28405 Salmon River Hwy, Grand Ronde, OR 97347
COMMERCIAL - Grand Ronde, OR
- Added:
- May 22, 2026
- Days on Market:
- 25
- Last Refresh:
- Jun 15 at 6:06 am
Property Features for 28405 Salmon River Hwy
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- NPC-C
- Standard status
- Active
- Size
- 5,291 SF
- Lot size
- 0.45 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4467
Utilities
- Heating system
- Central, Forced Air
Building Details
- Year built
- 1947
- Roof type
- Composition
Listing agent SHAWN RICHARDSON (208) 912-5591
Listing office EXP REALTY, LLC 4800 MEADOWS RD, STE 300, Lake Oswego, OR (888) 814-9613
Listing date May 22, 2026
Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Commercial property at 28405 Salmon River Hwy, Grand Ronde, OR 97347 with frontage along Salmon River Highway
- Currently operating as a restaurant and bar
- Heating: forced air and central
- Year built: 1947
- Roof: composition
Overview
The site is positioned along Salmon River Highway in Grand Ronde, providing visibility on a major Oregon travel corridor. Public remarks indicate convenient access to the property and proximity to Spirit Mountain Casino, supporting a location focused on travelers and regional dining demand.
For buyers or tenants, the combination of a ready-to-operate restaurant/bar setup and high-visibility roadside presence can support hospitality operators looking for an owner-user or operator role in a designated commercial area. The property is offered with NPC-C zoning, which should be reviewed to confirm permitted restaurant and bar uses and any intended modifications to the premises. Brokers and prospective operators should verify zoning requirements, allowable uses, and any development or change-of-use conditions with the appropriate local authorities.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.6k | $19.20 |
| − Vacancy | −$4.1k | −$0.77 |
| EGI | $97.5k | $18.43 |
| − OpEx | −$24.4k | −$4.61 |
| NOI | $73.1k | $13.82 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Grand Ronde
- County
- Polk
- State
- Oregon
- Longitude
- -123.609786
- Latitude
- 45.059368
