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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Office Spaces
408 1st St, Newberg, OR 97132-2938
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0968817
Property summary
AI-generated overview
This exceptional investment opportunity presents a rare mixed-use building situated on Newberg's First Street, directly adjacent to City Hall. The property encompasses 2,500 square feet on a 0.06-acre lot and features a ground floor commercial space currently leased to Barley & Vine, a well-established tenant. The upper level comprises a residential apartment, adding to the property's diverse income stream. This location offers unparalleled visibility and accessibility within the vibrant Newberg community, known for its thriving wine industry. The existing lease agreement with the ground floor tenant provides a stable and predictable income source. Detailed financial information regarding the property's income is available upon request. This is a unique chance to acquire a well-positioned, income-generating asset in a desirable Oregon wine country location. The property's strategic placement near City Hall ensures high foot traffic and visibility, further enhancing its investment potential. Serious inquiries only. Contact us to schedule a showing and explore this lucrative opportunity. The property is sold as-is.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Lot
0.06 ac (2,574 SF)
Zoning code
C3
APN
R3219AB 08500
UPID
US71-0968817
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
-
Reid Rental (Bike/Boat/Book/etc) Store Rental Equipment Company
-
Barley & Vine Tavern Bar & Pub
-
Bunn Bldg. Department Store
-
Daniel Garris Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$750k
Owner & transaction history
408 E 1st Or Wco LLC · 4 yrs held
408 E 1st Or Wco LLC
since 2021
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
C3 · Newberg, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Newberg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newberg 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
$805,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Jul 21 2021)
Last sale anchor
$750k
Jul 21 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
—
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
$3,020
Tax year 2023
Assessed value
$189,924
Assessed 2023
Previous assessed
$184,392
+3.0% YoY
Effective rate
1.59%
On assessed value
Land market value
$102,119
Improvement market value
$752,466
Total market value
$854,585
Applied tax rate
29.0000
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
Heating
NONE
Lot
0.06 ac (2,574 SF)
Zoning code
C3
APN
R3219AB 08500
UPID
US71-0968817
Jurisdiction
YAMHILL
Zoning & alternative use
C3 · Newberg, OR
Zoning C3 · permitted uses
C3 · Newberg, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newberg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.06 ac
Current owner
From public records · entity-resolved
408 E 1st Or Wco LLC
Entity
Mailing address
611 MACON ST, BROOKLYN, NY 11233-1515
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2021
$750,000
408 E 1st Or Wco LLC
First Street Properties LLC
Warranty Deed
—
Aug 26, 2014
$300,000
First Street Properties LLC
Bunn,stan
Grant Deed
$236,487 · Stan Bunn
Feb 5, 1999
$62,000
Newberg City
Bunn,stan
Grant Deed
—
—
—
Stan Bunn
—
Deed Of Trust
related
$13,000 · Individual
—
—
Stan Bunn
—
Deed Of Trust
related
$75,000 · Us Bank
—
—
Stan Bunn
—
Deed Of Trust
related
$116,250 · First Franklin Financial Corp
—
—
First Street Properties LLC
—
Deed Of Trust
related
$1,340,000 · First Cmnty Cu
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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