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    Property profile & analytics

    506 Coast Hwy Newport, OR 97365-4935

    • Banks
    • 12,372 SF
    • 1.20 lot acres
    OFF-MARKET
    Value Estimation
    $2,535,000
    Last Sale
    Feb 27, 2023
    $2,350,000
    Location Intelligence
    Property ID
    US71-0694323
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • A nails / Nail Salon
    • ATM W. Coast Bank / Bank Or Atm / Bank
    • 1st Security Bank / Bank / Mortgage Lender
    • UPS Drop Box / Shipping And Mailing Service

    Property Details for 506 Coast Hwy

    Year built
    1976
    Construction
    WOOD
    Lot size
    1.20 lot acres
    Property size
    12,372 SF
    Zone code
    C-1;COMMERCIAL
    Property type
    Banks
    APN
    11-11-08-BD-04000-00
    APU
    111108BD0400000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,580,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,450,000
      6.5%
      $2,485,000
      7%
      $2,250,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,435,000
      Geo Method
      $2,650,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,985,000
      Retail
      $2,405,000
      Mixed-Use
      $1,920,000
      Hospitality
      $1,855,000
      Educational
      $2,460,000
      Residential Income
      $2,040,000
      Energy
      $2,125,000
      Income-Based Land
      $2,565,000
      Food Service
      $2,230,000

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.059
    Latitude
    44.6325
    CBSA code
    35440
    CBSA name
    NEWPORT, OR MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $47,040
    $0.00
    $0.00
    $2,592,060
    -
    $901,740
    $3,552,000
    $4,453,740

    Comparable in this City

    • Value Estimation by Request
      33,620 SF

      2200 Coast Hwy

      FINANCIAL BUILDING • 33,620 SF
      2200 Coast Hwy, Newport, OR 97365-1708
      View Details
    • Value Estimation
      $3,205,000
      7,435 SF

      909 Bay Blvd

      FINANCIAL BUILDING • 7,435 SF
      909 Bay Blvd, Newport, OR 97365-4102
      View Details
    • Value Estimation by Request
      2,586 SF

      1923 Coast Hwy

      FINANCIAL BUILDING • 2,586 SF
      1923 Coast Hwy, Newport, OR 97365-2015
      View Details
    • Value Estimation by Request
      10,080 SF

      1605 Coast Hwy

      FINANCIAL BUILDING • 10,080 SF
      1605 Coast Hwy, Newport, OR 97365-2364
      View Details
    • Value Estimation by Request
      12,563 SF

      248 Coast Hwy

      FINANCIAL BUILDING • 12,563 SF
      248 Coast Hwy, Newport, OR 97365-4927
      View Details
    • Value Estimation by Request
      7,039 SF

      400 Olive St

      FINANCIAL BUILDING • 7,039 SF
      400 Olive St, Newport, OR 97365-2838
      View Details

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      Newport Commercial Building on Highway 101

      Two-story commercial building with income potential in central Newport.
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    • New
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      821 SF

      Commercial Property in Newport, Oregon

      Commercial property for sale in Newport, Oregon, zoned C-3.
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      Nye Beach Commercial Building

      Commercial building in historic Nye Beach with ocean views.
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      Highway Frontage Commercial Opportunity

      Prime commercial property on Coast Highway 101 in Newport.
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    506 Coast Hwy
    Newport, OR 97365-4935
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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