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    The Largest CRE Database in the US with Over 1 Million Listings

    27 N F St Lakeview, OR 97630

    Sponsored
    For Sale
    $229,000

    Commercial Building - Lakeview, OR

    Property size:
    1,650 SF
    Lot size:
    0.05 Acres
    Days on Market:
    312
    Last Refresh:
    Jan 24 at 10:06 am

    Property Features for 27 N F St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    15438
    Interior features
    Ceiling Fans, Flooring- Carpet, Flooring- Tile, Wheelchair Accessible
    Exterior features
    Access- All Year, Corner Lot, Sidewalks, Storage Shed, View Of Mountains
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Freezer, Range, Refrigerator
    Size
    1,650 SF
    Lot size
    0.05 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Heat Pump

    Building Details

    Year built
    1970
    Flooring type
    Carpet, Tile
    Building materials
    Brick
    Roof type
    Tar/Gravel
    Architectural style
    Other
    Additional Structures
    Packing Shed, Shed(s), Storage

    We can help!

    Listing Contact
    Pamela Koefoed

    Favell-Utley Realty (541) 947-2161

    Listing agent Pamela Koefoed (541) 947-2161 License #201247924

    Listing date Mar 19, 2025

    MLS# 3007518 Listing URL

    Copyright © 2026 Lake County 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

    Turnkey Restaurant Opportunity in Lakeview

    This commercial building, currently operating as a turnkey restaurant, is situated at a busy intersection in Lakeview, Oregon. The property, located on Highway 395, benefits from high visibility and has been a popular dining spot for locals and travelers for decades. The 1,650 square-foot building is fully equipped and furnished, including a commercial wok range, a six-burner propane range, an oven, commercial fans, three freezers, and a commercial dishwasher, as well as cooking equipment, dishes, and serving ware. It also features a walk-in cooler, a large pantry, storage rooms, and office space. The dining room can accommodate up to 50 guests. The bathroom is ADA compliant, and both the bathroom and kitchen have been remodeled. A new heat pump was installed in 2019, and a new roof was installed in 2011. The property is zoned commercial and sits on a 0.05-acre lot. The property can continue to operate as a Hunan Restaurant or be transformed into a different eatery. The sellers will consider lease-option or owner-carry with a large down payment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunan Chinese Restaurant Chinese Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    P's Que, The Spott

    Location Insight

    • Map
    • Local Demand
    City
    Lakeview
    County
    Lake
    State
    Oregon
    Longitude
    -120.3462915
    Latitude
    42.1900437

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    FAQs

    What type of property is this?
    Restaurant - Fully equipped restaurant for sale in high-traffic Lakeview location.
    Where is this restaurant located?
    The property is located at 27 N F St Lakeview, OR.
    What is the asking price?
    The asking price for this property is $229,000.
    What are key features of this property?
    This property features: - Turnkey restaurant opportunity in a high-traffic location on Highway 395 in Lakeview.; - Fully equipped and furnished kitchen with commercial wok range, 6-burner propane range, oven, commercial fans, 3 freezers, commercial dishwasher, and walk-in cooler.; - Seating capacity for up to 50 guests in the dining room.
    (541) 947-2161
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    27 N F St Lakeview, OR 97630
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    Lakeview, OR 97630
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    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
    27 N F St Lakeview, OR 97630
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    We can help!
    Listing Contact
    Pamela Koefoed
    Real Estate License ID: 201247924
    (541) 947-2161
    Learn more
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