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    408 1St St Newberg, OR 97132

    • Office Properties & Spaces
    • 0.06 lot acres
    For Sale
    View listing
    $850,000
    Value Estimation
    Last Sale
    Jul 21, 2021
    $750,000
    Location Intelligence
    Property ID
    US71-0968817
    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

    • Reid Rental / Equipment Rental Agency / Landscaping Supply Store
    • Barley & Vine Tavern / Bar
    • Bunn Bldg. / Store
    • Daniel Garris / Massage Therapist

    Property Details for 408 1St St

    Lot size
    0.06 lot acres
    Zone code
    C3
    Property type
    Office Properties & Spaces
    APN
    R3219AB 08500
    APU
    R3219AB08500

    Description

    This exceptional investment opportunity presents a rare mixed-use building situated on Newberg's First Street, directly adjacent to City Hall. The property encompasses 2,500 square feet on a 0.06-acre lot and features a ground floor commercial space currently leased to Barley & Vine, a well-established tenant. The upper level comprises a residential apartment, adding to the property's diverse income stream. This location offers unparalleled visibility and accessibility within the vibrant Newberg community, known for its thriving wine industry. The existing lease agreement with the ground floor tenant provides a stable and predictable income source. Detailed financial information regarding the property's income is available upon request. This is a unique chance to acquire a well-positioned, income-generating asset in a desirable Oregon wine country location. The property's strategic placement near City Hall ensures high foot traffic and visibility, further enhancing its investment potential. Serious inquiries only. Contact us to schedule a showing and explore this lucrative opportunity. The property is sold as-is.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $805,000

    • CAP approach

      CAP return
      Estimation
      6%
      $760,000
      6.5%
      $760,000
      7%
      $835,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $745,000
      Geo Method
      $745,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $835,000
      Retail
      $695,000
      Mixed-Use
      $715,000
      Hospitality
      $675,000
      Educational
      $820,000
      Residential Income
      $825,000
      Energy
      $765,000
      Income-Based Land
      $760,000
      Food Service
      $870,000

    Location Insight

    • Map
    • Local Demand
    City
    Newberg
    County
    Yamhill
    State
    Oregon
    Longitude
    -122.976
    Latitude
    45.3
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN 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
    $3,020
    $0.00
    $0.00
    $189,924
    -
    $102,119
    $752,466
    $854,585

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
      2.87 Acres

      Newberg, OR 97132

      OFFICE (GENERAL) • 2.87 Acres
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      View Details

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    408 1St St
    Newberg, OR 97132
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    Realmo Value Estimation

    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.

    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.

    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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