Mixed-Use Building with Two
For Sale
$2,590,000
811 E 1st St, Newberg, OR 97132
Street-level commercial space sits below two upper-floor units currently used for short-term stays.
Property Size7,210 SF
Price / SF$359.22
Days on Market264
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
Site & Location
Corner Location
Yes
Mixed-Use Components
commercial, residential
Taxes and HOA fees
Annual Taxes
$3,999
Building Details
Building Size
7,210 SF
Year Built
1888
Buildings
1
Stories
2
Listing Agency:
Keller Williams Southern Oregon-Umpqua Valley
(541) 529-2320
Listed By:
Tammy Kenworthy · License #950300189
(541) 952-9340
Source:
Eaglecaprealty
Added: Feb 10
Changed: Oct 26
Last Checked: Oct 29 at 7:15PM
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
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Investment Insights
Based on property information with market context.
At 811 E 1st St in Newberg, this mixed-use property combines ground-floor commercial space with two residential units above. The upper units currently operate as short-term rentals, while the commercial area can accommodate restaurant, tasting room, retail, or hospitality uses. The building dates to 1888 and is zoned C3.
The corner property stands at E 1st and Meridian streets in downtown Newberg, within Oregon Wine Country.
The corner property stands at E 1st and Meridian streets in downtown Newberg, within Oregon Wine Country.
Key Highlights
- Two upper‑level residential units operate as short‑term rentals
- Ground‑floor commercial space supports restaurant, tasting room, retail, or hospitality uses
- Built in 1888 and zoned C3
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,442
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,109
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level commercial space sits below two upper-floor units currently used for short-term stays.
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: Two upper‑level residential units operate as short‑term rentals; Ground‑floor commercial space supports restaurant, tasting room, retail, or hospitality uses; Built in 1888 and zoned C3
