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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Office Spaces
1007 Bayley St Newport, OR 97365-5212
Entity Owned
12-yr Hold
Property ID
US71-1837089
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2016
Total area
3,620 SF
Lot
0.12 ac (5,227 SF)
Zoning code
R-4;RESIDENTIAL
APN
11-11-08-CD-04100-00
UPID
US71-1837089
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
-
Financial Freedom Wealth Management Group Financial Advisor
-
Freedom Tax, LLC Accounting Firm Tax Preparation
-
Mc Ginty & Belcher Attorneys Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.02M
Owner & transaction history
C & J Land LLC · 12 yrs held
C & J Land LLC
since 2013
4 recorded transactions
Zoning & alternative use
R-4;RESIDENTIAL · 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
COMMERCIAL (GENERAL)
$875,000
Current use
RETAIL STORES
$720,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±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
$280 / 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
$8,843
Tax year 2023
Assessed value
$487,280
Assessed 2023
Previous assessed
$473,090
+3.0% YoY
Effective rate
1.81%
On assessed value
Land market value
$125,250
Improvement market value
$633,430
Total market value
$758,680
Applied tax rate
115.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2016
Heating
FLOOR/WALL FURNACE
Buildings
3
Stories
1
Bathrooms
1
Total area
3,620 SF
Lot
0.12 ac (5,227 SF)
Zoning code
R-4;RESIDENTIAL
APN
11-11-08-CD-04100-00
UPID
US71-1837089
Jurisdiction
LINCOLN
Zoning & alternative use
R-4;RESIDENTIAL · Newport, OR
Zoning R-4;RESIDENTIAL · permitted uses
R-4;RESIDENTIAL · 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
COMMERCIAL (GENERAL) Current
Est. value
$875,000
RETAIL STORES
Est. value
$720,000
COMMERCIAL (GENERAL) Current
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
2016
Heating
FLOOR/WALL FURNACE
Stories
1
Buildings
3
Bathrooms
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
C & J Land LLC
Entity
Mailing address
PO BOX 1283, WALDPORT, OR 97394-1283
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2013
—
C & J Land LLC
C & J Family Trust
Quit Claim Deed
related
—
Oct 22, 2012
—
C & J Family Trust
Carlson,carl C & Julia M
Quit Claim Deed
related
—
Oct 30, 2006
$195,000
Carl C Carlson
Rowley,phillip L & Beverly L
Warranty Deed
$156,000 · Wells Fargo Bank
—
—
Phillip L Rowley
—
Deed Of Trust
related
$42,000 · E-loan INC
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.
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