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    Property profile & analytics

    5188 Lucky Gap St Newport, OR 97365-1216

    • Turn key restaurants
    • 2,448 SF
    • 0.27 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US71-0910981
    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

    • Szabo's Steakhouse and Seafood / Steak House / Seafood Restaurant

    Property Details for 5188 Lucky Gap St

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.27 lot acres
    Property size
    2,448 SF
    Zone code
    C-1;COMMERCIAL
    Property type
    Turn key restaurants
    APN
    10-11-29-BD-13900-00
    APU
    101129BD1390000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.059
    Latitude
    44.6751
    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
    $5,166
    $0.00
    $0.00
    $284,680
    -
    $236,810
    $327,920
    $564,730

    Comparable in this City

    • Value Estimation by Request

      Newport, OR 97365

      RESTAURANT
      Newport, OR 97365
      View Details
    • Value Estimation by Request
      2,400 SF

      740 Olive St

      RESTAURANT • 2,400 SF
      740 Olive St, Newport, OR 97365-3723
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    • Value Estimation by Request
      3,707 SF

      1300 Coast Hwy

      RESTAURANT • 3,707 SF
      1300 Coast Hwy, Newport, OR 97365-2445
      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 by Request
      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

    • $150,000

      Turnkey Pizza Restaurant in Newport

      Established pizza restaurant for sale in a prime Newport location.
      130 NW 19Th St, Newport, OR 97365
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    • $2,394,000
      6,505 SF

      Newport Commercial Investment Opportunity

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    • $1,800,000
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      Highway Frontage Commercial Opportunity

      Prime commercial property on Coast Highway 101 in Newport.
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    • $1,350,000
      2,276 SF

      Newport Restaurant & Mixed-Use Opportunity

      Prime Nye Beach location, fully equipped restaurant, high potential.
      711 2Nd St, Newport, OR 97365
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    • New
      $320,000
      821 SF

      Commercial Property in Newport, Oregon

      Commercial property for sale in Newport, Oregon, zoned C-3.
      546 NE 3Rd St, Newport, OR 97365
      View Details
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    5188 Lucky Gap St
    Newport, OR 97365-1216
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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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