Mixed-Use Property with Restaurant
For Sale
$799,000
50316 COLUMBIA RIVER HWY, Scappoose, OR 97056
Commercial improvements include a former restaurant and bar plus a separate two-story residence.
Property Size3,562 SF
Lot Size2.16 Acres
Price / SF$224.31
Days on Market279
Property Features for 50316 COLUMBIA RIVER HWY
General Information
Standard status
Active
Size
3,562 SF
Lot size
2.16 Acres
Property subtype
General Commercial
Restaurant
Patio
Yes
Equipment Included
Yes
Taxes and HOA fees
Annual Taxes
$8,977
Amenities
dance floor
carport
fenced yard
storage shed
four detached garages
RV carport
bonus vacant lot
A/C - Other
3
Metal
20 Parking Spaces. On Site.
Acres1to3
Creek
Creek, Handicapped Access, Fenced, Storage Area, Office/Library. Paved Road.
Building Details
Year Built
1949
Listing Agency:
eXp Realty, LLC
(503) 849-0307
Listed By:
Matthew Speight
(503) 849-0307
Source:
Xome
Added: Nov 24, 2025
Changed: Aug 29
Last Checked: Jul 22 at 3:33AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
Located at 50316 Columbia River Hwy in Scappoose, this 2.16-acre mixed-use property combines commercial and residential improvements. The approximately 3,562-square-foot commercial building was formerly operated as a restaurant and bar, with a dining area, full bar, dance floor, kitchen, two newer walk-in coolers, a newer two-sided cooler, outdoor seating, and updated HVAC.
The separate approximately 1,896-square-foot, two-story home includes two nonconforming bedrooms, two baths, a family room, pantry kitchen, walk-in closet, bonus room with wet bar, and view deck. Additional site improvements include a carport, fenced yard, patio, storage shed, four detached garages, and an RV carport. The property was built in 1949 and is zoned CO:PA-8.
The separate approximately 1,896-square-foot, two-story home includes two nonconforming bedrooms, two baths, a family room, pantry kitchen, walk-in closet, bonus room with wet bar, and view deck. Additional site improvements include a carport, fenced yard, patio, storage shed, four detached garages, and an RV carport. The property was built in 1949 and is zoned CO:PA-8.
Key Highlights
- 2.16‑acre mixed‑use property at 50316 Columbia River Hwy
- Approximately 3,562 sq. ft. commercial building with dining area, bar, dance floor, and kitchen
- Two newer walk‑in coolers, a newer two‑sided cooler, and updated HVAC
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
$54,242
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
6.79%
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%
$1,084,840
$1.1M
Cap Rate 7%
$774,886
$774.9K
Cap Rate 9%
$602,689
$602.7K
Market Conditions
NOI Build-Up for 3,562 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
$76.9K $21.60/SF
− Vacancy
−$4.6K −$1.30/SF
EGI
$72.3K $20.30/SF
− OpEx
−$18.1K −$5.08/SF
NOI
$54.2K $15.23/SF
Area
Columbia County, OR
Vacancy
6.00%
Lease Rate
$21.60 /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%
$1,084,840
Cap Rate 7%
$774,886
Cap Rate 9%
$602,689
Alternative Uses
Best Use
Specialty Retail
$774.9K
$678.0K – $904.0K
NOI $54,242 @ 7.0% cap · market cap 6.79%
Second Best
Mixed Use
$687.0K
$601.1K – $801.5K
NOI $48,087 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$961.5K
$841.3K – $1.12M
NOI $67,303 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
41
Businesses Nearby
Explore this area
Business Placement
Demographics for 97056, OR
12,926
Population
5,179
Households
2.5
Avg Household Size
44
Median Age
23%
College-Educated
91%
High-School Grad
110.7 sq mi
ZIP Area
117
Density / Sq Mi
$95,351
Median Household Income
$50,489
Median Earnings
$1,612
Median Rent
$437,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial improvements include a former restaurant and bar plus a separate two-story residence.
Where is this mixed-use property located?
The property is located at 50316 COLUMBIA RIVER HWY Scappoose, OR.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2.16‑acre mixed‑use property at 50316 Columbia River Hwy; Approximately 3,562 sq. ft. commercial building with dining area, bar, dance floor, and kitchen; Two newer walk‑in coolers, a newer two‑sided cooler, and updated HVAC
