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    Property profile & analytics

    536 Elizabeth St Newport, OR 97365-5012

    • Hotels
    • 14,838 SF
    • 1.15 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0670729
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Shilo Inns Newport Oceanfront / Hotel / Fine Dining Restaurant

    Property Details for 536 Elizabeth St

    Year built
    1966
    Construction
    WOOD
    Lot size
    1.15 lot acres
    Property size
    14,838 SF
    Zone code
    C-2;COMMERCIAL
    Property type
    Hotels
    Property subtype
    Motels
    APN
    11-11-08-BC-09700-00
    APU
    111108BC0970000

    Description

    This 179-key, four-story hotel in Newport, Oregon, presents a compelling investment opportunity. Situated on a 2.48-acre lot at 536 SW Elizabeth St, 97365, this fee-simple property boasts a prime location visible from US Route 101, near key attractions like Historic Nye Beach, Yaquina Bay Bridge, and the Oregon Coast Aquarium. Built in 1966, the hotel features an indoor pool, laundry service, and a business center. The property has consistently generated over $2.6 million in total room revenue, indicating strong potential for future growth. A renovation would further enhance its value and market position. The hotel is currently free of existing management and financing contracts, offering a clean and attractive investment opportunity for a buyer seeking to capitalize on the anticipated increase in RevPAR and higher net operating income. This upper midscale hotel offers a significant value-add opportunity in a thriving coastal market. The property's strong revenue history and strategic location make it an ideal acquisition for an experienced hospitality investor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.064
    Latitude
    44.6324
    CBSA code
    35440
    CBSA name
    NEWPORT, OR MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $50,509
    $0.00
    $0.00
    $2,783,190
    -
    $2,833,300
    $2,847,580
    $5,680,880

    Comparable in this City

    • Value Estimation by Request
      13,315 SF

      175 Gilbert Way

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    • Value Estimation by Request
      4,160 SF

      806 Coast Hwy

      HOTEL/MOTEL • 4,160 SF
      806 Coast Hwy, Newport, OR 97365
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    • Value Estimation by Request
      7,478 SF

      728 Coast Hwy

      HOTEL/MOTEL • 7,478 SF
      728 Coast Hwy, Newport, OR 97365-3151
      View Details
    • Value Estimation
      $5,050,000
      14,464 SF

      710 Coast Hwy

      HOTEL/MOTEL • 14,464 SF
      710 Coast Hwy, Newport, OR 97365-3151
      View Details
    • Value Estimation by Request
      6,171 SF

      8835 Coast Hwy

      HOTEL/MOTEL • 6,171 SF
      8835 Coast Hwy, Newport, OR 97365-9514
      View Details
    • Value Estimation
      $365,000
      4,576 SF

      44 Brk St

      HOTEL/MOTEL • 4,576 SF
      44 Brk St, Newport, OR 97365-3932
      View Details

    Similar Nearby for Sale

    • $3,950,000
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      Renovated Motel on Highway 101

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    • $1,350,000
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      Newport Restaurant & Mixed-Use Opportunity

      Prime Nye Beach location, fully equipped restaurant, high potential.
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    • $349,000
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    • $95,000

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    • $2,888,000

      Yaquina Bay Rd Commercial Property

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    536 Elizabeth St
    Newport, OR 97365-5012
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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