Restaurant Property with Highway
For Sale
$140,000
109661 Highway 97, Chemult, OR 97731
Private well, natural gas, and two septic tanks serve the property.
Property Size1,410 SF
Price / SF$99.29
Days on Market77
Property Features for 109661 Highway 97
General Information
Standard status
Active
Size
1,410 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1965
Listing Agency:
Crescent Lake Realty, Inc
Listed By:
Donna Werner · License #780203954
(541) 433-5368
Source:
Wyndeekono
Added: Aug 2
Changed: Oct 12
Last Checked: Oct 16 at 1:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crescent Lake Realty, Inc
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Investment Insights
Based on property information with market context.
Built in 1965, this 1,410-square-foot restaurant property is offered in its existing condition and includes frontage along Highway 97. The site is supported by a private well, natural gas service, and 2 septic tanks.
Two residential lots accompany the commercial property, with the potential for use by a business owner or caretaker as described. The property is located at 109661 Highway 97 in Chemult, Oregon.
Two residential lots accompany the commercial property, with the potential for use by a business owner or caretaker as described. The property is located at 109661 Highway 97 in Chemult, Oregon.
Key Highlights
- 1,410‑square‑foot restaurant property built in 1965
- Highway 97 frontage at 109661 Highway 97
- Two residential lots included with the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,221
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,420
$244.4K
Cap Rate 7%
$174,586
$174.6K
Cap Rate 9%
$135,789
$135.8K
Market Conditions
NOI Build-Up for 1,410 SF
Gross rent
$18.6K $13.20/SF
− Vacancy
−$1.2K −$0.82/SF
EGI
$17.5K $12.38/SF
− OpEx
−$5.2K −$3.71/SF
NOI
$12.2K $8.67/SF
Area
Klamath County, OR
Vacancy
6.20%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$244,420
Cap Rate 7%
$174,586
Cap Rate 9%
$135,789
Alternative Uses
Best Use
Specialty Retail
$197.6K
$172.9K – $230.6K
NOI $13,835 @ 7.0% cap · market cap 9.88%
Second Best
Retail
$174.6K
$152.8K – $203.7K
NOI $12,221 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$288.2K
$252.2K – $336.2K
NOI $20,174 @ 7.0% cap · market cap 14.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
46
Businesses Nearby
Explore this area
Business Placement
Demographics for 97731, OR
257
Population
112
Households
2.3
Avg Household Size
48
Median Age
10%
College-Educated
100%
High-School Grad
67.3 sq mi
ZIP Area
4
Density / Sq Mi
$61,739
Median Household Income
$21,339
Median Earnings
$312,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Private well, natural gas, and two septic tanks serve the property.
Where is this conventional restaurant located?
The property is located at 109661 Highway 97 Chemult, OR.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: 1,410‑square‑foot restaurant property built in 1965; Highway 97 frontage at 109661 Highway 97; Two residential lots included with the property
