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    Fall Creek Tavern Restoration Opportunity Title is generated by Realmo AI

    40144 Big Fall Creek Rd, Fall Creek, OR 97438

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    Claim this Listing
    New
    For Sale
    $575,000

    Commercial - Fall Creek, OR

    Property size:
    2,982 SF
    Lot size:
    1.98 Acres
    Price / SF:
    $192/SF
    Added:
    May 19, 2026
    Days on Market:
    3
    Last Refresh:
    May 21 at 8:06 pm

    Property Features for 40144 Big Fall Creek Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0811065
    Size
    2,982 SF
    Lot size
    1.98 Acres

    Taxes and HOA fees

    Tax Annual Amount
    3274

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    1968
    Roof type
    Other
    Architectural style
    Other

    We can help!

    Listing Contact
    BECKI TROWBRIDGE
    BECKI TROWBRIDGE

    Listing agent BECKI TROWBRIDGE

    Listing office EXP REALTY, LLC 4800 MEADOWS RD, STE 300, Lake Oswego, OR

    Listing date May 19, 2026

    MLS# 841212 Listing URL

    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

    • Prime location near Fall Creek recreational area in a high‑traffic area
    • Nearly 2 acres of land with potential for various uses
    • Zoning allows for a residential dwelling, enabling live/work possibilities
    • Solid structure with beautiful exposed timber beams
    • Includes personal property such as furniture and a pool table
    • Motivated seller

    Overview

    This is a rare opportunity near the Fall Creek recreational area. The property features a former iconic tavern situated on nearly 2 acres in a high-traffic location appealing to outdoor enthusiasts. The existing zoning allows for a residential dwelling, offering potential for live/work use. The building, vacant for over 10 years, requires significant restoration. There is no active plumbing or electrical service. A roof leak with interior ceiling damage has been noted, and there is evidence of vandalism and graffiti. The structure appears solid, showcasing exposed timber beams in the main bar and dining area. Personal property, including furniture and a pool table, will remain with the property. Cleanup, repairs, and site improvements will be necessary. The property size is 2982 square feet and the lot size is 1.98 acres. This location is a year-round recreational destination. The motivated seller encourages offers. Buyers should verify all potential uses and development options with the county.

    Financial Insights

    Value Estimation Calculated for Specialty Retail

    Conservative
    $477.1K
    NOI $42,937 @ 9.00% cap · cautious / downside scenario
    Moderate
    $613.4K
    NOI $42,937 @ 7.00% cap · market / base-case scenario
    Aggressive
    $858.7K
    NOI $42,937 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Specialty Retail

    Component $ $/SF
    Gross rent $59.8k $20.04
    − Vacancy −$2.5k −$0.84
    EGI $57.2k $19.20
    − OpEx −$14.3k −$4.80
    NOI $42.9k $14.40
    2,982 SF · lease $20.04/SF/yr · vacancy 4.20% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Specialty Retail
    $613.4K
    $536.7K – $715.6K (±1% cap)
    NOI $42,937 @ 7.0% cap · market cap 7.47%
    Second Best
    Office B
    $590.1K
    $516.4K – $688.5K (±1% cap)
    NOI $41,309 @ 7.0% cap · market cap 7.18%
    Theoretical Best
    Office A
    $754.4K
    $660.1K – $880.2K (±1% cap)
    NOI $52,809 @ 7.0% cap · market cap 9.18%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Suggested Use

    Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Fall Creek
    County
    Lane
    State
    Oregon
    Longitude
    -122.7734848
    Latitude
    43.9437458

    FAQs

    What type of property is this?
    Bar & Pub - Former tavern on nearly 2 acres, restore or redevelop.
    Where is this bar & pub located?
    The property is located at 40144 Big Fall Creek Rd Fall Creek, OR.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Prime location near Fall Creek recreational area in a high‑traffic area; Nearly 2 acres of land with potential for various uses; Zoning allows for a residential dwelling, enabling live/work possibilities
    (541) 729-7152
    We can help!
    Listing Contact
    BECKI TROWBRIDGE
    BECKI TROWBRIDGE
    Real Estate License ID: 201207314
    Learn More
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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
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    40144 Big Fall Creek Rd, Fall Creek, OR 97438
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