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Property profile & analytics
OFF-MARKET
Estimated value
$155,000
Retail space
255 Coast St Newport, OR 97365-3639
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-0762219
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2003
Construction
WOOD
Total area
1,188 SF
Lot
0.06 ac (2,614 SF)
Zoning code
C-2;COMMERCIAL
APN
11-11-08-BB-11000-00
UPID
US71-0762219
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
-
Nye Beach Wine Cellar Specialty Food Shop Wine and Liquor Store
-
Mind Body Soul Journey (Reiki, Crystals & Metaphysical Shop) Metaphysical Supply Store Book Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$155k
Owner & transaction history
Lincoln County · 3 yrs held
Lincoln County
since 2023
5 recorded transactions
Zoning & alternative use
C-2;COMMERCIAL · Newport, OR
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
Blend value · Realmo final
$155k
Range $140k – $171k · ±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
$130 / 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
$4,240
Tax year 2023
Assessed value
$233,620
Assessed 2023
Previous assessed
$226,820
+3.0% YoY
Effective rate
1.81%
On assessed value
Land market value
$234,240
Improvement market value
$482,380
Total market value
$716,620
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
NONE
Buildings
3
Total area
1,188 SF
Lot
0.06 ac (2,614 SF)
Zoning code
C-2;COMMERCIAL
APN
11-11-08-BB-11000-00
UPID
US71-0762219
Jurisdiction
LINCOLN
Zoning & alternative use
C-2;COMMERCIAL · Newport, ORZoning C-2;COMMERCIAL · permitted uses
C-2;COMMERCIAL · Newport, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
NMC Chap14 Zoning
Building & site characteristics
From public records
Year built
2003
Construction
WOOD
Heating
NONE
Buildings
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Lincoln County
Entity
Mailing address
255 NW COAST ST, NEWPORT, OR 97365-3639
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2023
$4,600,000
Lincoln County
Slape Investment Properties LLC
Warranty Deed
$1,600,000 · Shape Investment Properties LLC
Nov 16, 2020
—
Davis,mike & Karey Tr
—
Deed
related
$115,000 · Other Institutional Lenders
Sep 28, 2017
—
Case,anna L Trust
Walsleben,ernest W & Susan M
Grant Deed
related
—
Oct 24, 2005
—
Lawrence J Brusselback
—
Trustees Deed
related
$25,000 · Oregon Coast Bank
—
—
Lawrence J Brusselback
—
Deed Of Trust
related
$35,000 · Oregon Coast Bank
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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