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    10100 40 St Newport, OR 97366
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    10100 40 St Newport, OR 97366

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    • Land
    • 3.06 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 10100 40 St

    Lot size
    3.06 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 3.06-acre industrial property in Newport, Oregon, presents a unique investment opportunity. Located at Lot 10100 SE 40th St, this I-3 zoned land offers diverse development potential. The site encompasses 2.33 acres of designated forest and a 0.73-acre undeveloped industrial area featuring a 1,152 square foot storage outbuilding. Its convenient location just off Highway 101/Oregon Coast Highway provides excellent accessibility. The I-3 zoning permits a wide range of uses, including parking facilities, contractor and industrial services, light and some heavy manufacturing, warehousing, wholesale sales, educational institutions, and mining. Detailed zoning information is available on the NewportOregon.gov website. This property is identified by APN R526776 and is offered at $1,275,000. Note that an adjacent 11.56-acre industrial site (4003 S Coast Hwy) is also available for purchase. This presents a compelling opportunity for expansion or consolidation. The property's size, zoning, and location make it an attractive prospect for various industrial and commercial ventures. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.049
    Latitude
    44.6091

    Comparable in this City

    • Value Estimation by Request
      11.56 Acres

      4003 Coast Hwy

      Land • 11.56 Acres
      4003 Coast Hwy, South Beach, OR 97366
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    • Value Estimation by Request

      Us-101

      Land
      0 Us-101, Newport, OR 97366
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    • Value Estimation by Request
      3.00 Acres

      Bracken Ter

      Land • 3.00 Acres
      0 Bracken Ter, South Beach, OR 97366
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    • Value Estimation by Request
      1,710 SF

      S

      MINI-WAREHOUSE, STORAGE • 1,710 SF
      S, Beach, OR 97366
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    • Value Estimation by Request
      3,280 SF

      S

      MINI-WAREHOUSE, STORAGE • 3,280 SF
      S, Beach, OR 97366
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    • Value Estimation by Request
      1,728 SF

      130 32nd St

      DISTRIBUTION WAREHOUSE • 1,728 SF
      130 32nd St, Newport, OR 97366
      View Details

    Similar Nearby for Sale

    • $3,900,000

      Land For Sale

      Land available for sale.
      4003 S Coast Hwy, Newport, OR 97366
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    • $240,500
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      SouthBeach Land Near Beach Access

      Prime lot near beach access in SouthBeach, Oregon.
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    • $240,500
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      Prime Lot Near Beach Access

      Residential lot near beach access and community clubhouse.
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    • $240,000
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      Oceanview Land in South Beach

      3-acre build-ready parcel with ocean view potential and easy access.
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    • $3,900,000
      14.62 Acres

      Newport Heavy Industrial Land Opportunity

      14.62 acres of flat, usable land in South Beach.
      4003 S Coast Hwy, Newport, OR 97366
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    10100 40 St
    Newport, OR 97366
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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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