Building Details

Year Built 1974

Year Renovated 2008

Listing Agency: Ironwood Properties

Listed By: Adrian R Darimont Show Phone

Source: Exploretucsonproperties

Added: May 11 Changed: Oct 25 Last Checked: Oct 26 at 4:53PM

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Investment Insights

Based on property information with market context.

The Oracle Inn Steak House & Lounge is a historic restaurant and lounge property, with an addition recorded in 1974 and a total remodel completed in 2008. The building features a commercial kitchen serving both the restaurant and bar sides, along with a breezeway that allows restaurant patrons to go directly into the lounge after dinner. Additional amenities include two banquet rooms and a large outdoor patio on the north side of the building with its own bar and seating area.

The property fronts the main street of American Ave and offers corner-to-corner frontage. Lots of parking is available around the building, and the sale includes an adjacent parcel just south of the main parking lot for additional parking.

Offered for sale as a turn-key restaurant and lounge configuration with dedicated food service space, indoor event rooms, and a street-facing patio with bar seating.

Key Highlights

• Historic Oracle Inn Steak House & Lounge; remodeled in 2008
• Fronts on American Ave with corner‑to‑corner frontage and lots of parking around the building
• Adjacent parcel just south of the main parking lot included for extra parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$60,877

Cap Rate

6.24%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,217,540 $1.2M

Cap Rate 7%

$869,671 $869.7K

Cap Rate 9%

$676,411 $676.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 12,535 SF

Gross rent

$99.3K $7.92/SF

− Vacancy

−$12.3K −$0.98/SF

EGI

$87.0K $6.94/SF

− OpEx

−$26.1K −$2.08/SF

NOI

$60.9K $4.86/SF

Area

Pinal County, AZ

Vacancy

12.40%

Lease Rate

$7.92 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,217,540

Cap Rate 7%

$869,671

Cap Rate 9%

$676,411

Alternative Uses

Best Use

Specialty Retail

$2.26M

$1.98M – $2.64M (±1% cap)

NOI $158,223 @ 7.0% cap · market cap 16.23%

Second Best

Industrial

$869.7K

$761.0K – $1.01M (±1% cap)

NOI $60,877 @ 7.0% cap · market cap 6.24%

Theoretical Best

Office A

$3.47M

$3.03M – $4.04M (±1% cap)

NOI $242,581 @ 7.0% cap · market cap 24.88%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Oracle Inn Steakhouse ... Bar & Pub Oracle Inn Bar ... Restaurant

Suggested Use

Top Pick Plumbing Service (Bike/Boat/Book/etc) Store Barber Shop Electrical Service Pet Grooming Service Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

90

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 85623, AZ

4,974

Population

3,017

Households

1.6

Avg Household Size

63

Median Age

41%

College-Educated

94%

High-School Grad

188.6 sq mi

ZIP Area

26

Density / Sq Mi

$68,219

Median Household Income

$44,774

Median Earnings

$2,620

Median Rent

$384,700

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Historic restaurant property with commercial kitchen, patio on American Ave, lounge access breezeway, and on-site banquet rooms.

Where is this conventional restaurant located?

The property is located at 305 E American Ave Oracle, AZ.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: Historic Oracle Inn Steak House & Lounge; remodeled in 2008; Fronts on American Ave with corner‑to‑corner frontage and lots of parking around the building; Adjacent parcel just south of the main parking lot included for extra parking