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Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Retail space
350 Olive St, Newport, OR 97365-2947
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0636585
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Construction
WOOD
Total area
7,370 SF
Lot
0.33 ac (14,375 SF)
Zoning code
C-3;HEAVY COMMERCIAL
APN
11-11-08-AB-07300-00
UPID
US71-0636585
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
-
Newport Carpet One Floor & Home General Contractor Renovation Specialist
-
Newport Carpet, Inc General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.38M
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$2.26M
Owner & transaction history
Riesland Properties LLC · 4 yrs held
Riesland Properties LLC
since 2021
Last sale
$2.5M
5 recorded transactions
Zoning & alternative use
C-3;HEAVY COMMERCIAL · Newport, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+24.5%
Commercial (general)
$1.8M
+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%
$1,495,000
6.5%
$1,380,000
7%
$1,280,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,460,000
Current use
RESTAURANT
$1,820,000
Change: +25% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,780,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±10% · vs last sale $2.50M (Nov 30 2021)
Last sale anchor
$2.50M
Nov 30 2021
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
$306 / 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
$13,970
Tax year 2023
Assessed value
$769,800
Assessed 2023
Previous assessed
$747,380
+3.0% YoY
Effective rate
1.81%
On assessed value
Land market value
$257,950
Improvement market value
$1,081,800
Total market value
$1,339,750
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
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
2000
Construction
WOOD
Heating
NONE
Buildings
3
Total area
7,370 SF
Lot
0.33 ac (14,375 SF)
Zoning code
C-3;HEAVY COMMERCIAL
APN
11-11-08-AB-07300-00
UPID
US71-0636585
Jurisdiction
LINCOLN
Zoning & alternative use
C-3;HEAVY COMMERCIAL · Newport, OR
Zoning C-3;HEAVY COMMERCIAL · permitted uses
C-3;HEAVY COMMERCIAL · 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
RETAIL STORES Current
Est. value
$1.5M
RESTAURANT
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.8M
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
2000
Construction
WOOD
Heating
NONE
Buildings
3
Lot
0.33 ac
Current owner
From public records · entity-resolved
Riesland Properties LLC
Entity
Mailing address
350 E OLIVE ST, NEWPORT, OR 97365-2947
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Nov 30, 2021
$2,500,000
Riesland Properties LLC
Cupalacuzns LLC
Warranty Deed
$2,250,000 · Wells Fargo Bank NA
Nov 30, 2021
—
Cupalacuzns Lc
Robert Riesland
Bargain And Sale Deed
—
—
—
Cupalacuzns LLC
—
Deed Of Trust
related
$893,500 · Columbia State Bank
—
—
Cupalacuzns LLC
—
Deed Of Trust
related
—
—
—
Cupalacuzns LLC
—
Deed Of Trust
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.
Try Rey
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