Building Details

Year built 1983

Floors in Building 1

Building materials WoodFrame

Roof type Composition

Listing Agency: Pacific Coast Real Estate & Development, LLC c***@pcreteam.com Show Phone

Listed By: Joseph Aguirre Show Phone

Added: Oct 3, 2024 Changed: Aug 25 Last Checked: Aug 25 at 10:06AM

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MLS# 24211901

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1,896-square-foot restaurant property includes the building, operating business, furniture, fixtures, and equipment. The dining room seats 50 and overlooks Winchester Bay Harbor with views toward the ocean. A fully equipped kitchen is complemented by separate seafood processing facilities, supporting both restaurant and seafood market operations. The property is zoned CA-12 and was built in 1983 on a 0.08-acre lot.

Recent improvements include a new roof, fresh paint, new windows, and a new deep fryer. Wood-frame construction, zoned heating, and a composition roof are in place. The sale conveys the restaurant business and existing equipment, along with the building and site.

Key Highlights

• 1,896 SF restaurant building on a 0.08‑acre lot
• Dining room seats 50 with harbor and ocean views
• Separate seafood processing facilities

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

$22,971

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

7.66%

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%

$459,420 $459.4K

Cap Rate 7%

$328,157 $328.2K

Cap Rate 9%

$255,233 $255.2K

Market Conditions

NOI Build-Up for 1,896 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

$32.3K $17.04/SF

− Vacancy

−$1.7K −$0.89/SF

EGI

$30.6K $16.15/SF

− OpEx

−$7.7K −$4.04/SF

NOI

$23.0K $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%

$459,420

Cap Rate 7%

$328,157

Cap Rate 9%

$255,233

Alternative Uses

Best Use

Specialty Retail

$328.2K

$287.1K – $382.9K (±1% cap)

NOI $22,971 @ 7.0% cap · market cap 7.66%

Second Best

Retail

$322.5K

$282.2K – $376.3K (±1% cap)

NOI $22,576 @ 7.0% cap · market cap 7.53%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Conventional restaurants

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

91

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 97467, OR

5,602

Population

2,816

Households

2

Avg Household Size

53

Median Age

14%

College-Educated

93%

High-School Grad

327.9 sq mi

ZIP Area

17

Density / Sq Mi

$58,333

Median Household Income

$41,441

Median Earnings

$750

Median Rent

$224,100

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Includes a fully equipped kitchen, seafood processing facilities, and harbor and ocean views.

Where is this conventional restaurant located?

The property is located at 142 BAY FRONT Loop Winchester Bay, OR.

What is the asking price?

The asking price for this property is $299,950.

What are key features of this property?

This property features: 1,896 SF restaurant building on a 0.08‑acre lot; Dining room seats 50 with harbor and ocean views; Separate seafood processing facilities