Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    837 SW Bay Blvd Newport, OR 97365
    Back to Search
    Property profile & analytics

    837 SW Bay Blvd Newport, OR 97365

    View on Map
    • Turn key restaurants
    • 1,885 SF
    • 0.06 lot acres
    For Sale
    $349,000
    View Listing →
    Waterfront Property on Historic Bayfront For Sale
    $349,000
    0.14 Acres

    Waterfront Property on Historic Bayfront

    Prime real estate on Newport's historic Bayfront with amazing views.

    837 SW Bay Boulevard, Newport, OR 97365
    View Listing
    Property ID
    US71-0712863
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 837 SW Bay Blvd

    Year built
    1976
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Property size
    1,885 SF
    Zone code
    W-2;WATER RELATED
    Property type
    Turn key restaurants
    APN
    11-11-08-CA-02201-00
    APU
    111108CA0220100

    Description

    This exceptional 0.1-acre commercial and industrial land parcel, located at 837 SW Bay Blvd, Newport, Oregon 97365, presents a unique investment opportunity. Situated on Newport's historic bayfront, this property boasts approximately 100 feet of water frontage offering breathtaking views of Yaquina Bay, the Yaquina Bridge, and the Pacific Ocean. The high daytime foot traffic ensures excellent visibility and accessibility, with nearby restaurants, shops, entertainment venues, and art galleries creating a vibrant and bustling atmosphere. This offering includes three separate tax lots, providing flexibility for development or expansion. The property is zoned W-2, however, potential buyers are responsible for verifying permitted uses with the City/County of Lincoln County. This is a rare chance to acquire a prime waterfront location in a thriving Oregon coastal community. The asking price is $899,000. Don't miss this chance to secure a piece of Newport's vibrant waterfront.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $560,000
      Market price range: $255k - $723k
      AI Estimate
      $560,000
      Market price range: $255k - $723k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $465,000
      Current use
      COMMERCIAL (GENERAL)
      $455,000
      Change: -2% Conversion: Easy
      RETAIL STORES
      $375,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Lincoln
    State
    Oregon
    Longitude
    -124.056
    Latitude
    44.6269
    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
    $5,057
    $0.00
    $0.00
    $278,680
    -
    $231,250
    $241,950
    $473,200

    Comparable in this City

    • Value Estimation by Request

      Newport, OR 97365

      RESTAURANT
      Newport, OR 97365
      View Details
    • Value Estimation
      $1,420,000
      3,707 SF

      1300 Coast Hwy

      RESTAURANT • 3,707 SF
      1300 Coast Hwy, Newport, OR 97365-2445
      View Details
    • Value Estimation by Request
      2,400 SF

      740 Olive St

      RESTAURANT • 2,400 SF
      740 Olive St, Newport, OR 97365-3723
      View Details
    • Value Estimation by Request
      405 SF

      822 Coast Hwy

      RESTAURANT • 405 SF
      822 Coast Hwy, Newport, OR 97365-5102
      View Details
    • Value Estimation
      $1,110,000
      3,367 SF

      807 Coast Hwy

      RESTAURANT • 3,367 SF
      807 Coast Hwy, Newport, OR 97365-5142
      View Details
    • Value Estimation by Request
      1,862 SF

      823 Hurbert St

      RESTAURANT • 1,862 SF
      823 Hurbert St, Newport, OR 97365-4716
      View Details

    Similar Nearby for Sale

    • $150,000

      Turnkey Pizza Restaurant in Newport

      Fully equipped pizza restaurant for sale in Newport, Oregon.
      130 NW 19Th St, Newport, OR 97365
      View Details
    • Contact for pricing
      5,288 SF

      Oregon Coast Investment Opportunity

      Bay and bridge view property with multiple development opportunities.
      1118 SW Canyon Way, 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
    • $2,375,000
      6,505 SF

      Newport Commercial Investment Opportunity

      Turnkey restaurant, bar, parking lot, and storefronts in Nye District.
      426 NW Coast St, Newport, OR 97365
      View Details
    • Contact for pricing
      956 SF

      Nye Beach Retail Space

      Retail space in the heart of Nye Beach.
      314 NW Coast St, Newport, OR 97365
      View Details
    • $599,000
      8,344 SF

      Newport Retail Investment Opportunity

      High-Visibility Hwy 101 Retail Building
      Newport, OR 97365
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    837 SW Bay Blvd
    Newport, OR 97365
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    837 SW Bay Blvd, Newport, OR, 97365
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!