Restaurant with River
For Sale
$579,900
11424 Highway 138, Oakland, OR 97462
Restaurant property with a spacious deck, basement storage, off-street parking, and a boat ramp.
Property Size1,972 SF
Price / SF$294.07
Days on Market52
Property Features for 11424 Highway 138
General Information
Standard status
Active
Size
1,972 SF
Amenities
spacious deck
basement storage
boat ramp
Building Details
Year Built
1955
Listing Agency:
Coldwell Banker Professional Group
Listed By:
Tony Cracolice · License #201207145
(541) 337-9260
Source:
Christiesrealestateevg
Added: Aug 25
Changed: Oct 9
Last Checked: Oct 15 at 1:50AM
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 Coldwell Banker Professional Group
Investment Insights
Based on property information with market context.
This 1,972-square-foot restaurant property was built in 1955 and sits along the Umpqua River. The improvements include a spacious deck, basement storage, off-street parking, and a boat ramp. River-facing sunset views add an outdoor component to the restaurant setting.
The property is positioned to serve activity tied to the river, including campers and fishers. Its combination of restaurant space, exterior deck area, storage, parking, and water access supports a range of on-site customer and operational needs.
The property is positioned to serve activity tied to the river, including campers and fishers. Its combination of restaurant space, exterior deck area, storage, parking, and water access supports a range of on-site customer and operational needs.
Key Highlights
- 1,972‑square‑foot restaurant property built in 1955
- Located along the Umpqua River with sunset views
- Spacious deck provides outdoor customer space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,892
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,840
$477.8K
Cap Rate 7%
$341,314
$341.3K
Cap Rate 9%
$265,467
$265.5K
Market Conditions
NOI Build-Up for 1,972 SF
Gross rent
$33.6K $17.04/SF
− Vacancy
−$1.7K −$0.89/SF
EGI
$31.9K $16.15/SF
− OpEx
−$8.0K −$4.04/SF
NOI
$23.9K $12.12/SF
Area
Douglas County, OR
Vacancy
5.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$477,840
Cap Rate 7%
$341,314
Cap Rate 9%
$265,467
Alternative Uses
Best Use
Specialty Retail
$341.3K
$298.7K – $398.2K
NOI $23,892 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97462, OR
4,130
Population
1,797
Households
2.3
Avg Household Size
52
Median Age
26%
College-Educated
94%
High-School Grad
219.7 sq mi
ZIP Area
19
Density / Sq Mi
$65,032
Median Household Income
$38,338
Median Earnings
$1,205
Median Rent
$377,700
Median Home Value
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with a spacious deck, basement storage, off-street parking, and a boat ramp.
Where is this conventional restaurant located?
The property is located at 11424 Highway 138 Oakland, OR.
What is the asking price?
The asking price for this property is $579,900.
What are key features of this property?
This property features: 1,972‑square‑foot restaurant property built in 1955; Located along the Umpqua River with sunset views; Spacious deck provides outdoor customer space
