Bar and Restaurant
38725 PROCTOR BLVD, Sandy, OR 97055
For Sale
New
$575,000
Indoor and outdoor dining areas accompany HVAC systems installed in 2021.
Property Size2,800 SF
Days on Market5
Property Features for 38725 PROCTOR BLVD
General Information
Standard status
Size
Property subtype
Additional Details
Patio
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX Advantage Group
Listed By:
Tabitha Lovett · License OR #201209199
(971) 218-2598
Source:
Eleeterealestate
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:28PM
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 RE/MAX Advantage Group
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Investment Insights
Based on property information with market context.
Built in 1972, the property is configured as a bar and restaurant, with space for dining both inside and outdoors. HVAC systems were installed in 2021. The sale covers the real estate; the restaurant business is excluded.
The property is located in Sandy, Oregon. The existing tenant is in default, notice has been served, and legal proceedings are underway. Lease and occupancy matters warrant buyer review.
The property is located in Sandy, Oregon. The existing tenant is in default, notice has been served, and legal proceedings are underway. Lease and occupancy matters warrant buyer review.
Key Highlights
- Indoor and outdoor dining areas
- HVAC systems installed in 2021
- 1972 construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,965
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$699,300
$699.3K
Cap Rate 7%
$499,500
$499.5K
Cap Rate 9%
$388,500
$388.5K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$50.4K $18.00/SF
− Vacancy
−$3.8K −$1.35/SF
EGI
$46.6K $16.65/SF
− OpEx
−$11.7K −$4.16/SF
NOI
$35.0K $12.49/SF
Area
Clackamas County, OR
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$699,300
Cap Rate 7%
$499,500
Cap Rate 9%
$388,500
Alternative Uses
Best Use
Specialty Retail
$499.5K
$437.1K – $582.8K
NOI $34,965 @ 7.0% cap · market cap 6.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$755.8K
$661.3K – $881.8K
NOI $52,905 @ 7.0% cap · market cap 9.20%
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
Location Intelligence
Trade Area within ½ mile
669
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97055, OR
20,606
Population
7,931
Households
2.6
Avg Household Size
39
Median Age
26%
College-Educated
95%
High-School Grad
112.6 sq mi
ZIP Area
183
Density / Sq Mi
$105,696
Median Household Income
$54,075
Median Earnings
$1,573
Median Rent
$472,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Tollgate Inn Restaurant & Saloon — 38100 US-26, Sandy, OR 97055
- Two Mikes Saloon — 38100 US-26, Sandy, OR 97055
- No Place Saloon — 38725 Proctor Blvd, Sandy, OR 97055
- The Beer Den — 38905 Proctor Blvd, Sandy, OR 97055
- Just Rum I Just a Tasting Room — 17020 Ruben Ln, Sandy, OR 97055
Frequently Asked Questions
What type of property is this?
Bar & Pub - Indoor and outdoor dining areas accompany HVAC systems installed in 2021.
Where is this bar & pub located?
The property is located at 38725 PROCTOR BLVD Sandy, OR.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Indoor and outdoor dining areas; HVAC systems installed in 2021; 1972 construction
