Historic Mixed-Use
For Sale
$2,590,000
811 E 1st St, Newberg, OR 97132
Corner property combining street-level business space with two upper-level residential units operated as short-term rentals.
Property Size7,210 SF
Days on Market201
Property Features for 811 E 1st St
General Information
Standard status
Active
Size
7,210 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
C3
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$3,999
Building Details
Building Size
7,210 SF
Year Built
1888
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
Keller Williams Southern Oregon-Umpqua Valley
(541) 952-9340
Listed By:
Tammy Kenworthy
(541) 952-9340
Source:
Allprofessionalsre
Added: Feb 10
Changed: Aug 29
Last Checked: Jul 20 at 4:07AM
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 Keller Williams Southern Oregon-Umpqua Valley
Investment Insights
Based on property information with market context.
Built in 1888, this two-level corner property at 811 E 1st Street combines commercial and residential uses in downtown Newberg. The ground floor provides business space suited to restaurant, tasting room, retail, or hospitality operations, while two residential units occupy the upper level and currently function as short-term rentals.
The building sits at the intersection of 1st and Meridian Street, placing it within Newberg’s walkable downtown environment. Original architectural elements and prominent street exposure contribute to the property’s established presence. Its configuration accommodates both commercial activity and residential occupancy within one historic structure.
The building sits at the intersection of 1st and Meridian Street, placing it within Newberg’s walkable downtown environment. Original architectural elements and prominent street exposure contribute to the property’s established presence. Its configuration accommodates both commercial activity and residential occupancy within one historic structure.
Key Highlights
- Constructed in 1888 and located at 811 E 1st Street in Newberg
- Mixed‑use layout with ground‑floor commercial space and two upper‑level residential units
- Upper‑level units currently operate as short‑term rentals
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
$93,442
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
3.61%
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%
$1,868,840
$1.9M
Cap Rate 7%
$1,334,886
$1.3M
Cap Rate 9%
$1,038,244
$1.0M
Market Conditions
NOI Build-Up for 7,210 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
$155.7K $21.60/SF
− Vacancy
−$6.2K −$0.86/SF
EGI
$149.5K $20.74/SF
− OpEx
−$56.1K −$7.78/SF
NOI
$93.4K $12.96/SF
Area
Yamhill County, OR
Vacancy
4.00%
Lease Rate
$21.60 /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%
$1,868,840
Cap Rate 7%
$1,334,886
Cap Rate 9%
$1,038,244
Alternative Uses
Best Use
Mixed Use
$1.33M
$1.17M – $1.56M
NOI $93,442 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$1.32M
$1.16M – $1.54M
NOI $92,576 @ 7.0% cap · market cap 3.57%
Theoretical Best
Office A
$1.95M
$1.70M – $2.27M
NOI $136,231 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,109
Businesses Nearby
Explore this area
Business Placement
Demographics for 97132, OR
32,028
Population
12,411
Households
2.6
Avg Household Size
38
Median Age
39%
College-Educated
93%
High-School Grad
62.6 sq mi
ZIP Area
512
Density / Sq Mi
$95,150
Median Household Income
$46,005
Median Earnings
$1,567
Median Rent
$498,500
Median Home Value
Market
Vacancy Rate% for Multifamily 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 - Corner property combining street-level business space with two upper-level residential units operated as short-term rentals.
Where is this mixed-use property located?
The property is located at 811 E 1st St Newberg, OR.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: Constructed in 1888 and located at 811 E 1st Street in Newberg; Mixed‑use layout with ground‑floor commercial space and two upper‑level residential units; Upper‑level units currently operate as short‑term rentals
