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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Retail space
1107 Coast Hwy, Newport, OR 97365-5238
Entity Owned
~
Est. High Equity
Property ID
US71-0463369
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1928
Construction
WOOD
Total area
5,621 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C-1;COMMERCIAL
APN
11-11-08-CC-06300-00
UPID
US71-0463369
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
-
Ocean Equity Real Estate & Investments, LLC Real Estate Agency
-
Darkest Days Tattoo Tattoo & Piercing Shop
-
Team Equity | Oregon Coast Realtors Real Estate Agency
-
Heidi Rogers, Real Estate Broker Real Estate Agency
-
Power Ford Parts Department Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.04M
Owner & transaction history
1107 Sw Coast Hwy LLC
1107 Sw Coast Hwy LLC
since 2025
Last sale
$830,000
7 recorded transactions
Zoning & alternative use
C-1;COMMERCIAL · Newport, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+24.5%
Commercial (general)
$1.4M
+21.7%
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
RETAIL STORES
$1,115,000
Current use
RESTAURANT
$1,390,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,355,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $830k (Dec 30 2025)
Last sale anchor
$830k
Dec 30 2025
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
$184 / 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
$9,143
Tax year 2023
Assessed value
$503,780
Assessed 2023
Previous assessed
$489,110
+3.0% YoY
Effective rate
1.81%
On assessed value
Land market value
$129,600
Improvement market value
$747,920
Total market value
$877,520
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1928
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
3
Bathrooms
1
Total area
5,621 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C-1;COMMERCIAL
APN
11-11-08-CC-06300-00
UPID
US71-0463369
Jurisdiction
LINCOLN
Zoning & alternative use
C-1;COMMERCIAL · Newport, OR
Zoning C-1;COMMERCIAL · permitted uses
C-1;COMMERCIAL · 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
RETAIL STORES Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.4M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1928
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
3
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
1107 Sw Coast Hwy LLC
Entity
Mailing address
1107 SW COAST HWY, NEWPORT, OR 97365-5238
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
$830,000
1107 Sw Coast Hwy LLC
Ocean Equity Investments LLC
Warranty Deed
$581,000 · Onpoint Community Cu
Jun 30, 2023
—
Ocean Equity Investments LLC
—
Deed
related
$715,000 · Oregon Coast Bank
Jan 21, 2021
—
Ocean Equity Invs LLC
Ocean Equity Real Est & Invs LLC
Quit Claim Deed
related
$425,000 · Wafford Family Trust (rt)
Mar 29, 2019
—
Ocean Equity R & E & Invs LLC
—
Deed
related
$550,000 · David W & Beverly Tillery
Jul 25, 2018
—
Ocean Equity Real Estate & Inv
—
Deed
related
$129,420 · Mel P Sherbourne
May 31, 2018
—
Ocean Equity Real Est & Invs L
—
Deed
related
$425,000 · Wafford Family Trust (rt)
Apr 28, 2017
—
Ocean Equity Investments LLC
Samson,donald D & Celeste J
Warranty Deed
related
$250,000 · Heisler P & H Family Tr (pt)
Feb 27, 2017
—
Ocean Equity Real Estate & Inv
—
Deed
related
$450,000 · Mel P Sherbourne
Nov 21, 2016
$300,000
Ocean Equity Real Estate & Inv
Rickert Jeffry B & Teresa
Warranty Deed
related
$400,000 · Mel P Sherbourne
Apr 22, 2014
—
Jeffry Rickert
—
Trustees Deed
related
$210,000 · Paul A Allison
Jun 15, 2007
—
Rickert G A Trust
Rickert G A Trust
Quit Claim Deed
related
—
—
—
Ocean Equity R & E & Invs LLC
—
Deed Of Trust
related
$550,000 · David W & Beverly Tillery
—
—
Ocean Equity Real Estate & Inv
—
Loan Modification
related
$450,000 · Mel P Sherbourne
—
—
Ocean Equity Real Estate & Inv
—
Loan Modification
related
$129,420 · Mel P Sherbourne
—
—
Ocean Equity Real Est & Invs L
—
Deed Of Trust
related
$425,000 · Wafford Family Trust (rt)
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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