Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Retail space
342 Bay Blvd Newport, OR 97365-4520
Trust Owned
7-yr Hold
~
Est. High Equity
Property ID
US71-0636586
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Construction
WOOD
Total area
6,664 SF
Lot
0.17 ac (7,405 SF)
Zoning code
W-2;WATER RELATED
APN
11-11-08-DB-00500-00
UPID
US71-0636586
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
-
Made In Oregon Store (Bike/Boat/Book/etc) Store
-
Yaquina Baking Co. Bakery Specialty Food Shop
-
Bohemian Candle (Bike/Boat/Book/etc) Store
-
The Gear Shed Shops Mini Mall Shopping Center & Mall
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$965k
Owner & transaction history
Asch,j S Separate Prop Trust · 7 yrs held
Asch,j S Separate Prop Trust
since 2019
7 recorded transactions
Zoning & alternative use
W-2;WATER RELATED · Newport, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
NMC Chap14 Zoning
Top alternative use upside
Restaurant
$1.6M
+24.5%
Commercial (general)
$1.6M
+21.7%
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
RETAIL STORES
$1,320,000
Current use
RESTAURANT
$1,645,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,610,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
$145 / 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
$9,126
Tax year 2023
Assessed value
$502,890
Assessed 2023
Previous assessed
$488,250
+3.0% YoY
Effective rate
1.81%
On assessed value
Land market value
$336,250
Improvement market value
$594,740
Total market value
$930,990
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
1985
Construction
WOOD
Heating
NONE
Buildings
6
Bathrooms
1
Total area
6,664 SF
Lot
0.17 ac (7,405 SF)
Zoning code
W-2;WATER RELATED
APN
11-11-08-DB-00500-00
UPID
US71-0636586
Jurisdiction
LINCOLN
Zoning & alternative use
W-2;WATER RELATED · Newport, ORZoning W-2;WATER RELATED · permitted uses
W-2;WATER RELATED · Newport, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
NMC Chap14 Zoning
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
RESTAURANT
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES Current
RESTAURANT
COMMERCIAL (GENERAL)
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
1985
Construction
WOOD
Heating
NONE
Buildings
6
Bathrooms
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
Asch,j S Separate Prop Trust
Trust
Mailing address
4910 W JEFFERSON BLVD, LOS ANGELES, CA 90016-3923
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2019
$95,000
Asch,j S Separate Prop Trust
Sure Bet LLC
Warranty Deed
—
Nov 16, 2017
—
Sure Bet LLC
—
Deed
related
$1,499,900 · Miscellaneous Ins Co
Feb 8, 2007
—
Sure Bet LLC
—
Trustees Deed
related
$175,000 · David A Karkanen
May 4, 2005
—
Sure Bet LLC
—
Trustees Deed
related
$33,656 · Key Bank NA
—
—
Sure-bet LLC
—
Deed Of Trust
related
$532,791 · J E Dunn Construction Co
—
—
Sure Bet LLC
—
Deed Of Trust
related
$275,000 · Dewayne & Daphne J Wafford
—
—
Sure-bet LLC
—
Deed Of Trust
related
$600,000 · J E Dunn Construction Nw
—
—
Sure Bet LLC
—
Deed Of Trust
related
$250,000 · Zions First National Bank
—
—
Sure Bet LLC
—
Deed Of Trust
related
$540,000 · Pacwest Fndg
—
—
Sure Bet LLC
—
Deed Of Trust
related
$1,499,900 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 342 Bay Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
