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Property profile & analytics
OFF-MARKET
Retail space
604 1st St, Newberg, OR 97132-2912
Entity Owned
20-yr Hold
Free & Clear
Property ID
US71-1877327
Property summary
AI-generated overview
This exceptional commercial property, located at 604 W 1st St in Newberg, Oregon, presents a unique investment opportunity. The 2,818 square foot storefront, situated on a generous 0.27-acre lot, boasts an impressive 500+ feet of frontage along Highway 99W, ensuring high visibility and significant exposure to over 39,000 average daily traffic (ADT). Built in 1907, this two-story building, classified as Class C, previously served as an antique shop and offers a versatile space adaptable to a wide range of commercial uses, thanks to its community commercial zoning. The property's history as a converted farmhouse adds to its unique character. The building consists of one structure with a total of 2,818 square feet of net rentable space. This owner/user opportunity in Yamhill County, Oregon (zip code 97132) is priced at $540,000. The property's prime location and high traffic count make it an ideal investment for businesses seeking strong visibility and accessibility.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
0.06 ac (2,596 SF)
Zoning code
C3
APN
R3219AA 10000
UPID
US71-1877327
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
-
Art Elements Gallery Art Gallery Painting
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
LLP Properties LLC · 20 yrs held
LLP Properties LLC
since 2005
4 recorded transactions
Zoning & alternative use
C3 · Newberg, 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 Newberg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newberg 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
$2,198
Tax year 2023
Assessed value
$138,213
Assessed 2023
Previous assessed
$134,187
+3.0% YoY
Effective rate
1.59%
On assessed value
Land market value
$102,998
Improvement market value
$636,679
Total market value
$739,677
Applied tax rate
29.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Heating
NONE
Lot
0.06 ac (2,596 SF)
Zoning code
C3
APN
R3219AA 10000
UPID
US71-1877327
Jurisdiction
YAMHILL
Zoning & alternative use
C3 · Newberg, OR
Zoning C3 · permitted uses
C3 · Newberg, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Newberg. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.06 ac
Current owner
From public records · entity-resolved
LLP Properties LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 1060, NEWBERG, OR 97132-8060
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2005
—
LLP Properties LLC
Parrish,loni
Warranty Deed
—
Nov 21, 2005
$225,000
Loni Parrish
Kachlik-newberg LLC
Warranty Deed
—
Jan 21, 2003
—
Kachlik-newberg LLC
Kachlik,arnold
Quit Claim Deed
related
—
Apr 17, 2001
$110,000
Eric S Kachlik
Baker Trust
Grant Deed
$110,000 · Arnold Kachlik
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.
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