Freestanding Restaurant with
For Sale
$160,000
1121 PACIFIC Blvd SE, Albany, OR 97321
CommercialSale, Albany, OR
Property Size1,376 SF
Lot Size0.30 Acres
Price / SF$116.28
Days on Market370
Property Features for 1121 PACIFIC Blvd SE
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Directions
Corner of Pacific Blvd SE and SE Sherman St
Subdivision
_221
Standard status
Active
APN
0086310
Size
1,376 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
11S03W07AA
Legal Description
11S03W07AA
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1985
Floors in Building
1
Building materials
Stucco
Roof type
Built-Up, Flat
Listing Agency:
MORE Realty
(503) 353-6673
Listed By:
Simon Wong · License #199910117
(503) 804-2480
Added: Oct 6, 2025
Changed: Oct 10
Last Checked: Oct 10 at 9:06AM
MLS# 609409357
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Freestanding restaurant business offered without the real estate, featuring a 1,376-square-foot operation with approximately 21 dining-room seats. The facility includes a full commercial kitchen, walk-in cooler, drive-through window, and on-site parking. Building improvements include stucco construction, forced-air heating, central air, and a built-up flat roof constructed in 1985.
The business operates at 1121 Pacific Blvd SE in Albany, positioned along Pacific Boulevard with access to I-5 nearby. Online ordering is supported through DoorDash, Uber Eats, and Grubhub, and the operation also has poker machine income. Showings are available by appointment on Tuesdays.
The business operates at 1121 Pacific Blvd SE in Albany, positioned along Pacific Boulevard with access to I-5 nearby. Online ordering is supported through DoorDash, Uber Eats, and Grubhub, and the operation also has poker machine income. Showings are available by appointment on Tuesdays.
Key Highlights
- Business sale only; real estate is not included
- 1,376‑square‑foot freestanding restaurant operation
- Full commercial kitchen with walk‑in cooler
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.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,075
Businesses Nearby
203k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant business with commercial kitchen, customer seating, parking, and multiple delivery channels.
Where is this conventional 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; Full commercial kitchen with walk‑in cooler
