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    507 1st St Newberg, OR 97132-2909

    • Turn key restaurants
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 11, 2023
    Location Intelligence
    Property ID
    US71-0434922
    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

    • bubble bear / Brunch Restaurant

    Property Details for 507 1st St

    Lot size
    0.12 lot acres
    Zone code
    C3
    Property type
    Turn key restaurants
    APN
    R3219AA 04100
    APU
    R3219AA04100

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newberg
    County
    Yamhill
    State
    Oregon
    Longitude
    -122.975
    Latitude
    45.3005
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN 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
    $2,810
    $0.00
    $0.00
    $176,705
    -
    $190,494
    $590,734
    $781,228

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      307 1st St

      RESTAURANT • 0.05 Acres
      307 1st St, Newberg, OR 97132-2905
      View Details
    • Value Estimation by Request
      2,120 SF

      201 College St

      RESTAURANT • 2,120 SF
      201 College St, Newberg, OR 97132-3111
      View Details
    • Value Estimation by Request
      0.23 Acres

      200 Main St

      RESTAURANT • 0.23 Acres
      200 Main St, Newberg, OR 97132-2712
      View Details
    • Value Estimation by Request
      1.00 Acre

      1819 Portland Rd

      RESTAURANT • 1.00 Acre
      1819 Portland Rd, Newberg, OR 97132-1846
      View Details
    • Value Estimation by Request
      1,427 SF

      2017 Portland Rd

      RESTAURANT • 1,427 SF
      2017 Portland Rd, Newberg, OR 97132-1360
      View Details
    • Value Estimation by Request
      1,900 SF

      115 Washington St

      RESTAURANT • 1,900 SF
      115 Washington St, Newberg, OR 97132-2811
      View Details

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      Entitled Land Parcel For Sale

      0.82 acre C-2 zoned parcel entitled for 28 units.
      3200 E Haworth Ave, Newberg, OR 97132
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    Similar Nearby for Lease

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      6,957 SF

      Retail Space on Hwy 99W

      New retail development with high visibility and access.
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      Retail space with high traffic and pylon signage.
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      Retail Space in Fred Meyer Center

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      Newberg Professional Center Office Space

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      Commercial Land for Lease

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      The Deborah Building: Newberg Office Space

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    507 1st St
    Newberg, OR 97132-2909
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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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