Deli and Cafe Restaurant with
For Sale
$135,000
Pending
23270 Sprague River Road, Sprague River, OR 97639
COMMERCIAL - Sprague River, OR
Property Size960 SF
Lot Size0.12 Acres
Days on Market704
Property Features for 23270 Sprague River Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
RUC-C
Parking features
Parking Lot
Patio and Porch features
Patio
Interior features
Granite Counters
Subdivision
Sprague River
Lot features
Level
Directions
Highway 97 N to Chiloquin right on South Chiloquin Road Right on to Chocktoot left on Sprague River Road to the town of Sprague River Running Bear Deli on the Right
Standard status
Pending
APN
332401
Size
960 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2023
Tax Annual Amount
934
Utilities
Sewer type
Septic Tank
Heating system
Oil
Water source
Public
Building Details
Floors in Building
1
Number of units
1
Flooring type
Vinyl, Tile
Building materials
Frame
Roof type
Metal
Listing Agency:
Rookstool Moden Realty Llc
(541) 883-3781
Listed By:
Pixie M Souza · License #200502305
(541) 883-3781
Added: Aug 29, 2024
Changed: Jul 31
Last Checked: Aug 2 at 2:06PM
MLS# 220189062
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.
This deli and cafe restaurant property sits on a 0.12-acre lot and includes a 960-square-foot building with a frame exterior and a metal roof. Interior finishes include granite counters, with vinyl and tile flooring throughout. The property is heated with oil heat and features a patio plus a parking lot for customer or employee parking.
The sale includes the real estate and the equipment to get started, with the building described as formerly the Running Bear Deli in Sprague River, Oregon. Utilities include public water and a septic tank for wastewater.
On-site features support everyday foodservice operations, including the existing interior finish package and the included equipment that can help a new operator transition into service.
The sale includes the real estate and the equipment to get started, with the building described as formerly the Running Bear Deli in Sprague River, Oregon. Utilities include public water and a septic tank for wastewater.
On-site features support everyday foodservice operations, including the existing interior finish package and the included equipment that can help a new operator transition into service.
Key Highlights
- 960 SF restaurant building on a 0.12‑acre lot
- Sale includes the real estate and the equipment
- Granite counters with vinyl and tile flooring
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 | $13.2k | $13.80 |
| − Vacancy | −$689 | −$0.72 |
| EGI | $12.6k | $13.08 |
| − OpEx | −$3.1k | −$3.27 |
| NOI | $9.4k | $9.81 |
960 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$134.6K
$117.7K – $157.0K
NOI $9,419 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$196.2K
$171.7K – $228.9K
NOI $13,736 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97639, OR
231
Population
109
Households
2.1
Avg Household Size
61
Median Age
100%
High-School Grad
57.1 sq mi
ZIP Area
4
Density / Sq Mi
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?
Conventional restaurant - Deli and cafe restaurant with granite counters, oil heat, patio, and on-site parking lot.
Where is this conventional restaurant located?
The property is located at 23270 Sprague River Road Sprague River, OR.
What is the asking price?
The asking price for this property is $135,000.
What are key features of this property?
This property features: 960 SF restaurant building on a 0.12‑acre lot; Sale includes the real estate and the equipment; Granite counters with vinyl and tile flooring
