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Property profile & analytics
OFF-MARKET
Estimated value
$2,285,000
Retail properties & Spaces
3234 Coast Hwy Newport, OR 97366-9674
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US71-0969933
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1800
Construction
WOOD
Total area
13,942 SF
Lot
2.02 ac (87,991 SF)
Zoning code
I-1;LIGHT INDUSTRIAL
APN
11-11-17-DB-02000-00
UPID
US71-0969933
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
-
Toyota of Newport - Parts Department Auto Parts Store
-
Toyota of Newport - Service Department Auto Repair Shop
-
Toyota Of Newport Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.29M
Blend (final)
Blend
$2.29M
Owner & transaction history
Sj Automotive Real Estate Invs · 7 yrs held
Sj Automotive Real Estate Invs
since 2018
3 recorded transactions
Zoning & alternative use
I-1;LIGHT INDUSTRIAL · Newport, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.4M
+37.8%
Commercial (general)
$3.4M
+34.6%
Retail stores
$2.8M
+10.6%
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$2,500,000
Current use
RESTAURANT
$3,440,000
Change: +38% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,365,000
Change: +35% · Conversion: Difficult
RETAIL STORES
$2,765,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$2.29M
Range $2.06M – $2.51M · ±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
$164 / 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
$19,163
Tax year 2023
Assessed value
$1,055,910
Assessed 2023
Previous assessed
$1,025,160
+3.0% YoY
Effective rate
1.81%
On assessed value
Land market value
$769,220
Improvement market value
$530,960
Total market value
$1,300,180
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1800
Construction
WOOD
Heating
NONE
Buildings
5
Total area
13,942 SF
Lot
2.02 ac (87,991 SF)
Zoning code
I-1;LIGHT INDUSTRIAL
APN
11-11-17-DB-02000-00
UPID
US71-0969933
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.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$2.5M
RESTAURANT
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.4M
RETAIL STORES
Est. value
$2.8M
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1800
Construction
WOOD
Heating
NONE
Buildings
5
Lot
2.02 ac
Current owner
From public records · entity-resolved
Sj Automotive Real Estate Invs
Individual
Mailing address
1250 E INTERSTATE 30, ROCKWALL, TX 75087-4815
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2018
$2,825
Sj Automotive Real Estate Invs
Murry,richard G JR
Grant Deed
related
$2,542,500 · Toyota Motor Credit
—
—
Richard G Murry
—
Deed Of Trust
related
$1,312,642 · Oregon Coast Bank
—
—
Richard G Murry
—
Deed Of Trust
related
$800,000 · 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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