The property offers convenient entry and exit to nearby thoroughfares and sits one block from the riverwalk. It is also within walking distance of the courthouse. Beneath the drop ceiling, original wood ceilings and glulam beams may provide a restoration feature for a future renovation. The property is located in the C4 zoning district.
The property offers convenient entry and exit to nearby thoroughfares and sits one block from the riverwalk. It is also within walking distance of the courthouse. Beneath the drop ceiling, original wood ceilings and glulam beams may provide a restoration feature for a future renovation. The property is located in the C4 zoning district.
Key Highlights
- Mixed‑use office and retail building constructed in 1958
- C4 zoning district
- Existing community kitchen and dedicated parking
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
$24,116
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
4.16%
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%
$482,320
$482.3K
Cap Rate 7%
$344,514
$344.5K
Cap Rate 9%
$267,956
$268.0K
Market Conditions
NOI Build-Up for 3,654 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
$43.8K $12.00/SF
− Vacancy
−$5.3K −$1.44/SF
EGI
$38.6K $10.56/SF
− OpEx
−$14.5K −$3.96/SF
NOI
$24.1K $6.60/SF
Area
Clatsop County, OR
Vacancy
12.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
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%
$482,320
Cap Rate 7%
$344,514
Cap Rate 9%
$267,956
Alternative Uses
Best Use
Office B
$876.5K
$766.9K – $1.02M
NOI $61,352 @ 7.0% cap · market cap 10.58%
Second Best
Retail
$802.1K
$701.8K – $935.8K
NOI $56,145 @ 7.0% cap · market cap 9.68%
Theoretical Best
Office A
$1.06M
$929.6K – $1.24M
NOI $74,366 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
Explore this area
Business Placement
Demographics for 97103, OR
18,080
Population
8,007
Households
2.3
Avg Household Size
44
Median Age
25%
College-Educated
93%
High-School Grad
163.3 sq mi
ZIP Area
111
Density / Sq Mi
$75,080
Median Household Income
$41,222
Median Earnings
$1,156
Median Rent
$437,900
Median Home Value
Market
Vacancy Rate% for Office 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 - C4-zoned office and retail property with month-to-month tenants and a community kitchen.
Where is this mixed-use property located?
The property is located at 750 Marine Dr Astoria, OR.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Mixed‑use office and retail building constructed in 1958; C4 zoning district; Existing community kitchen and dedicated parking
