Corner Bar & Pub
For Sale
$618,000
217 E Pine Street, Central Point, OR 97502
COMMERCIAL - Central Point, OR
Property Size3,248 SF
Lot Size0.18 Acres
Price / SF$190.27
Days on Market263
Property Features for 217 E Pine Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
EC
Parking features
On Street, Parking Lot, Alley
Security features
Security System
Patio and Porch features
Patio, Porch
Interior features
Built-in Features
View
City
Directions
From I-5 Exit 33, head east on Pine St toward downtown Central Point. Property is on the north side between N 2nd & 3rd Sts, just east of the post office. Look for Crackin and Stackin.
Standard status
Active
APN
10141341
Size
3,248 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4763
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Ductless (Heating)
Cooling system
Ductless, Central Air
Water source
Public
Building Details
Year built
1954
Floors in Building
1
Number of units
2
Flooring type
Carpet, Concrete, Laminate
Building materials
Block, Concrete
Roof type
Composition
Listing Agency:
John L. Scott Medford
(541) 779-3611
Listed By:
Jordan Kramer · License #200112030
(541) 840-2992
Added: Nov 21, 2025
Changed: Aug 4
Last Checked: Aug 11 at 6:06PM
MLS# 220212254
Copyright © 2026 Oregon Data Share. 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.
Corner downtown bar and pub building with income from a back-space restaurant that rents separately. The property is described as a recognizable Central Point landmark, formerly Roy's Pioneer Club, and includes built-in features and a porch and patio.
Set on a 0.18-acre lot, the building is constructed of block and concrete and provides public water and public sewer service. Interior finishes include laminate, carpet, and concrete flooring. Heating is provided by ductless systems and hot water, with cooling via central air and ductless.
Parking is available with an on-site parking lot and alley, along with on-street parking. The roof is composition, and the building was built in 1954 and updated over time, offering a flexible footprint for an owner-user or investor in the EC employment commercial zoning district.
Set on a 0.18-acre lot, the building is constructed of block and concrete and provides public water and public sewer service. Interior finishes include laminate, carpet, and concrete flooring. Heating is provided by ductless systems and hot water, with cooling via central air and ductless.
Parking is available with an on-site parking lot and alley, along with on-street parking. The roof is composition, and the building was built in 1954 and updated over time, offering a flexible footprint for an owner-user or investor in the EC employment commercial zoning district.
Key Highlights
- 0.18‑acre corner downtown lot
- Built in 1954 and updated over time
- EC employment commercial zoning
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
$47,995
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
7.77%
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%
$959,900
$959.9K
Cap Rate 7%
$685,643
$685.6K
Cap Rate 9%
$533,278
$533.3K
Market Conditions
NOI Build-Up for 3,248 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
$71.3K $21.96/SF
− Vacancy
−$7.3K −$2.26/SF
EGI
$64.0K $19.70/SF
− OpEx
−$16.0K −$4.93/SF
NOI
$48.0K $14.78/SF
Area
Jackson County, OR
Vacancy
10.28%
Lease Rate
$21.96 /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%
$959,900
Cap Rate 7%
$685,643
Cap Rate 9%
$533,278
Alternative Uses
Best Use
Specialty Retail
$685.6K
$599.9K – $799.9K
NOI $47,995 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$784.0K
$686.0K – $914.6K
NOI $54,878 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
182k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 33%
Groceries 30%
Dining 27%
Apparel 5%
Albertsons
Groceries
39,141 visits/mo
0.4 miles
McDonald's
Dining
31,427 visits/mo
0.1 miles
Chevron
Shops & Services
22,006 visits/mo
0.2 miles
Ray's Food Place
Groceries
15,279 visits/mo
0.3 miles
Goodwill
Apparel
9,638 visits/mo
0.3 miles
Demographics for 97502, OR
29,558
Population
11,717
Households
2.5
Avg Household Size
43
Median Age
21%
College-Educated
89%
High-School Grad
82.1 sq mi
ZIP Area
360
Density / Sq Mi
$79,146
Median Household Income
$42,667
Median Earnings
$1,245
Median Rent
$374,000
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.
Similar Off Market Nearby
- Local Vines Wine Bar — 900 N Haskell St Suite A, Central Point, OR 97502
- The Point Pub & Grill — 311 E Pine St, Central Point, OR 97502
- Corner Club — 51 E Pine St, Central Point, OR 97502
- Roys Pioneer Club — 217 E Pine St, Central Point, OR 97502
Frequently Asked Questions
What type of property is this?
Bar & Pub - Corner downtown building in EC employment commercial zoning with on-site parking and income from a back-tenant restaurant.
Where is this bar & pub located?
The property is located at 217 E Pine Street Central Point, OR.
What is the asking price?
The asking price for this property is $618,000.
What are key features of this property?
This property features: 0.18‑acre corner downtown lot; Built in 1954 and updated over time; EC employment commercial zoning
