Building Details

Building Size 4,080 SF

Year Built 1910

Stories 2

Listing Agency: Oregon Empire Real Estate & Property Management

Listed By: Jacob Fiddy Show Phone

Source: Duanejohnson

Added: Oct 22 Changed: Oct 23 Last Checked: Oct 23 at 12:04PM

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Investment Insights

Based on property information with market context.

At 10786 Highway 126 in Mapleton, this 4,080-square-foot mixed-use property combines a bar and dining operation on the main floor with a residence upstairs. The commercial level includes an entertainment area, full kitchen, dining space, and four half bathrooms. The upper floor has two bedrooms, two full bathrooms, and a living area; one bathroom includes a claw-foot tub.

Built in 1910, the property is identified as Franks Place and sits in the Mapleton area near the Oregon Coast and Siuslaw River. The site is zoned RC. On-site inventory and furnishings are negotiable.

Key Highlights

• 4,080‑square‑foot mixed‑use property
• Ground floor includes a bar, entertainment area, full kitchen, dining space, and four half bathrooms
• Upstairs residence has 2 bedrooms, 2 full bathrooms, and a living area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,310

Cap Rate

6.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$826,200 $826.2K

Cap Rate 7%

$590,143 $590.1K

Cap Rate 9%

$459,000 $459.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,080 SF

Gross rent

$73.4K $18.00/SF

− Vacancy

−$7.3K −$1.80/SF

EGI

$66.1K $16.20/SF

− OpEx

−$24.8K −$6.07/SF

NOI

$41.3K $10.13/SF

Area

Lane County, OR

Vacancy

10.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$826,200

Cap Rate 7%

$590,143

Cap Rate 9%

$459,000

Alternative Uses

Best Use

Specialty Retail

$839.2K

$734.3K – $979.1K (±1% cap)

NOI $58,747 @ 7.0% cap · market cap 9.81%

Second Best

Mixed Use

$590.1K

$516.4K – $688.5K (±1% cap)

NOI $41,310 @ 7.0% cap · market cap 6.90%

Theoretical Best

Office A

$1.03M

$903.2K – $1.20M (±1% cap)

NOI $72,253 @ 7.0% cap · market cap 12.06%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Plumbing Service Garden Center Kitchen & Bath Showroom Grocery & Convenience Store Real Estate Agency Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

51

Businesses Nearby

3k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Chevron Shops & Services

3,065 visits/mo 0.3 miles

Demographics for 97453, OR

979

Population

466

Households

2.1

Avg Household Size

54

Median Age

10%

College-Educated

95%

High-School Grad

112.7 sq mi

ZIP Area

9

Density / Sq Mi

$53,333

Median Household Income

$32,375

Median Earnings

$1,099

Median Rent

$336,800

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - RC-zoned property pairs a ground-floor hospitality space with a two-bedroom residence above.

Where is this mixed-use property located?

The property is located at 10786 Highway 126 Mapleton, OR.

What is the asking price?

The asking price for this property is $599,000.

What are key features of this property?

This property features: 4,080‑square‑foot mixed‑use property; Ground floor includes a bar, entertainment area, full kitchen, dining space, and four half bathrooms; Upstairs residence has 2 bedrooms, 2 full bathrooms, and a living area