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    8000 Alpine St Newport, OR 97365

    • Specialty properties
    For Sale
    View listing
    $95,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 8000 Alpine St

    Property type
    Specialty properties

    Description

    This exceptional 3,049.2 square foot commercial lot presents a unique investment opportunity in the highly desirable Nye Beach area of Newport, Oregon. Located at 8000 NW Alpine Street, this property boasts flexible zoning, opening doors to a wide array of potential commercial ventures. The asking price is $95,000, making it an attractive proposition for savvy investors seeking a foothold in a thriving coastal community. The property's location within Nye Beach offers unparalleled access to the area's vibrant atmosphere, attracting significant foot traffic and tourism. This translates to high visibility and potential for strong returns on investment. The generous lot size provides ample space for development, allowing for creative design and efficient use of the land. The flexible zoning regulations offer considerable latitude in terms of permitted uses, making this property suitable for a diverse range of businesses. With its prime location and development potential, this commercial lot represents a rare opportunity to establish a successful enterprise in one of Oregon's most sought-after coastal destinations. The property is situated in Lincoln County, Oregon, and has a 97365 zip code. Its geographic coordinates are 44.6398564 latitude and -124.0614991 longitude. This is a truly exceptional opportunity to capitalize on the burgeoning commercial landscape of Nye Beach.

    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
    -124.062
    Latitude
    44.6399

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

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      CHARITABLE ORGANIZATION • 0.11 Acres
      Newport, OR 97365
      View Details
    • Value Estimation by Request
      2,096 SF

      1025 Grv St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,096 SF
      1025 Grv St, Newport, OR 97365
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    • Value Estimation by Request
      28,817 SF

      333 Bay Blvd

      CHARITABLE ORGANIZATION • 28,817 SF
      333 Bay Blvd, Newport, OR 97365-4505
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    • Value Estimation by Request
      0.22 Acres

      789 Bch Dr

      CHARITABLE ORGANIZATION • 0.22 Acres
      789 Bch Dr, Newport, OR 97365
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    • Value Estimation by Request
      2,970 SF

      Newport, OR 97365

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,970 SF
      Newport, OR 97365
      View Details
    • Value Estimation by Request
      0.06 Acres

      Newport, OR 97365

      CHARITABLE ORGANIZATION • 0.06 Acres
      Newport, OR 97365
      View Details

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    8000 Alpine St
    Newport, OR 97365
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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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