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Property profile & analytics
FOR SALE
Retail space
715 SW Hurbert St Newport, OR 97365
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US71-0977806
For Sale
Contact for pricing
715 SW Hurbert St, Newport, OR 97365
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
WOOD
Total area
3,960 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C-1;COMMERCIAL
APN
11-11-08-BD-05400-00
UPID
US71-0977806
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
-
Tengu Sushi Restaurant
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Farmers Insurance Insurance Agency
-
Hairs the Thing Barber Shop
-
Farmers Insurance - Lori Schiewe Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$875k
Blend (final)
Blend
$310k
Owner & transaction history
Mini Mall LLC · 6 yrs held
Mini Mall LLC
since 2019
4 recorded transactions
Zoning & alternative use
C-1;COMMERCIAL · Newport, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
NMC Chap14 Zoning
Top alternative use upside
Commercial (general)
$955,000
+21.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$785,000
Current use
COMMERCIAL (GENERAL)
$955,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$310k
Range $279k – $341k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$78 / SF
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
$6,458
Tax year 2023
Assessed value
$355,830
Assessed 2023
Previous assessed
$345,470
+3.0% YoY
Effective rate
1.81%
On assessed value
Land market value
$117,930
Improvement market value
$469,710
Total market value
$587,640
Applied tax rate
115.0000
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
For Sale
Year built
1979
Construction
WOOD
Heating
NONE
Buildings
4
Total area
3,960 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C-1;COMMERCIAL
APN
11-11-08-BD-05400-00
UPID
US71-0977806
Jurisdiction
LINCOLN
Zoning & alternative use
C-1;COMMERCIAL · Newport, ORZoning C-1;COMMERCIAL · permitted uses
C-1;COMMERCIAL · Newport, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
NMC Chap14 Zoning
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$955,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
NONE
Buildings
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
Mini Mall LLC
Entity
Mailing address
2226 N COAST HWY #243, NEWPORT, OR 97365-1708
Ownership since
2019
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 31, 2019
$317,675
Mini Mall LLC
Grow Emerging Co LLC
Warranty Deed
$285,000 · Grow Emerging Companies LLC 40
Oct 31, 2016
$305,000
Grow Emerging Co LLC 401k Plan
City Center Mini Mall LLC
Warranty Deed
—
Jun 3, 2014
—
City Center Mini Mall LLC
Smith,robert & Loretta
Warranty Deed
related
—
Apr 8, 2013
$285,000
Robert Smith
Yeck Ernest A JR Trust
Warranty Deed
—
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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