Conventional Restaurant with
For Sale
$650,000
4265 MAIN ST, Springfield, OR 97478
Established restaurant property with on-site equipment, dual road access, and Community Commercial zoning.
Property Size1,614 SF
Lot Size0.50 Acres
Days on Market17
Property Features for 4265 MAIN ST
General Information
Standard status
Active
Size
1,614 SF
Lot size
0.50 Acres
Property subtype
Commercial
Zoning
Community Commercial
Additional Details
Business Included
Yes
Road Access
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$2,404
Building Details
Building Size
1,614 SF
Year Built
1947
Listing Agency:
Keller Williams Realty Eugene and Springfield
(541) 349-2620
Listed By:
Galand Haas
(541) 349-2620
Source:
Worthlandrealestate
Added: Aug 13
Changed: Aug 28
Last Checked: Aug 22 at 5:41AM
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 Keller Williams Realty Eugene and Springfield
Investment Insights
Based on property information with market context.
The property is an established conventional restaurant at 4265 Main St with restaurant equipment included in place. Built in 1947, the site comprises two tax lots configured for restaurant operations and commercial reuse.
Both parcels front Main Street and provide two road access points. The combined site covers 1/2 acre and carries Community Commercial zoning, supporting the existing restaurant use and other commercial applications permitted under that designation.
Both parcels front Main Street and provide two road access points. The combined site covers 1/2 acre and carries Community Commercial zoning, supporting the existing restaurant use and other commercial applications permitted under that designation.
Key Highlights
- Two tax lots with a combined site area of 1/2 acre
- Frontage on Main Street with two road access points
- Community Commercial zoning across both lots
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,240
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$464,800
$464.8K
Cap Rate 7%
$332,000
$332.0K
Cap Rate 9%
$258,222
$258.2K
Market Conditions
NOI Build-Up for 1,614 SF
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.
Gross rent
$32.3K $20.04/SF
− Vacancy
−$1.4K −$0.84/SF
EGI
$31.0K $19.20/SF
− OpEx
−$7.7K −$4.80/SF
NOI
$23.2K $14.40/SF
Area
Lane County, OR
Vacancy
4.20%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$464,800
Cap Rate 7%
$332,000
Cap Rate 9%
$258,222
Alternative Uses
Best Use
Specialty Retail
$332.0K
$290.5K – $387.3K
NOI $23,240 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$408.3K
$357.3K – $476.4K
NOI $28,583 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
368
Businesses Nearby
89k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 43%
Home Improvements & Furnishings 1%
Taco Bell
Dining
19,233 visits/mo
0.2 miles
Dutch Bros. Coffee
Dining
16,459 visits/mo
0.1 miles
Chevron
Shops & Services
11,415 visits/mo
0.3 miles
76
Shops & Services
10,281 visits/mo
0.3 miles
Arby's
Dining
7,976 visits/mo
0.1 miles
Demographics for 97478, OR
39,155
Population
15,182
Households
2.6
Avg Household Size
40
Median Age
22%
College-Educated
92%
High-School Grad
168.4 sq mi
ZIP Area
233
Density / Sq Mi
$79,051
Median Household Income
$38,508
Median Earnings
$1,314
Median Rent
$361,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant property with on-site equipment, dual road access, and Community Commercial zoning.
Where is this conventional restaurant located?
The property is located at 4265 MAIN ST Springfield, OR.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two tax lots with a combined site area of 1/2 acre; Frontage on Main Street with two road access points; Community Commercial zoning across both lots
