Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1633 Highway 99 N Ashland, OR 97520

    Sponsored
    For Sale
    $1,200,000

    F - Ashland, OR

    Property size:
    3,539 SF
    Lot size:
    0.08 Acres
    Days on Market:
    13
    Last Refresh:
    Jan 26 at 12:06 pm

    Property Features for 1633 Highway 99 N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    GC
    APN
    10988972
    Parking
    50
    Parking features
    Parking Lot
    Size
    3,539 SF
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Forced Air, Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2008
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Adam Antonucci

    EXP REALTY LLC (888) 814-9613

    Listing agent Adam Antonucci (888) 814-9613 License #201237500

    Listing date Jan 14, 2026

    MLS# 220213709 Listing URL

    Copyright © 2026 Southern Oregon MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Established Restaurant on Highway 99

    This established Mexican restaurant, owned by the Padilla family for over 22 years, is located at 1633 Highway 99 N, Ashland, OR 97520. The offering includes both the turnkey business and the real estate. Constructed in 2008, the 3,539 sq ft commercial building sits on a 3,485 sq ft lot. The restaurant serves breakfast, lunch, and dinner, and features live music and dancing on Saturdays, along with a full bar. The property benefits from high visibility on Highway 99 and ample parking behind Ashland Motors. Situated in a thriving Southern Oregon location, this property is ideal for continued success as a restaurant or for reimagining into a new concept. The zoning is GC, allowing for a range of commercial uses including restaurants and retail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Turn key restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Auto Repair Shop Gym & Fitness Pharmacy Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Jackson
    State
    Oregon
    Longitude
    -122.736617
    Latitude
    42.2178

    Nearby Similar for Sale

    • $1,995,000
      0.59 Acres

      Ashland Commercial Property with Suites

      Commercial property in Ashland with potential for mixed-use conversion.
      146 E Hersey St, Ashland, OR 97520
      View Details
    • $2,450,000
      0.64 Acres

      Ashland Industrial Facility For Sale

      USDA-certified industrial facility in Ashland Business Park, ideal for scaling.
      710 Jefferson Ave, Ashland, OR 97520
      View Details
    • $1,050,000
      1,483 SF

      Ashland Commercial Investment Opportunity

      Commercial investment property near SOU college with five updated units.
      993 Siskiyou Blvd, Ashland, OR 97520
      View Details
    • $800,000
      Pending

      Ashland Commercial Property For Sale

      Commercial property in Ashland, versatile zoning, and high-quality space.
      481 Applegate Way, Ashland, OR 97520
      View Details
    • $1,200,000
      Pending

      Ashland Office/Flex Building For Sale

      10,000 SF building on 1 acre, multiple uses allowed.
      385 Williamson Way, Ashland, OR 97520
      View Details
    • $1,300,000
      0.13 Acres

      Ashland Mixed-Use Investment Opportunity

      Mixed-use property with commercial and residential units in Ashland's Railroad District.
      545 A St, Ashland, OR 97520
      View Details
    • $1,100,000
      215.00 Acres

      Ashland Farm/Estate Opportunity

      215-acre farm/estate near Ashland, Oregon, with home site approval.
      8555 Dead Indian Memorial Rd, Ashland, OR 97520
      View Details
    • New
      $569,000
      Pending

      Charming Ashland Duplex Near Downtown

      Historic, furnished two-unit farmhouse on a large corner lot.
      124 Morton St, Ashland, OR 97520
      View Details
    • New
      $725,000
      Pending

      Ashland Quadplex Near Downtown

      Fully rented 4-plex in a desirable Ashland neighborhood.
      330 High St, Ashland, OR 97520
      View Details
    • $849,900
      0.07 Acres

      Ashland Multifamily Investment Opportunity

      Six-unit property with five-plex and cottage in Ashland, Oregon.
      36 Dewey St, Ashland, OR 97520
      View Details
    • $150,000
      Pending

      Turnkey Restaurant and Bar Ashland

      Established restaurant and bar in downtown Ashland with loyal customer base.
      82 N Main St, Ashland, OR 97520
      View Details
    • $2,800,000
      3,564 SF

      Ashland Vineyard with Tasting Room

      Turn-key vineyard with tasting room and hospitality suites near Ashland.
      1320 N Mountain Ave, Ashland, OR 97520
      View Details

    FAQs

    What type of property is this?
    Restaurant - Turnkey Mexican restaurant with real estate in thriving Ashland location.
    Where is this restaurant located?
    The property is located at 1633 Highway 99 N Ashland, OR.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Turnkey Mexican restaurant business and real estate package.; - Established business owned by the Padilla family for over 22 years.; - 3,539 sq ft commercial building constructed in 2008.
    (458) 229-7044
    Request Owner's contact information
    1633 Highway 99 N Ashland, OR 97520
    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.
    1633 Highway 99 N
    Ashland, OR 97520
    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
    1633 Highway 99 N Ashland, OR 97520
    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

    We can help!
    Listing Contact
    Adam Antonucci
    Real Estate License ID: 201237500
    (458) 229-7044
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.