High-Profile Commercial Site in
4200 River Rd N, Keizer, OR 97303
0.80-acre commercial site with dual access and high traffic count.
Type:Retail
Property size:
8,840 SFLot size:
0.80 AcresPrice / SF:
$226/SF- Added:
- Jan 26, 2026
- Days on Market:
- 111
- Last Refresh:
- Apr 5 at 8:33 pm
Property Features for 4200 River Rd N
General Information
- Standard status
- Active
- Size
- 8,840 SF
- Lot size
- 0.80 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1947
Listing agent Nick Williams, CCIM License ##201230204 (503) 400-7851
Listing office SVN Commercial Advisors | Salem (503) 400-7851
Listing date Jan 26, 2026
Source Corfac
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 SVN Commercial Advisors | Salem
HighLights
- High‑profile commercial site at a signalized intersection with unmatched visibility.
- Dual frontage with excellent access from two streets (River Road N and Cherry Avenue NE).
- CMU (Commercial Mixed Use) zoning allows for versatile retail, office, or redevelopment options.
- High traffic count of 27,921 vehicles per day on River Road.
- Seller may consider owner‑carry transaction for a well‑qualified buyer.
- Located in a supply‑constrained submarket near major retail hubs like Keizer Station.
Overview
This 0.80-acre commercial site is located at the signalized intersection of River Road N and Manbrin Dr NE. The property features dual frontage and access from both streets, offering visibility. The site is zoned CMU (Commercial Mixed Use), making it versatile for retail, office, or redevelopment. It currently features an 8,840 SF restaurant building, JC’s Pizzaria, with on-site parking exceeding minimum code requirements. The corner lot benefits from traffic counts of 27,921 vehicles per day on River Road and is surrounded by commercial, residential, and institutional uses. The property is near Keizer Station and has visibility along the city's main arterial. The restaurant shall remain operational until Q3 2025. The transaction is for real estate only, and the business is not for sale.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$1.62M
NOI $145,531 @ 9.00% cap · cautious / downside scenario
Moderate
$2.08M
NOI $145,531 @ 7.00% cap · market / base-case scenario
Aggressive
$2.91M
NOI $145,531 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $285.4k | $32.28 |
| − Vacancy | −$91.3k | −$10.33 |
| EGI | $194.0k | $21.95 |
| − OpEx | −$48.5k | −$5.49 |
| NOI | $145.5k | $16.46 |
8,840 SF · lease $32.28/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$2.08M
$1.82M – $2.43M
NOI $145,531 @ 7.0% cap · market cap 7.28%
Second Best
Retail
$1.52M
$1.33M – $1.78M
NOI $106,594 @ 7.0% cap · market cap 5.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Keizer
- County
- Marion
- State
- Oregon
- Longitude
- -123.026
- Latitude
- 44.9865
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - 0.80-acre commercial site with dual access and high traffic count.
Where is this restaurant located?
The property is located at 4200 River Rd N Keizer, OR.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: High‑profile commercial site at a signalized intersection with unmatched visibility.; Dual frontage with excellent access from two streets (River Road N and Cherry Avenue NE).; CMU (Commercial Mixed Use) zoning allows for versatile retail, office, or redevelopment options.
