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    515 Coast St Newport, OR 97365-3517
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    Property profile & analytics

    515 Coast St Newport, OR 97365-3517

    View on Map
    • Turn key restaurants
    • 4,147 SF
    • 0.14 lot acres
    Off-Market
    Property ID
    US71-0879191
    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.
    Value Estimations
    $560,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Taphouse at Nye Creek / Restaurant

    Property Details for 515 Coast St

    Year built
    1974
    Lot size
    0.14 lot acres
    Property size
    4,147 SF
    Zone code
    C-2;COMMERCIAL
    Property type
    Turn key restaurants
    APN
    11-11-05-CC-07900-00
    APU
    111105CC0790000

    Description

    This exceptional Newport, Oregon, commercial property, located at 515 NW Coast Street, presents a unique investment opportunity. The 4,180 square foot building, constructed in 1974 and renovated in 2017, sits on a 14,374.8 square foot lot. Currently operating as a successful taphouse, the property boasts a full restaurant and bar, generating over $1,800,000 in gross revenue. Key features include 30 beer taps, a state-of-the-art brick pizza oven, and a class 1 hood system. The spacious interior features 25-foot ceilings, an oversized dining room with multiple TVs, and two ADA-compliant restrooms. The single-level layout ensures accessibility. Ample dedicated parking is available, including a separate lot. The property's prime location offers ocean views and proximity to beach access, making it a popular destination for both locals and tourists. This offering includes the taphouse, two additional commercial storefronts, and the parking lot, all available for purchase together. The property is zoned for Commercial, Restaurant, Garage/Parking, and Bar uses. The asking price is $2,195,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $562,000
      Market price range: $562k - $1.59M
      AI Estimate
      $562,000
      Market price range: $562k - $1.59M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $820,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.061
    Latitude
    44.6395
    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
    $3,231
    $0.00
    $0.00
    $178,030
    -
    $205,360
    $253,860
    $459,220

    Comparable in this City

    • Value Estimation by Request

      Newport, OR 97365

      RESTAURANT
      Newport, OR 97365
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    • Value Estimation
      $1,420,000
      3,707 SF

      1300 Coast Hwy

      RESTAURANT • 3,707 SF
      1300 Coast Hwy, Newport, OR 97365-2445
      View Details
    • Value Estimation by Request
      2,400 SF

      740 Olive St

      RESTAURANT • 2,400 SF
      740 Olive St, Newport, OR 97365-3723
      View Details
    • Value Estimation by Request
      405 SF

      822 Coast Hwy

      RESTAURANT • 405 SF
      822 Coast Hwy, Newport, OR 97365-5102
      View Details
    • Value Estimation
      $1,110,000
      3,367 SF

      807 Coast Hwy

      RESTAURANT • 3,367 SF
      807 Coast Hwy, Newport, OR 97365-5142
      View Details
    • Value Estimation by Request
      1,862 SF

      823 Hurbert St

      RESTAURANT • 1,862 SF
      823 Hurbert St, Newport, OR 97365-4716
      View Details

    Similar Nearby for Sale

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      Turnkey Pizza Restaurant in Newport

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      Oregon Coast Investment Opportunity

      Bay and bridge view property with multiple development opportunities.
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    • $1,350,000
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      Newport Restaurant & Mixed-Use Opportunity

      Prime Nye Beach location, fully equipped restaurant, high potential.
      711 2Nd St, Newport, OR 97365
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    • $2,375,000
      6,505 SF

      Newport Commercial Investment Opportunity

      Turnkey restaurant, bar, parking lot, and storefronts in Nye District.
      426 NW Coast St, Newport, OR 97365
      View Details
    • Contact for pricing
      956 SF

      Nye Beach Retail Space

      Retail space in the heart of Nye Beach.
      314 NW Coast St, Newport, OR 97365
      View Details
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      Newport Retail Investment Opportunity

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    515 Coast St
    Newport, OR 97365-3517
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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