Mixed-Use Office/Retail
For Sale
$580,000
750 MARINE Dr, Astoria, OR 97103
CommercialSale, Astoria, OR
Property Size3,654 SF
Lot Size0.25 Acres
Price / SF$158.73
Days on Market325
Property Features for 750 MARINE Dr
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C4
Directions
8th Street & Astor Street
Subdivision
_180
Standard status
Active
APN
22507
Size
3,654 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
MCCLURES LT 3, ELY 10' LT 2 BLK 10 EXC ST,MCCLURES LT 4 EXC HWY & N 5' FOR ST; LT 5 FRACTION N OF HWY BL
Tax Annual Amount
9369
Legal Description
MCCLURES LT 3, ELY 10' LT 2 BLK 10 EXC ST,MCCLURES LT 4 EXC HWY & N 5' FOR ST; LT 5 FRACTION N OF HWY BL
Utilities
Heating system
Heat Pump (Heating), Forced Air
Cooling system
Heat Pump
Amenities
community kitchen
Building Details
Year built
1958
Floors in Building
1
Building materials
WoodSiding
Roof type
Built-Up
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Roger Mitchell
(805) 540-8586
Added: Oct 6, 2025
Changed: Aug 25
Last Checked: Aug 26 at 10:06AM
MLS# 374152931
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use office and retail building contains 3,654 square feet on a 0.25-acre site. The property includes a community kitchen, dedicated parking, and existing tenants on month-to-month leases. Its configuration can support either multiple occupants or a single user with limited remodeling. A drop ceiling conceals wood ceilings and glue-lam beams, creating a restoration opportunity within the 1958 structure.
The property is located at 750 Marine Dr in Astoria, one block from the riverwalk and within walking distance of the courthouse. It offers access to adjacent thoroughfares and is surrounded by complementary uses. C4 zoning provides the governing commercial land-use designation.
The property is located at 750 Marine Dr in Astoria, one block from the riverwalk and within walking distance of the courthouse. It offers access to adjacent thoroughfares and is surrounded by complementary uses. C4 zoning provides the governing commercial land-use designation.
Key Highlights
- 3,654 square feet on a 0.25‑acre site
- C4 zoning in Astoria
- Dedicated parking for an office building
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 property with dedicated parking, flexible occupancy, 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: 3,654 square feet on a 0.25‑acre site; C4 zoning in Astoria; Dedicated parking for an office building
