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Property profile & analytics
OFF-MARKET
Retail space
116 1st St, Newberg, OR 97132-2914
Entity Owned
Free & Clear
Property ID
US71-0205488
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Total area
1,533 SF
Lot
0.12 ac (5,227 SF)
Zoning code
C2
APN
R3219AB 11700
UPID
US71-0205488
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
-
Newberg Kitchen Cabinets & Countertops Hardware & Home Improvement Kitchen & Bath Showroom
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
Downtown International LLC
Downtown International LLC
since 2026
Last sale
$375,000
7 recorded transactions
Zoning & alternative use
C2 · Newberg, 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 Newberg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newberg 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
$3,063
Tax year 2023
Assessed value
$192,636
Assessed 2023
Previous assessed
$187,025
+3.0% YoY
Effective rate
1.59%
On assessed value
Land market value
$190,494
Improvement market value
$363,391
Total market value
$553,885
Applied tax rate
29.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Heating
NONE
Bathrooms
2
Total area
1,533 SF
Lot
0.12 ac (5,227 SF)
Zoning code
C2
APN
R3219AB 11700
UPID
US71-0205488
Jurisdiction
YAMHILL
Zoning & alternative use
C2 · Newberg, OR
Zoning C2 · permitted uses
C2 · Newberg, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newberg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1997
Heating
NONE
Bathrooms
2
Lot
0.12 ac
Current owner
From public records · entity-resolved
Downtown International LLC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 938, SHERWOOD, OR 97140-0938
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2026
$350,000
Downtown International LLC
Steinborn Erhardt
Warranty Deed
—
Oct 30, 2020
$375,000
Steinborn,e F Living Trust
Oregon Health
Warranty Deed
—
Aug 19, 2020
—
Oregon Health & Science Unvi F
Cain James L Trust
Grant Deed
—
Jul 10, 2020
—
Cain,james L Trust
Disclaimer Darlene L C Trust
Quit Claim Deed
related
—
Dec 21, 2015
—
Cain,james L Trust
Cain James L & D L Trust
Quit Claim Deed
related
—
May 20, 2010
—
Cain James L & D L Living Trust
Cain,james L
Quit Claim Deed
related
—
May 10, 2010
—
James L Cain
Cain,james L & Darlene
Quit Claim Deed
related
—
Jul 26, 2006
$100,000
James Cain
Zelinsky,andy & Klara
Warranty Deed
—
Apr 3, 2002
$90,000
Andy Zelinzky
Darling,clarence E & Judy D
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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