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    4560 River Road N Keizer, OR 97303

    View on Map
    Pending
    $975,000

    COMMERCIAL - Keizer, OR

    Property size:
    462 SF
    Lot size:
    0.24 Acres
    Added:
    Nov 26, 2024
    Days on Market:
    492
    Last Refresh:
    Apr 2 at 4:06 am

    Property Features for 4560 River Road N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Driveway, On Street
    Window features
    Double Pane Windows, Low Emissivity Windows
    Patio and Porch features
    Patio
    Standard status
    Pending
    APN
    547987
    Size
    462 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    TaxYear
    2024
    TaxAnnualAmount
    5522

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Ductless (Heating), Forced Air, Energy Star Qualified Equipment (Heating), Electric (Heating)
    Cooling system
    Central Air, ENERGY STAR Qualified Equipment
    Water source
    Public

    Building Details

    Year built
    2018
    Floors in Building
    1
    Number of units
    1
    Building materials
    Concrete, Frame
    Roof type
    Composition

    We can help!

    Listing Contact
    Rutledge Property Group

    Listing agent Rutledge Property Group License #201007081

    Listing office eXp Realty, LLC 710 Cardley Ave, Salem, OR

    Listing date Nov 26, 2024

    MLS# 220193114

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

    Overview

    Keizer Commercial Investment Opportunity

    This commercial property in Keizer, Oregon, presents an investment opportunity with a net operating income (NOI) of $59,605.92 per year. The property is fully leased to Black Rock Coffee Bar corporate under a 10-year term, which commenced in August 2021, and includes annual rent increases and two 5-year options to extend the lease. Established in 2018, the Black Rock Coffee Bar has a proven performance record. The property is situated on a 0.24-acre corner lot and features a 462-square-foot building completed in October 2018. Located along River Road N and Dietz Avenue NE, the site benefits from frontage on River Road N, a well-traveled arterial. The improvements are in good condition and of good quality. This property is suitable for commercial real estate investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coffee shops

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • Aviation Coffee Co — 4925 river rd n, keizer, or 97303
    • Dutch Bros Coffee — 4915 River Rd N, Keizer, OR 97303
    • The REC: Grange — 441 Chemawa Rd N, Keizer, OR 97303
    • Starbucks — 4943 River Rd N, Keizer, OR 97303
    • Bentley's Coffee — 4435 River Rd N, Keizer, OR 97303

    Location Insight

    • Map
    • Local Demand
    City
    Keizer
    County
    Marion
    State
    Oregon
    Longitude
    -123.026056
    Latitude
    44.991218

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    FAQs

    What type of property is this?
    Coffee shop - Leased Black Rock Coffee Bar on a high-traffic corner lot.
    Where is this coffee shop located?
    The property is located at 4560 River Road N Keizer, OR.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Passive income opportunity with an annual NOI of $59,605.92.; Fully leased to Black Rock Coffee Bar corporate.; 10‑year lease term with annual rent increases and two 5‑year options to extend.
    (541) 778-9677
    We can help!
    Listing Contact
    Rutledge Property Group
    Real Estate License ID: 201007081
    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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