Tavern with Manufactured
For Sale
$1,400,000
20005 Highway 58, Crescent Lake, OR 97733
RCR-C zoning supports a tavern property with additional residential improvements on a substantial landholding.
Property Size5,000 SF
Lot Size6.00 Acres
Price / SF$280
Days on Market137
Property Features for 20005 Highway 58
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
30
Lot size
6.00 Acres
Property subtype
Commercial
Zoning
RCR-C
Units
Unit Mix
1 x double-wide, 1 x single-wide
Multifamily Units
2
Additional Details
Business Included
Yes
Land Use
commercial, residential
Taxes and HOA fees
Annual Taxes
$2,472
Building Details
Building Size
5,000 SF
Year Built
1978
Listing Agency:
Crescent Lake Realty, Inc
(541) 433-5368
Listed By:
Donna Werner · License #780203954
(541) 433-5368
Source:
Allprofessionalsre
Added: Apr 16
Changed: Aug 29
Last Checked: Aug 29 at 11:26AM
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 Crescent Lake Realty, Inc
Investment Insights
Based on property information with market context.
The property includes an approximately 5,000-square-foot tavern building constructed in 1978, along with two manufactured homes: one double-wide and one single-wide. The improvements are situated on more than 6 acres under RCR-C zoning, identified as Rural Commercial/Residential.
Located at 20005 Highway 58 in Crescent Lake, Oregon, the property combines an operating tavern format with residential improvements and a sizable land component. The address is in Oregon 97733, and the site offers an established bar-and-pub use alongside the included manufactured housing.
Located at 20005 Highway 58 in Crescent Lake, Oregon, the property combines an operating tavern format with residential improvements and a sizable land component. The address is in Oregon 97733, and the site offers an established bar-and-pub use alongside the included manufactured housing.
Key Highlights
- Approximately 5,000 square feet of tavern space
- More than 6 acres of RCR‑C‑zoned land
- Includes one double‑wide and one single‑wide manufactured home
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
$49,059
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
3.50%
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%
$981,180
$981.2K
Cap Rate 7%
$700,843
$700.8K
Cap Rate 9%
$545,100
$545.1K
Market Conditions
NOI Build-Up for 5,000 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
$69.0K $13.80/SF
− Vacancy
−$3.6K −$0.72/SF
EGI
$65.4K $13.08/SF
− OpEx
−$16.4K −$3.27/SF
NOI
$49.1K $9.81/SF
Area
Klamath County, OR
Vacancy
5.20%
Lease Rate
$13.80 /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%
$981,180
Cap Rate 7%
$700,843
Cap Rate 9%
$545,100
Alternative Uses
Best Use
Specialty Retail
$700.8K
$613.2K – $817.7K
NOI $49,059 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$894.2K – $1.19M
NOI $71,539 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sinclair
Shops & Services
3,986 visits/mo
0.1 miles
Demographics for 97733, OR
893
Population
1,169
Households
0.8
Avg Household Size
56
Median Age
27%
College-Educated
74%
High-School Grad
378.5 sq mi
ZIP Area
2
Density / Sq Mi
$46,620
Median Household Income
$18,707
Median Earnings
$223,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bar & Pub - RCR-C zoning supports a tavern property with additional residential improvements on a substantial landholding.
Where is this bar & pub located?
The property is located at 20005 Highway 58 Crescent Lake, OR.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Approximately 5,000 square feet of tavern space; More than 6 acres of RCR‑C‑zoned land; Includes one double‑wide and one single‑wide manufactured home
