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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Retail space
906 Alder St Newport, OR 97365-4712
Trust Owned
Free & Clear
Property ID
US71-0846944
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1938
Construction
WOOD
Total area
4,300 SF
Lot
0.1 ac (4,356 SF)
Zoning code
C-1;COMMERCIAL
APN
11-11-08-BD-12000-00
UPID
US71-0846944
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
-
KYTE-FM 102.7 Radio Radio Station Telecommunications Service
-
KNPT-AM 1310. News-Talk Radio Station Telecommunications Service
-
Most Wanted Painters Inc Pressure Washing Service Painting
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
The Carrasco Family Living Trust
The Carrasco Family Living Trust
since 2025
Last sale
$520,000
7 recorded transactions
Zoning & alternative use
C-1;COMMERCIAL · Newport, OR
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
$520,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$850,000
Current use
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $520k (Apr 19 2024)
Last sale anchor
$520k
Apr 19 2024
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
$121 / 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
$6,117
Tax year 2023
Assessed value
$337,080
Assessed 2023
Previous assessed
$337,080
+0.0% YoY
Effective rate
1.81%
On assessed value
Land market value
$82,170
Improvement market value
$388,420
Total market value
$470,590
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
Off-Market
Year built
1938
Construction
WOOD
Heating
NONE
Buildings
3
Total area
4,300 SF
Lot
0.1 ac (4,356 SF)
Zoning code
C-1;COMMERCIAL
APN
11-11-08-BD-12000-00
UPID
US71-0846944
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
$850,000
RETAIL STORES Current
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
1938
Construction
WOOD
Heating
NONE
Buildings
3
Lot
0.1 ac
Current owner
From public records · entity-resolved
The Carrasco Family Living Trust
Trust
Free & Clear · 0 yrs held
Mailing address
2951 SALMON RIV HWY, OTIS, OR 97368-9356
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2025
—
The Carrasco Family Living Trust
Saul Carrasco
Deed
related
—
Apr 19, 2024
$520,000
Saul Carrasco
Oregan Coast Bank
Warranty Deed
$390,000 · Oregon Coast Bank
Apr 12, 2024
$570,005
Oregonn Coast Bank
David J Miller
Sheriffs Deed
related
—
Mar 11, 2021
—
David J Miller
—
Deed
related
—
Dec 21, 2018
—
David J Miller
—
Deed
related
—
—
—
David J Miller
—
Deed Of Trust
related
$755,000 · Oregon Coast Bank
—
—
David J Miller
—
Loan Modification
related
—
—
—
David J Miller
—
Loan Modification
related
—
—
—
David J Miller
—
Deed Of Trust
related
—
—
—
Miller,david J
—
Deed Of Trust
related
—
—
—
David J Miller
—
Loan Modification
related
—
—
—
David J Miller
—
Deed Of Trust
related
$376,400 · Oregon Coast Bank
—
—
David J Miller
—
Deed Of Trust
related
$45,000 · Oregon Coast Bank
—
—
David J Miller
—
Deed Of Trust
related
$263,600 · Oregon Coast Bank
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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