Drive-Through Restaurant
For Sale
$160,000
1121 Pacific Blvd SE, Albany, OR 97321
Freestanding food-service operation with a commercial kitchen, walk-in cooler, on-site parking, and three delivery-app channels.
Property Size1,376 SF
Price / SF$116.28
Days on Market59
Property Features for 1121 Pacific Blvd SE
General Information
Standard status
Active
Size
1,376 SF
Site & Location
Drive-Thru
Yes
Highway Access
Yes
Road Access
Yes
Additional Details
Business Included
Yes
Seating Capacity
21
Building Details
Year Built
1985
Listing Agency:
MORE Realty
Listed By:
Simon Wong · License #199910117
(503) 353-6673
Source:
Wyndeekono
Added: Aug 17
Changed: Oct 10
Last Checked: Oct 7 at 5:36PM
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 MORE Realty
Investment Insights
Based on property information with market context.
This business sale includes a freestanding restaurant operation with 1,376 square feet of space, on-site parking, and a drive-through window. The interior accommodates about 21 dining seats and includes a full commercial kitchen with a walk-in cooler. The operation also uses DoorDash, Uber Eats, and Grubhub for delivery orders.
The business is located at 1121 Pacific Blvd SE in Albany, Oregon, near access to I-5 and along Pacific Boulevard. The sale excludes the underlying real estate. Showings are available by appointment on Tuesdays.
The business is located at 1121 Pacific Blvd SE in Albany, Oregon, near access to I-5 and along Pacific Boulevard. The sale excludes the underlying real estate. Showings are available by appointment on Tuesdays.
Key Highlights
- Business sale only; real estate is not included
- 1,376‑square‑foot freestanding restaurant operation
- Drive‑through window and on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,886
Cap Rate
8.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,720
$277.7K
Cap Rate 7%
$198,371
$198.4K
Cap Rate 9%
$154,289
$154.3K
Market Conditions
NOI Build-Up for 1,376 SF
Gross rent
$20.6K $15.00/SF
− Vacancy
−$803 −$0.58/SF
EGI
$19.8K $14.42/SF
− OpEx
−$6.0K −$4.32/SF
NOI
$13.9K $10.09/SF
Area
Linn County, OR
Vacancy
3.89%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,720
Cap Rate 7%
$198,371
Cap Rate 9%
$154,289
Alternative Uses
Best Use
Specialty Retail
$323.6K
$283.2K – $377.6K
NOI $22,653 @ 7.0% cap · market cap 14.16%
Second Best
Industrial
$198.4K
$173.6K – $231.4K
NOI $13,886 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$400.9K
$350.8K – $467.7K
NOI $28,060 @ 7.0% cap · market cap 17.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,075
Businesses Nearby
203k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 20%
Home Improvements & Furnishings 12%
Apparel 8%
Wendy's
Dining
25,447 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
24,472 visits/mo
0.2 miles
Dutch Bros. Coffee
Dining
19,722 visits/mo
0.0 miles
Panda Express
Dining
18,425 visits/mo
0.4 miles
Goodwill
Apparel
16,684 visits/mo
0.3 miles
Demographics for 97321, OR
30,291
Population
11,790
Households
2.6
Avg Household Size
41
Median Age
38%
College-Educated
96%
High-School Grad
69.1 sq mi
ZIP Area
438
Density / Sq Mi
$95,687
Median Household Income
$45,963
Median Earnings
$1,264
Median Rent
$442,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding food-service operation with a commercial kitchen, walk-in cooler, on-site parking, and three delivery-app channels.
Where is this drive through restaurant located?
The property is located at 1121 Pacific Blvd SE Albany, OR.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Business sale only; real estate is not included; 1,376‑square‑foot freestanding restaurant operation; Drive‑through window and on‑site parking
