New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,855,000
Office Spaces
201 66th Dr, Newport, OR 97365-9697
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-1324300
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1982
Construction
WOOD
Total area
29,902 SF
Lot
2.46 ac (107,158 SF)
Zoning code
R-4;RESIDENTIAL
APN
10-11-20-CB-00301-00
UPID
US71-1324300
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.85M
Blend (final)
Blend
$4.86M
Owner & transaction history
Sally D Greig · 5 yrs held
Sally D Greig
since 2021
7 recorded transactions
Zoning & alternative use
R-4;RESIDENTIAL · Newport, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.4M
+2.3%
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)
$7,215,000
Current use
RESTAURANT
$7,380,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$5,925,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$4.86M
Range $4.37M – $5.34M · ±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
$162 / 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
$42,340
Tax year 2023
Assessed value
$2,333,040
Assessed 2023
Previous assessed
$2,181,230
+7.0% YoY
Effective rate
1.81%
On assessed value
Land market value
$638,960
Improvement market value
$3,233,720
Total market value
$3,872,680
Applied tax rate
104.0000
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
1982
Construction
WOOD
Heating
NONE
Buildings
3
Total area
29,902 SF
Lot
2.46 ac (107,158 SF)
Zoning code
R-4;RESIDENTIAL
APN
10-11-20-CB-00301-00
UPID
US71-1324300
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
$7.2M
RESTAURANT
Est. value
$7.4M
RETAIL STORES
Est. value
$5.9M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
1982
Construction
WOOD
Heating
NONE
Buildings
3
Lot
2.46 ac
Current owner
From public records · entity-resolved
Sally D Greig
Individual
Free & Clear · 5 yrs held
Mailing address
4025 E LA PALMA AVE STE #103, ANAHEIM, CA 92807-1762
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
45 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2021
—
Sally D Greig
Jeffrey S Travelstead
Grant Deed
related
—
Mar 11, 2021
—
Zlatnik Living Trust
Loveland D P Living Trust
Warranty Deed
related
—
Feb 2, 2021
—
Schooner Lndg Share Assn
Lynn Asla
Warranty Deed
related
—
Jul 27, 2020
—
Kim Vandehey
Abernethy Living Trust
Grant Deed
related
—
Jun 15, 2020
—
Schooner Landing Share Assn
David L Hansen
Warranty Deed
related
—
May 27, 2020
—
Schooner Landing Share Assn
Lynda R Sammons
Warranty Deed
related
—
Mar 17, 2020
—
Schooner Landing Share
Michael Mann
Warranty Deed
related
—
Feb 12, 2020
—
Jeffrey S Travelstead
Sharon L Billetter
Quit Claim Deed
related
—
Oct 3, 2019
$1,000
Joshua Vongdeuane
David K Simonis
Warranty Deed
related
—
Oct 3, 2019
—
Schooner Landing Share Assn
Susan K Yao
Warranty Deed
related
—
Oct 2, 2019
—
Schooner Landing Share Assn
Roger Granville-martin
Warranty Deed
related
—
Sep 20, 2019
—
Schooner Landing Share Assn
Patsy R Vandehey
Grant Deed
related
—
Sep 16, 2019
—
Schooner Landing Share Assn
Diane P Striegel
Warranty Deed
related
—
Aug 21, 2019
—
Schooner Landing Share Assn
Hastings K & B Living Trust
Warranty Deed
related
—
Mar 29, 2019
—
Schooner Landing Share Assn
Thatcher,heidi & Paul
Quit Claim Deed
related
—
Jan 9, 2018
—
Schooner Landing Assn
Bahner,bryce M & Marty L
Quit Claim Deed
related
—
Jan 13, 2017
—
Schooner Landing Share Associa
Hyder,dan M & Patricia B
Quit Claim Deed
related
—
Dec 28, 2016
—
Landing Shareholders Schooner
Plesums,guntis & Mara
Quit Claim Deed
related
—
Dec 13, 2016
—
Schooner Landing Share Assn
Willhite,rickie A & Deborah L
Quit Claim Deed
related
—
Oct 31, 2016
—
Brollier Family Living Trust
Brollier,v Emmett & Catherine I
Quit Claim Deed
related
—
Jun 4, 2010
—
Douglas E Graham
Campbell,greg S
Warranty Deed
related
—
Mar 24, 2008
$2,700
Robert C Rowland
Mazarati,chris & Nikole
Warranty Deed
related
—
Feb 22, 2008
—
Loveland Livin
Loveland,donna E P
Quit Claim Deed
related
—
Nov 26, 2007
$2,200
John D Anderson
Bowne,john C & Kathryn K
Grant Deed
related
—
Nov 15, 2007
$2,200
John D Anderson
Bowne,john C & Kathryn K
Warranty Deed
related
—
Jun 25, 2007
$2,750
V Emmett Brollier
Hartwich,douglas R & Jean I
Warranty Deed
related
—
Apr 7, 2006
$100
Curtis C Fortin
Anderson,allen L
Warranty Deed
related
—
Oct 21, 2005
$2,000
Dyane J Shelde
Fournier,brian D & Deanna J
Warranty Deed
related
—
Aug 1, 2005
—
Theresa M Stites
Stites,clyde M
Quit Claim Deed
related
—
Aug 1, 2005
$2,500
Eric J Olson JR.
Bevens,eldon E & Lois E
Warranty Deed
related
—
Feb 24, 2005
$2,000
Judy Rodenhuis
Griesel,ronald E & Janice L
Warranty Deed
related
—
Feb 22, 2005
$3,000
Gae N East
Thurman,bragi A & Tina R
Warranty Deed
related
—
Feb 22, 2005
—
Bragi A Thurman
Litchfield Timeshare 1995-1
Grant Deed
related
—
Jan 27, 2005
—
K & P Vandehey INC
Vandehey,kim A
Quit Claim Deed
related
—
Jan 13, 2005
$2,400
Kenneth A Marinangeli JR.
Becker,barbara J
Grant Deed
related
—
Nov 1, 2004
—
Charles Ludwig
Murdoch,joan J
Quit Claim Deed
related
—
Oct 29, 2004
$4,000
Rae L Benson
Hanns,patricia A
Warranty Deed
related
—
Oct 25, 2004
$3,300
Larry M Cranford
Marger,matthew A & Stacy
Warranty Deed
related
—
Oct 5, 2004
$3,600
Terry L Stewart
Hocker,steve R & Beckie A
Warranty Deed
related
—
Sep 10, 2004
$2,500
Arthur G Stevens
Stern,viola E
Warranty Deed
related
—
Aug 25, 2004
$2,000
Brian L Burcham
Bauer,frederick R & Joan E
Warranty Deed
related
—
Aug 24, 2004
—
Raymond V Clithero
Silvia,frank R JR
Warranty Deed
related
—
Aug 24, 2004
$3,000
Raymond V Clithero
Silvia,anna M
Warranty Deed
related
—
May 20, 2004
$3,000
Keith Becker
Vessey,marilyn R
Warranty Deed
related
—
Jan 30, 2004
$1,500
Steven E Abbott
Lefebvre Peggy R Trust
Warranty Deed
related
—
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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