Restaurant with River
For Sale
$579,900
11424 Hwy 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 Market13
Property Features for 11424 Hwy 138
General Information
Standard status
Active
Size
1,972 SF
Property subtype
Commercial
Amenities
spacious deck
basement storage
boat ramp
Building Details
Year Built
1955
Listing Agency:
Coldwell Banker Professional Group
(541) 337-9260
Listed By:
Tony Cracolice · License #201207145
Source:
Heartandhomesnw
Added: Aug 18
Changed: Aug 28
Last Checked: Aug 29 at 10:35AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,892
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 Hwy 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
