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114 E 2nd St 1,882 SF 47% Leased Office Building Newberg, OR 97132 $610,191 CAD ($324.22 CAD/SF) 5.91% Cap Rate
Investment Highlights
- High Upside Potential
- Month-to-Month Tenants
Executive Summary
Rare opportunity to own a dual-income mixed-use property just one block from the vibrant heart of downtown Newberg. This classic building features four professional office suites downstairs centered around a common reception area, plus a 2-bedroom apartment upstairs with a private exterior entrance. Positioned as a strategic value-add project, the property is ready for a refresh to reach its full potential. Current office tenants are month-to-month and historically below market value, providing an immediate path to increased equity. The site offers eight off-street parking spots and three storage sheds. This is a great opportunity for an investor or owner-user seeking a versatile live-work space in the Yamhill County core.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
Deferred Maintenance
Property Type
Building Size
1,882 SF
Building Class
C
Year Built
1960
Price
$610,191 CAD
Price Per SF
$324.22 CAD
Cap Rate
5.91%
NOI
$36,083 CAD
Percent Leased
47%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
941 SF
Building FAR
0.21
Lot Size
0.21 AC
Zoning
C-3
Parking
8 Spaces (4.25 Spaces per 1,000 SF Leased)
Amenities
- Storage Space
1 1
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (86)
Property Taxes
| Parcel Number | 51062 | Total Assessment | $193,475 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
51062
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$193,475 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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114 E 2nd St
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