Property profile

604 1st St Newberg, OR 97132

OFF-MARKET
Retail space
Property ID
US71-1877327
0.06 ac lot
Entity Owned 20-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Art Gallery Painting

Location

604 1st St Newberg, OR 97132-2912
Newberg metro Census 30201 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2005
4 recorded transactions
2005
Price N/A
2005
$225,000
2003
Price N/A
2001
$110,000

Zoning & alternative use

C3 · Newberg, OR

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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