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Property profile & analytics
OFF-MARKET
Retail space
588 Olive St, Newport, OR 97365-3719
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-0631800
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1925
Total area
3,142 SF
Lot
0.08 ac (3,485 SF)
Zoning code
R-4;RESIDENTIAL
APN
11-11-08-BB-03800-00
UPID
US71-0631800
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Stephanie Durham Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tustumena LLC · 5 yrs held
Tustumena LLC
since 2021
Last sale
$415,000
5 recorded transactions
Zoning & alternative use
R-4;RESIDENTIAL · Newport, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,129
Tax year 2023
Assessed value
$172,400
Assessed 2023
Previous assessed
$167,380
+3.0% YoY
Effective rate
1.81%
On assessed value
Land market value
$140,150
Improvement market value
$334,140
Total market value
$474,290
Applied tax rate
104.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1925
Heating
FLOOR/WALL FURNACE
Buildings
2
Bathrooms
1
Total area
3,142 SF
Lot
0.08 ac (3,485 SF)
Zoning code
R-4;RESIDENTIAL
APN
11-11-08-BB-03800-00
UPID
US71-0631800
Jurisdiction
LINCOLN
Zoning & alternative use
R-4;RESIDENTIAL · Newport, OR
Zoning R-4;RESIDENTIAL · permitted uses
R-4;RESIDENTIAL · Newport, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1925
Heating
FLOOR/WALL FURNACE
Buildings
2
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Tustumena LLC
Entity
Mailing address
PO BOX 1227, NEWPORT, OR 97365-0094
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2021
$415,000
Tustumena LLC
Bainbridge Investments LLC
Warranty Deed
$337,512 · Oregon Coast Bank
Jul 10, 2020
$400,000
Bainbridge Investments LLC
Eric K Silvonen
Warranty Deed
related
$400,000 · Eric K Silvonen
Feb 14, 2014
$425,000
Erik K Silvonen
Silvonen,suzanne R
Deed In Lieu Of Foreclosure
related
—
Aug 7, 2007
—
Eric K Silvonen
Clark,harry R & Joan C
Grant Deed
related
—
Aug 7, 2007
$425,000
Abram K Silvonen
Silvonen,eric K & Lee E
Warranty Deed
related
$425,000 · Eric K Silvonen
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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