Standalone Restaurant with
For Sale
$500,000
123 NW Front Ave, Castle Rock, WA 98611
Flexible restaurant space with a full bar, ADA restrooms, and a fenced rear courtyard.
Property Size1,500 SF
Price / SF$333.33
Days on Market86
Property Features for 123 NW Front Ave
General Information
Standard status
Active
Size
1,500 SF
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Amenities
inviting dining area
full bar with two draft beer hookups
two ADA restrooms
newer commercial hood system
private fenced rear courtyard
Building Details
Year Built
1952
Buildings
1
Listing Agency:
Woodford Commercial RE
Listed By:
Chris Roewe · License #23495
(360) 501-5500
Source:
Chehalisvalleyrealty
Added: Jul 21
Changed: Oct 10
Last Checked: Oct 7 at 3:39PM
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 RE
Investment Insights
Based on property information with market context.
This standalone restaurant building offers approximately 1,500 SF configured for food and beverage service. The interior includes a dining area, full bar, two draft beer hookups, and two ADA restrooms. A newer commercial hood system is included with the sale, supporting the existing restaurant setup.
The property also provides a private fenced rear courtyard that can serve as storage or a break area. It is located in downtown Castle Rock among established businesses, with the address at 123 Front Ave NW in Castle Rock, WA.
The property also provides a private fenced rear courtyard that can serve as storage or a break area. It is located in downtown Castle Rock among established businesses, with the address at 123 Front Ave NW in Castle Rock, WA.
Key Highlights
- Approximately 1,500 SF standalone restaurant building
- Full bar with two draft beer hookups
- Newer commercial hood system included with the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,279
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,580
$465.6K
Cap Rate 7%
$332,557
$332.6K
Cap Rate 9%
$258,656
$258.7K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$32.4K $21.60/SF
− Vacancy
−$1.4K −$0.91/SF
EGI
$31.0K $20.69/SF
− OpEx
−$7.8K −$5.17/SF
NOI
$23.3K $15.52/SF
Area
Cowlitz County, WA
Vacancy
4.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,580
Cap Rate 7%
$332,557
Cap Rate 9%
$258,656
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 authorities.
How Realmo checks its estimates
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Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 98611, WA
10,165
Population
3,687
Households
2.8
Avg Household Size
45
Median Age
14%
College-Educated
92%
High-School Grad
136.1 sq mi
ZIP Area
75
Density / Sq Mi
$81,630
Median Household Income
$46,452
Median Earnings
$1,348
Median Rent
$382,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - Flexible restaurant space with a full bar, ADA restrooms, and a fenced rear courtyard.
Where is this conventional restaurant located?
The property is located at 123 NW Front Ave 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: Approximately 1,500 SF standalone restaurant building; Full bar with two draft beer hookups; Newer commercial hood system included with the sale
