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Property profile & analytics
OFF-MARKET
Industrial land
116 32nd St, Newport, OR 97366-9631
Individually Owned
4-yr Hold
Free & Clear
Property ID
US71-0833745
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1964
Total area
622 SF
Lot
0.11 ac (4,792 SF)
Zoning code
I-1;LIGHT INDUSTRIAL
APN
11-11-17-DB-00601-00
UPID
US71-0833745
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
-
The Surfing Bean Coffee Company Cafe & Coffee Shop
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
Justin C Adamson · 4 yrs held
Justin C Adamson
since 2021
Last sale
$109,000
6 recorded transactions
Zoning & alternative use
I-1;LIGHT INDUSTRIAL · 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
$1,193
Tax year 2023
Assessed value
$65,740
Assessed 2023
Previous assessed
$63,830
+3.0% YoY
Effective rate
1.81%
On assessed value
Land market value
$115,770
Total market value
$115,770
Applied tax rate
124.0000
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
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1964
Heating
BASEBOARD
Bathrooms
1
Total area
622 SF
Lot
0.11 ac (4,792 SF)
Zoning code
I-1;LIGHT INDUSTRIAL
APN
11-11-17-DB-00601-00
UPID
US71-0833745
Jurisdiction
LINCOLN
Zoning & alternative use
I-1;LIGHT INDUSTRIAL · Newport, OR
Zoning I-1;LIGHT INDUSTRIAL · permitted uses
I-1;LIGHT INDUSTRIAL · 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
1964
Heating
BASEBOARD
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Justin C Adamson
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 2096, WALDPORT, OR 97394-2096
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2021
$109,000
Justin C Adamson
Newport Brewing Company Holdings Ll
Warranty Deed
—
Nov 27, 2019
—
Newport Brewing Co Hldgs LLC
—
Deed
related
$171,000 · Ritz Marrilee Trust (rt)
Sep 28, 2018
$90,000
Newport Brewing Co Hldgs LLC
Janet M Likes
Warranty Deed
$96,000 · Ritz Marrilee Trust (rt)
Dec 11, 2014
$100,000
Paul L Schibig
Orr & Underhill Living Trust
Quit Claim Deed
related
—
Aug 30, 2004
$70,000
Michael L Likes
Frazier,thom
Warranty Deed
—
—
—
Newport Brewing Co Hldgs LLC
—
Loan Modification
related
$171,000 · Ritz Marrilee 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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