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Property profile & analytics
OFF-MARKET
Office Spaces
1111 10th St, Newport, OR 97365-5205
Entity Owned
9-yr Hold
Free & Clear
Property ID
US71-0801328
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1982
Total area
514 SF
Lot
0.66 ac (28,750 SF)
Zoning code
C-1;COMMERCIAL
APN
11-11-08-CD-04400-00
UPID
US71-0801328
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
-
Samaritan Physical Rehabilitation Specialists - Newport Rehabilitation Center Occupational Therapist
-
Samfit - Newport Gym & Fitness Center
-
Linn Harrar Physician
-
Colleen Lennard Physician
-
The Corvallis Clinic Newport - Sleep Medicine (SamFit Building) Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Samaritan Health Services INC · 9 yrs held
Samaritan Health Services INC
since 2016
4 recorded transactions
Zoning & alternative use
C-1;COMMERCIAL · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,596
Tax year 2023
Assessed value
$87,940
Assessed 2023
Effective rate
1.81%
On assessed value
Land market value
$8,490
Improvement market value
$115,310
Total market value
$123,800
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1982
Heating
NONE
Buildings
3
Total area
514 SF
Lot
0.66 ac (28,750 SF)
Zoning code
C-1;COMMERCIAL
APN
11-11-08-CD-04400-00
UPID
US71-0801328
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.
Building & site characteristics
From public records
Year built
1982
Heating
NONE
Buildings
3
Lot
0.66 ac
Current owner
From public records · entity-resolved
Samaritan Health Services INC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 3000, CORVALLIS, OR 97339-3000
Ownership since
2016
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
Sep 30, 2016
$625,000
Samaritan Health Services INC
Sts Properties LLC
Warranty Deed
—
Dec 8, 2005
$651,679
Sts Properties LLC
Shelton Trust
Warranty Deed
—
Dec 29, 2004
—
Shelton Trust
Lincoln County Family Ymca
Grant Deed
related
$656,250 · West Coast Bank
Oct 14, 2004
$485,000
Shelton Trust
Lincoln County Family Ymca
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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