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    20189 S Springwater Rd, Estacada, OR

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    Estacada brewery with public house and beer garden on 4.5 acres.

    Type:RETAIL
    Property size:
    10,031 SF
    Lot size:
    1.66 Acres
    Price / SF:
    $194/SF
    Added:
    Mar 8, 2024
    Days on Market:
    829
    Last Refresh:
    May 20 at 8:12 pm

    Property Features for 20189 S Springwater Rd

    General Information

    Standard status
    Active
    Size
    10,031 SF
    Lot size
    1.66 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 20189 S Springwater Rd Contact us

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    Listing Contact
    Tim Pfeiffer

    Listing agent Tim Pfeiffer

    Listing office Norris & Stevens, Inc. - Corporate

    Listing date Mar 8, 2024

    Source Moodyscre

    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 Norris & Stevens, Inc. - Corporate

    HighLights

    • Home to Bent Shovel Brewing – Public House and Beer Garden
    • 4.5 Acres / 196,020 SF
    • Two Clackamas County tax lots included
    • Located in Estacada, Oregon
    • Includes a Public House
    • Includes a Beer Garden

    Overview

    The property at 20189 S Springwater Rd in Estacada, Oregon, is available for purchase. It includes two Clackamas County tax lots totaling 4.5 acres or 196,020 square feet. Currently, the property houses Bent Shovel Brewing – Public House and Beer Garden. The property size is 10,031 square feet.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $215.5k $21.48
    − Vacancy −$16.2k −$1.61
    EGI $199.3k $19.87
    − OpEx −$59.8k −$5.96
    NOI $139.5k $13.91
    10,031 SF · lease $21.48/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.99M
    $1.74M – $2.33M (±1% cap)
    NOI $139,514 @ 7.0% cap · market cap 7.15%
    Second Best
    Specialty Retail
    $1.79M
    $1.57M – $2.09M (±1% cap)
    NOI $125,262 @ 7.0% cap · market cap 6.42%
    Theoretical Best
    Office A
    $2.71M
    $2.37M – $3.16M (±1% cap)
    NOI $189,533 @ 7.0% cap · market cap 9.72%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bent Shovel Brewing Bar & Pub ATM Atm Bent Shovel Brewing ... Bar & Pub

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Food Market Grocery & Convenience Store Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Estacada
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.393
    Latitude
    45.3139

    FAQs

    What type of property is this?
    Pub - Estacada brewery with public house and beer garden on 4.5 acres.
    Where is this pub located?
    The property is located at 20189 S Springwater Rd Estacada, OR.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Home to Bent Shovel Brewing – **Public House and Beer Garden**; **4.5 Acres / 196,020 SF**; Two Clackamas County tax lots included
    (503) 223-3171 Call to check price and availability
    More about this property
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