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Property profile

324 SW 7Th St Newport, OR 97365

FOR LEASE
Other office properties
Property ID
US71-0239746
2,040 SF 0.2 ac lot Built 1993
Last sale Jul 2010 · $395,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
324 SW 7Th St, Newport, OR 97365 For Lease
$14 SF/Yr 1,800 SF available
324 SW 7Th St, Newport, OR 97365
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Property summary

AI-generated overview

A lower-level office suite located at 324 SW 7th Street (Suite #B) configured for professional use. The interior layout is designed to accommodate flexible interior configurations and provides a private, quieter work environment. The property includes dedicated on-site parking intended for employees and visiting clients, and is situated with convenient transit connections to support commuting. The space is suitable for office-oriented uses, including medical practices, creative agencies, and corporate office operations.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value$497k
Effective rate1.81%

Value estimate

· Oct 2026
$340k
$306k – $374k
Submarket $/SF estimate$773k
NOI build-up
Gross scheduled income$32k
Vacancy & credit loss−$1k
Operating expenses−$12k
NOI · 133,721.43% cap applied$19k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$241/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$146 – $379

Cap rate analysis

How does the asset earn?
133,721.43%
$19k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-1;COMMERCIAL
JurisdictionLINCOLN

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store10.1
HVAC Service9.3
Parking Facility9.2

Location

324 SW 7Th St Newport, OR 97365
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
313 2nd, Newport, OR 97365-3800 $585,000 Mar 2025 2,405 SF
127 Eads, Newport, OR 97365-2840 $101,731 Feb 2023 2,685 SF
8 Lee, Newport, OR 97365-3826 $330,000 Mar 2022 1,500 SF
15 Lee, Newport, OR 97365-3823 $378,500 Jan 2022 1,464 SF
147 11th, Newport, OR 97365-3108 $400,000 Nov 2021 2,350 SF
306 Olive, Newport, OR 97365-2947 $400,000 Sep 2021 1,819 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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