Bramble House Conventional
New
For Sale
$475,000
209 Templeton St, Brownsville, OR 97327
Event-oriented layout includes multiple dining areas, a commercial kitchen, bar area, yard, and private parking.
Property Size1,734 SF
Price / SF$273.93
Days on Market6
Property Features for 209 Templeton St
General Information
Standard status
Active
Size
1,734 SF
Building Details
Year Built
2005
Listing Agency:
Curtis Irving Realty Group
(541) 554-5914
Listed By:
Curtis Irving · License #780301871
Source:
Wisser
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 29 at 11:29AM
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 Curtis Irving Realty Group
Investment Insights
Based on property information with market context.
Bramble House is a conventional restaurant and event property offering 1,734 square feet of improvements built in 2005. The interior includes multiple dining areas, a commercial kitchen, and a bar area suited to varied event configurations. An additional room and bathroom have a separate exterior entrance, while an attached building provides another room and bathroom. Two outdoor storage units are also included.
The property is located at 209 Templeton St in Brownsville, Oregon. Outdoor event use is supported by a large yard area, and the private parking lot accommodates up to 16 cars. The combination of restaurant improvements, event-oriented spaces, accessory rooms, and exterior areas provides a defined operating setup for the property’s next use.
The property is located at 209 Templeton St in Brownsville, Oregon. Outdoor event use is supported by a large yard area, and the private parking lot accommodates up to 16 cars. The combination of restaurant improvements, event-oriented spaces, accessory rooms, and exterior areas provides a defined operating setup for the property’s next use.
Key Highlights
- 1,734‑square‑foot restaurant and event property built in 2005
- Multiple dining areas accommodate different event sizes
- Commercial kitchen and bar area included
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
$28,546
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
6.01%
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%
$570,920
$570.9K
Cap Rate 7%
$407,800
$407.8K
Cap Rate 9%
$317,178
$317.2K
Market Conditions
NOI Build-Up for 1,734 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
$56.0K $32.28/SF
− Vacancy
−$17.9K −$10.33/SF
EGI
$38.1K $21.95/SF
− OpEx
−$9.5K −$5.49/SF
NOI
$28.5K $16.46/SF
Area
Linn County, OR
Vacancy
32.00%
Lease Rate
$32.28 /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%
$570,920
Cap Rate 7%
$407,800
Cap Rate 9%
$317,178
Alternative Uses
Best Use
Specialty Retail
$407.8K
$356.8K – $475.8K
NOI $28,546 @ 7.0% cap · market cap 6.01%
Second Best
Industrial
$250.0K
$218.7K – $291.7K
NOI $17,499 @ 7.0% cap · market cap 3.68%
Theoretical Best
Office A
$505.1K
$442.0K – $589.3K
NOI $35,360 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97327, OR
3,053
Population
1,407
Households
2.2
Avg Household Size
46
Median Age
28%
College-Educated
96%
High-School Grad
71.7 sq mi
ZIP Area
43
Density / Sq Mi
$83,051
Median Household Income
$45,667
Median Earnings
$1,015
Median Rent
$376,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Event-oriented layout includes multiple dining areas, a commercial kitchen, bar area, yard, and private parking.
Where is this conventional restaurant located?
The property is located at 209 Templeton St Brownsville, OR.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,734‑square‑foot restaurant and event property built in 2005; Multiple dining areas accommodate different event sizes; Commercial kitchen and bar area included
