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Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Office Spaces
310 2nd St Newport, OR 97365-0801
Entity Owned
6-yr Hold
Free & Clear
Property ID
US71-0641663
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1970
Construction
CONCRETE BLOCKS
Total area
8,014 SF
Lot
0.86 ac (37,462 SF)
Zoning code
P-1;PUBLIC STRUCTURES
APN
11-11-08-BA-13800-00
UPID
US71-0641663
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
-
Homie Network Employment Agency Business Service Center
-
United States Postal Service Post Office Logistics Service
-
ALL HEART TREE 24hr Storm Service Landscaping General Contractor
-
Replacement Windows Newport Hardware & Home Improvement Interior Design
-
Minister Michael's Wedding Officiant Services Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.13M
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$1.57M
Owner & transaction history
Western Postal Realty Hldg LLC · 6 yrs held
Western Postal Realty Hldg LLC
since 2020
Last sale
$1.1M
2 recorded transactions
Zoning & alternative use
P-1;PUBLIC STRUCTURES · Newport, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+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
$1,815,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,225,000
6.5%
$1,130,000
7%
$1,050,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,935,000
Current use
RESTAURANT
$1,980,000
Change: +2% · Conversion: Difficult
RETAIL STORES
$1,590,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±10% · vs last sale $1.14M (Apr 28 2020)
Last sale anchor
$1.14M
Apr 28 2020
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
$195 / 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
$18,204
Tax year 2023
Assessed value
$1,003,080
Assessed 2023
Previous assessed
$973,870
+3.0% YoY
Effective rate
1.81%
On assessed value
Land market value
$504,040
Improvement market value
$1,286,800
Total market value
$1,790,840
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
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
1970
Construction
CONCRETE BLOCKS
Heating
NONE
Total area
8,014 SF
Lot
0.86 ac (37,462 SF)
Zoning code
P-1;PUBLIC STRUCTURES
APN
11-11-08-BA-13800-00
UPID
US71-0641663
Jurisdiction
LINCOLN
Zoning & alternative use
P-1;PUBLIC STRUCTURES · Newport, OR
Zoning P-1;PUBLIC STRUCTURES · permitted uses
P-1;PUBLIC STRUCTURES · 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
$1.9M
RESTAURANT
Est. value
$2.0M
RETAIL STORES
Est. value
$1.6M
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
1970
Construction
CONCRETE BLOCKS
Heating
NONE
Lot
0.86 ac
Current owner
From public records · entity-resolved
Western Postal Realty Hldg LLC
Entity
Free & Clear · 6 yrs held
Mailing address
75 COLUMBIA AVE, CEDARHURST, NY 11516-2011
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2020
$1,135,000
Western Postal Realty Hldg LLC
Archer Beverly J Trust
Warranty Deed
—
Apr 12, 2017
—
Archer,beverly J Trust
Archer Beverly J Trust
Quit Claim 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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