New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,720,000
Turn key restaurants
1000 Bay Blvd, Newport, OR 97365-4201
Individually Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0809517
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1977
Construction
WOOD
Total area
12,895 SF
Lot
1.32 ac (57,499 SF)
Zoning code
W-2;WATER RELATED
APN
11-11-09-CB-00105-00
UPID
US71-0809517
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Embarcadero Resort Hotel & Marina Hotel & Motel Resort
-
Myril Eatery and Wine Bar Restaurant
-
Myril Eatery & Wine Bar Restaurant
-
Boat Rental - Newport Boat Rental Service
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.72M
Blend (final)
Blend
$2.72M
Owner & transaction history
Hal B Nash · 9 yrs held
Hal B Nash
since 2017
7 recorded transactions
Zoning & alternative use
W-2;WATER RELATED · Newport, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,185,000
Current use
COMMERCIAL (GENERAL)
$3,110,000
Change: -2% · Conversion: Easy
RETAIL STORES
$2,555,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$2.72M
Range $2.45M – $2.99M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$211 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,547
Tax year 2023
Assessed value
$1,352,590
Assessed 2023
Previous assessed
$1,313,200
+3.0% YoY
Effective rate
1.81%
On assessed value
Land market value
$661,250
Improvement market value
$2,201,370
Total market value
$2,862,620
Applied tax rate
104.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1977
Construction
WOOD
Heating
FORCED AIR
Buildings
3
Total area
12,895 SF
Lot
1.32 ac (57,499 SF)
Zoning code
W-2;WATER RELATED
APN
11-11-09-CB-00105-00
UPID
US71-0809517
Jurisdiction
LINCOLN
Zoning & alternative use
W-2;WATER RELATED · Newport, OR
Zoning W-2;WATER RELATED · permitted uses
W-2;WATER RELATED · Newport, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.1M
RETAIL STORES
Est. value
$2.6M
RESTAURANT Current
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Construction
WOOD
Heating
FORCED AIR
Buildings
3
Lot
1.32 ac
Current owner
From public records · entity-resolved
Hal B Nash
Individual
Free & Clear · 9 yrs held
Mailing address
1260 NW WATERHOUSE AVE STE #150, BEAVERTON, OR 97006-8114
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2017
—
Hal B Nash
Murphy,thomas A & Karel J H
Grant Deed
related
—
Feb 15, 2012
—
Robert R Denny
Boca Investment Holdings LLC
Quit Claim Deed
related
—
Apr 7, 2006
—
Association Of Un Owners/embarcad
—
Trustees Deed
related
$170,000 · Oregon Coast Bank
Feb 13, 2006
—
Kirk Ericksen
Ericksen,nancy C
Quit Claim Deed
related
—
Feb 13, 2006
$832,200
Association Of Un Owners/embarcad
Newport Marine
Grant Deed
$80,000 · Oregon Coast Bank
—
—
Sylvia M Richen
—
Deed Of Trust
related
$90,000 · Bank Of The West
—
—
Association Of Un Owners/embarcad
—
Deed Of Trust
related
$67,489 · Bank Of The West
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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