Stand-Alone Restaurant
123 Front Ave NW Castle Rock, WA 98611
123 Front Ave NW, Castle Rock, WA, 98611
Contact for pricing
For Sale
Contact for pricing
Downtown standalone building with dining area, full bar with draft hookups, two ADA restrooms, and a fenced rear courtyard.
Property Size1,500 SF
Price / SF$333.33
Days on Market15
Property Features for 123 Front Ave NW
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- RETAIL
Properties For Sale
at 123 Front Ave NW Contact us
Listing agency
Woodford Commercial Real Estate
(360) 556-5101
Listed by
Chris Roewe · License #23495
(360) 556-5101
Source
Moodyscre
Added: Jul 7 Updated: Jul 20 at 5:40PM Checked: Jul 21 at 5:16AM
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 Woodford Commercial Real Estate
Investment Insights
Based on property information with market context.
This standalone commercial building is currently configured as a restaurant and offers approximately 1,500 SF of flexible interior space. The layout includes an inviting dining area and a full bar with two draft beer hookups. Two ADA restrooms are also in place, and a newer commercial hood system is included with the sale.
A private, fenced rear courtyard provides additional outdoor space suitable for storage or a break area.
While the property is set up for restaurant use, the space is described as adaptable for a range of service-oriented concepts, including café, wine bar, retail shop, boutique, office, and salon.
A private, fenced rear courtyard provides additional outdoor space suitable for storage or a break area.
While the property is set up for restaurant use, the space is described as adaptable for a range of service-oriented concepts, including café, wine bar, retail shop, boutique, office, and salon.
Key Highlights
- Standalone commercial building in downtown Castle Rock with approximately 1,500 SF of flexible space
- Currently configured as a restaurant with an inviting dining area
- Full bar with two draft beer hookups
Local Financial Insights For Specialty 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 | $32.4k | $21.60 |
| − Vacancy | −$1.4k | −$0.91 |
| EGI | $31.0k | $20.69 |
| − OpEx | −$7.8k | −$5.17 |
| NOI | $23.3k | $15.52 |
1,500 SF · lease $21.60/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$332.6K
$291.0K – $388.0K
NOI $23,279 @ 7.0% cap · market cap 4.66%
Second Best
Retail
$258.7K
$226.3K – $301.8K
NOI $18,106 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$494.2K
$432.4K – $576.6K
NOI $34,595 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
The Oasis
Bar & Pub
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Downtown standalone building with dining area, full bar with draft hookups, two ADA restrooms, and a fenced rear courtyard.
Where is this conventional restaurant located?
The property is located at 123 Front Ave NW Castle Rock, WA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Standalone commercial building in downtown Castle Rock with approximately 1,500 SF of flexible space; Currently configured as a restaurant with an inviting dining area; Full bar with two draft beer hookups
