Hotel and Restaurant
1609 E Harbor Dr Warrenton, OR 97146
For Sale
Contact for pricing
Four-story hotel with indoor pool and conference facilities, plus a separate full restaurant with bar.
Property Size24,771 SF
Price / SF$165.31
Days on Market168
Property Features for 1609 E Harbor Dr
General Information
- Standard status
- Active
- Size
- 24,771 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1990
Listing Agency:
KW Commercial Portland Premiere
(503) 313-8262
Listed By:
Bradley King · License #OR 201235429
Source:
Crexi
Added: Feb 5
Changed: Jul 23
Last Checked: Jul 23 at 2:55PM
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 KW Commercial Portland Premiere
Investment Insights
Based on property information with market context.
This four-story hospitality property is currently in distressed condition and requires rehabilitation or renovations. The on-site amenities include an indoor pool, sauna, steam room, conference room, and a laundry room for guests, along with 62 keys and a manager’s suite.
The property is located at the gateway to the North Oregon Coast on a coastal corridor. It also includes a separate building that operates as a full restaurant with a bar.
The listing is offered as a combined hotel and restaurant package. The estimated hotel size is 20K square feet, and the property will require buyer due diligence.
The property is located at the gateway to the North Oregon Coast on a coastal corridor. It also includes a separate building that operates as a full restaurant with a bar.
The listing is offered as a combined hotel and restaurant package. The estimated hotel size is 20K square feet, and the property will require buyer due diligence.
Key Highlights
- 1990‑built, 4‑story hotel with indoor pool, sauna, and steam room
- Hospitality property includes conference room and a guest laundry room
- 62 keys plus a manager’s suite
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 | $544.0k | $21.96 |
| − Vacancy | −$54.4k | −$2.20 |
| EGI | $489.6k | $19.76 |
| − OpEx | −$122.4k | −$4.94 |
| NOI | $367.2k | $14.82 |
24,771 SF · lease $21.96/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$5.25M
$4.59M – $6.12M
NOI $367,181 @ 7.0% cap · market cap 8.97%
Second Best
Hotel Hospitality
$2.14M
$1.88M – $2.50M
NOI $150,019 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$7.20M
$6.30M – $8.40M
NOI $504,139 @ 7.0% cap · market cap 12.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shilo Inns Warrenton
Hotel & Motel
FAQs
What type of property is this?
Hotel - Four-story hotel with indoor pool and conference facilities, plus a separate full restaurant with bar.
Where is this hotel located?
The property is located at 1609 E Harbor Dr Warrenton, OR.
What is the asking price?
The asking price for this property is $4,095,000.
What are key features of this property?
This property features: 1990‑built, 4‑story hotel with indoor pool, sauna, and steam room; Hospitality property includes conference room and a guest laundry room; 62 keys plus a manager’s suite
