Building Details

Building Size 4,724 SF

Year Built 1946

Stories 2

Listing Agency: Pacific Real Estate Services Inc Show Phone

Listed By: Barry Domnich Show Phone

Source: Eaglecaprealty

Added: Oct 18 Changed: Oct 25 Last Checked: Oct 29 at 8:11PM

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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 Pacific Real Estate Services Inc

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Investment Insights

Based on property information with market context.

This vacant 1946 property has approximately 4,724 square feet of improvements on two tax lots totaling 2.46 acres. The building contains areas previously used for dining and a lounge, four upstairs rooms formerly used as guest rooms, and a separate living area with a kitchen and independent entrance. Recent work includes a septic system installed in 2026, a replacement dining-room roof, plumbing upgrades, and a propane furnace. The site also has a private well; no operating business is included in the sale.

The tax lots lie on opposite sides of Highway 126 between Leaburg and Vida. Deed records indicate approximately 675 feet of McKenzie River frontage. The 1.50-acre lot is zoned Rural Commercial, and the 0.96-acre lot is zoned Rural Residential, identified as RC&RR2. No use is represented as legally established or permitted; buyers should verify zoning, approvals, system capacity, occupancy, room count, frontage, and applicable requirements.

Key Highlights

• Approximately 4,724 square feet of improvements on 2.46 acres
• Approximately 675 feet of McKenzie River frontage per deed
• Two tax lots across Highway 126: 1.50 acres Rural Commercial and 0.96 acres Rural Residential

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,610

Cap Rate

4.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$572,200 $572.2K

Cap Rate 7%

$408,714 $408.7K

Cap Rate 9%

$317,889 $317.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,724 SF

Gross rent

$70.9K $15.00/SF

− Vacancy

−$10.6K −$2.25/SF

EGI

$60.2K $12.75/SF

− OpEx

−$31.6K −$6.69/SF

NOI

$28.6K $6.06/SF

Area

Lane County, OR

Vacancy

15.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$572,200

Cap Rate 7%

$408,714

Cap Rate 9%

$317,889

Alternative Uses

Best Use

Hotel Hospitality

$408.7K

$357.6K – $476.8K (±1% cap)

NOI $28,610 @ 7.0% cap · market cap 4.40%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.20M

$1.05M – $1.39M (±1% cap)

NOI $83,658 @ 7.0% cap · market cap 12.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Hotels

Suggested Use

Top Pick Parking Lot & Garage Restaurant Travel Agency Wine and Liquor Store Real Estate Agency Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

30

Businesses Nearby

Explore this area Business Placement

Demographics for 97489, OR

848

Population

462

Households

1.8

Avg Household Size

56

Median Age

16%

College-Educated

90%

High-School Grad

29.7 sq mi

ZIP Area

29

Density / Sq Mi

$68,295

Median Household Income

$53,900

Median Earnings

$429,600

Median Home Value

Frequently Asked Questions

What type of property is this?

Hotel - Vacant improvements include former dining, lounge, guest-room, and separate living areas; use is subject to county approvals.

Where is this hotel located?

The property is located at 45441 McKenzie Hwy Leaburg, 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: Approximately 4,724 square feet of improvements on 2.46 acres; Approximately 675 feet of McKenzie River frontage per deed; Two tax lots across Highway 126: 1.50 acres Rural Commercial and 0.96 acres Rural Residential