Building Details

Year built 1948

Floors in Building 1

Number of units 2

Flooring type Tile, Vinyl, Carpet, Hardwood

Building materials Frame

Roof type Metal, Composition

Additional Structures Gazebo

Listing Agency: RE/MAX Integrity · RE/MAX International m***@idealbrokersinc.com Show Phone

Listed By: Karla Jefferson Show Phone

Added: Sep 7 Changed: Oct 27 Last Checked: Oct 29 at 10:06AM

Report an Issue

MLS# 220228342

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.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This restaurant property includes a 3,125 SF main building with a full commercial kitchen, walk-in refrigerators, a full-service bar, and two fenced patios. The improvements also include a beer garden area described for live music and events, with FF&E included for the restaurant and bar. A newer 750 SF secondary unit provides a kitchenette and half bath.

The property encompasses 2.02 acres along Redwood Highway, also identified as Hwy 199, in O'Brien, Oregon. Building systems include heat pump and ductless heating and cooling, while water service is provided by a well and wastewater service by a septic tank. The 1948 frame building has hardwood, tile, vinyl, and carpet flooring, with composition and metal roofing.

Key Highlights

• 2.02‑acre property along Redwood Highway, also identified as Hwy 199
• 3,125 SF main building with full commercial kitchen and full‑service bar
• Walk‑in refrigerators, two fenced patios, and beer garden area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$23,966

Cap Rate

6.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$479,320 $479.3K

Cap Rate 7%

$342,371 $342.4K

Cap Rate 9%

$266,289 $266.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,875 SF

Gross rent

$36.7K $9.48/SF

− Vacancy

−$2.5K −$0.64/SF

EGI

$34.2K $8.84/SF

− OpEx

−$10.3K −$2.65/SF

NOI

$24.0K $6.18/SF

Area

Josephine County, OR

Vacancy

6.80%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$479,320

Cap Rate 7%

$342,371

Cap Rate 9%

$266,289

Alternative Uses

Best Use

Specialty Retail

$630.9K

$552.0K – $736.0K (±1% cap)

NOI $44,162 @ 7.0% cap · market cap 11.62%

Second Best

Industrial

$342.4K

$299.6K – $399.4K (±1% cap)

NOI $23,966 @ 7.0% cap · market cap 6.31%

Theoretical Best

Office A

$878.6K

$768.8K – $1.03M (±1% cap)

NOI $61,503 @ 7.0% cap · market cap 16.19%

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

Intentional Creations Alternative Medicine Practice

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Food Market Law Firm Bed & Breakfast Restaurant

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

Highway access

Location Intelligence

Trade Area within ½ mile

23

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 97534, OR

664

Population

520

Households

1.3

Avg Household Size

55

Median Age

21%

College-Educated

77%

High-School Grad

25.6 sq mi

ZIP Area

26

Density / Sq Mi

$30,231

Median Household Income

$20,457

Median Earnings

$257,500

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 - Restaurant and bar improvements include a commercial kitchen, walk-in refrigeration, patios, and a separate kitchenette unit.

Where is this conventional restaurant located?

The property is located at 33103 Redwood Highway O Brien, OR.

What is the asking price?

The asking price for this property is $380,000.

What are key features of this property?

This property features: 2.02‑acre property along Redwood Highway, also identified as Hwy 199; 3,125 SF main building with full commercial kitchen and full‑service bar; Walk‑in refrigerators, two fenced patios, and beer garden area