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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    538 SW Coast Hwy Newport, OR 97365

    • Hotels
    • 11,864 SF
    • 0.45 lot acres
    For Sale
    View listing
    $600,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0819631
    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

    • Hotels

    Property Details for 538 SW Coast Hwy

    Year built
    1944
    Lot size
    0.45 lot acres
    Property size
    11,864 SF
    Zone code
    C-1;COMMERCIAL
    Property type
    Hotels
    Property subtype
    Motels
    APN
    11-11-08-BC-08500-00
    APU
    111108BC0850000

    Description

    This commercially zoned property at 538 SW Coast Highway in Newport, Oregon, presents a unique investment opportunity. Boasting a substantial 19,602 square foot lot, the property enjoys approximately 80 feet of frontage along the highly trafficked Highway 101. The commercial zoning allows for a wide range of potential uses, making it ideal for entrepreneurs and developers alike. While a previous motel building has been removed and a small basement filled in, the cleared lot offers a blank canvas for new construction. The property's strategic location provides easy access to numerous amenities, including restaurants, attractions, and miles of sandy beaches. Adding to its appeal, an existing billboard sign on the property generates a consistent monthly income stream through a current lease agreement. The potential for ocean views from a second-story building further enhances the property's desirability. Located in Lincoln County, Oregon, with a zip code of 97365, this property is priced at $842,886. This is a rare chance to acquire a well-situated commercial parcel in a thriving coastal community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.06
    Latitude
    44.6321
    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
    $7,230
    $0.00
    $0.00
    $398,400
    -
    $522,430
    $5,330
    $527,760

    Comparable in this City

    • Value Estimation by Request
      13,315 SF

      175 Gilbert Way

      HOTEL/MOTEL • 13,315 SF
      175 Gilbert Way, Newport, OR 97365-1315
      View Details
    • Value Estimation by Request
      4,160 SF

      806 Coast Hwy

      HOTEL/MOTEL • 4,160 SF
      806 Coast Hwy, Newport, OR 97365
      View Details
    • Value Estimation by Request
      7,478 SF

      728 Coast Hwy

      HOTEL/MOTEL • 7,478 SF
      728 Coast Hwy, Newport, OR 97365-3151
      View Details
    • Value Estimation
      $4,750,000
      14,464 SF

      710 Coast Hwy

      HOTEL/MOTEL • 14,464 SF
      710 Coast Hwy, Newport, OR 97365-3151
      View Details
    • Value Estimation by Request
      6,171 SF

      8835 Coast Hwy

      HOTEL/MOTEL • 6,171 SF
      8835 Coast Hwy, Newport, OR 97365-9514
      View Details
    • Value Estimation by Request
      4,576 SF

      44 Brk St

      HOTEL/MOTEL • 4,576 SF
      44 Brk St, Newport, OR 97365-3932
      View Details

    Similar Nearby for Sale

    • $3,950,000
      18,581 SF

      Renovated Motel on Highway 101

      Recently renovated 49-unit motel on Highway 101 in Newport, OR.
      1823 N Coast Hwy, Newport, OR 97365
      View Details
    • $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
      View Details
    • $650,000
      4,776 SF

      Newport Commercial Land Opportunity

      Prime Coastal Oregon Commercial Lot
      1547 Coast Hwy, Newport, OR 97365
      View Details
    • $997,000
      6,000 SF

      Newport Commercial Land Opportunity

      Prime Ocean View Commercial Land
      1107-1125 Coast Hwy, Newport, OR 97365
      View Details
    • $199,000
      0.06 Acres

      Land in Nye Beach District

      Ready-to-build lot in Newport's Nye Beach District.
      NW 2Nd St, Newport, OR 97365
      View Details
    • $600,000
      0.45 Acres

      Highway Frontage Commercial Land

      Commercially zoned land with high traffic and highway frontage.
      538 SW Coast Hwy, Newport, OR 97365
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo

      Historic Nye Beach Retail Space

      Retail/Live-work space in historic Nye Beach near performing arts center.
      113 Nw Coast St, Newport, OR 97365
      View Details
    • New
      $14 SF/Yr
      3,080 SF

      Commercial Space in Prime Location

      Versatile commercial space, formerly a car dealership, endless possibilities.
      1217 N Coast Hwy, Newport, OR 97365
      View Details
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    538 SW Coast Hwy
    Newport, OR 97365
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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.

    More about this property
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