Coffee Shop with
For Sale
$249,900
319 S 10th St, Independence, OR 97351
A separate walk-up service point adds another customer access option.
Property Size934 SF
Price / SF$267.56
Days on Market51
Property Features for 319 S 10th St
General Information
Standard status
Active
Size
934 SF
Property subtype
Commercial
Zoning
CH
Site & Location
Drive-Thru
Yes
Mixed-Use Components
retail, office
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,258
Amenities
walk-up service access
kitchenette
commercial parking lot
landscaping
Building Details
Building Size
934 SF
Year Built
1915
Buildings
2
Stories
1
Listing Agency:
Real Broker LLC
(855) 450-0442
Listed By:
Joey McNamara
(360) 773-0000
Source:
Eaglecaprealty
Added: Sep 5
Changed: Oct 25
Last Checked: Oct 23 at 5:26PM
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 Real Broker LLC
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Investment Insights
Based on property information with market context.
This coffee shop at 319 S 10th St in Independence has a drive-through window and walk-up service access. The remodeled interior includes a front counter, workspace, office area, and kitchenette. Improvements include updated electrical and plumbing, new sheetrock, insulation, flooring, a heat pump, landscaping, and a commercial parking lot.
Built in 1915, the property is zoned CH. A separate onsite space is leased to a hotdog operator.
Built in 1915, the property is zoned CH. A separate onsite space is leased to a hotdog operator.
Key Highlights
- Drive‑through window and walk‑up service access
- Remodeled interior with front counter, workspace, office area, and kitchenette
- Updated electrical and plumbing; new sheetrock, insulation, and flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,912
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,240
$258.2K
Cap Rate 7%
$184,457
$184.5K
Cap Rate 9%
$143,467
$143.5K
Market Conditions
NOI Build-Up for 934 SF
Gross rent
$17.9K $19.20/SF
− Vacancy
−$717 −$0.77/SF
EGI
$17.2K $18.43/SF
− OpEx
−$4.3K −$4.61/SF
NOI
$12.9K $13.82/SF
Area
Polk County, OR
Vacancy
4.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$258,240
Cap Rate 7%
$184,457
Cap Rate 9%
$143,467
Alternative Uses
Best Use
Specialty Retail
$184.5K
$161.4K – $215.2K
NOI $12,912 @ 7.0% cap · market cap 5.17%
Second Best
Retail
$160.6K
$140.5K – $187.3K
NOI $11,239 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$248.0K
$217.0K – $289.3K
NOI $17,359 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
242
Businesses Nearby
70k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 36%
Groceries 13%
McDonald's
Dining
20,796 visits/mo
0.4 miles
Dollar Tree
Shops & Services
13,209 visits/mo
0.4 miles
Dollar General
Shops & Services
9,378 visits/mo
0.1 miles
Chevron
Shops & Services
9,216 visits/mo
0.4 miles
Grocery Outlet Bargain Market
Groceries
9,064 visits/mo
0.4 miles
Demographics for 97351, OR
11,292
Population
3,697
Households
3.1
Avg Household Size
34
Median Age
25%
College-Educated
89%
High-School Grad
52.3 sq mi
ZIP Area
216
Density / Sq Mi
$84,717
Median Household Income
$40,990
Median Earnings
$1,592
Median Rent
$357,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Brook’s & Terry’s — 1495 Monmouth St, Independence, OR 97351
- Brook's & Terry's Espresso — 1495 Monmouth St, Independence, OR 97351
- Fro-Zone Frozen Yogurt — 1389 Monmouth St, Independence, OR 97351
- Pink House Cafe — 242 D St, Independence, OR 97351
- Painted Pony Coffee and Cream — 226 S Main St, Independence, OR 97351
Frequently Asked Questions
What type of property is this?
Coffee shop - A separate walk-up service point adds another customer access option.
Where is this coffee shop located?
The property is located at 319 S 10th St Independence, OR.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Drive‑through window and walk‑up service access; Remodeled interior with front counter, workspace, office area, and kitchenette; Updated electrical and plumbing; new sheetrock, insulation, and flooring
