Mixed-Use Property with Restaurant
For Sale
$699,000
50316 COLUMBIA RIVER Hwy, Scappoose, OR 97056
CommercialSale, Scappoose, OR
Property Size3,562 SF
Lot Size2.16 Acres
Price / SF$196.24
Days on Market273
Property Features for 50316 COLUMBIA RIVER Hwy
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CO:PA-8
View
Territorial
Directions
US HWY 30, Located on East side of the road
Subdivision
_155
Standard status
Active
APN
7403
Size
3,562 SF
Lot size
2.16 Acres
Taxes and HOA fees
Tax Description
SEC/TWN/RNG/MER:SEC 24 TWN 3N RNG 2W
Tax Annual Amount
8977
Legal Description
SEC/TWN/RNG/MER:SEC 24 TWN 3N RNG 2W
Utilities
Heating system
Forced Air, Ceiling
Water front features
Creek
Water front
1
Amenities
dance floor
full bar
carport
fenced yard
storage shed
four detached garages
RV carport
bonus vacant lot
Building Details
Year built
1949
Floors in Building
1
Building materials
WoodSiding
Roof type
Metal
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Matthew Speight
(503) 849-0307
Added: Nov 26, 2025
Changed: Aug 25
Last Checked: Aug 26 at 3:06AM
MLS# 247774054
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2.16-acre mixed-use property combines a 3,562-square-foot commercial building with a two-story residence measuring approximately 1,896 square feet. The commercial space includes a dining area, full bar, dance floor, full kitchen, two newer walk-in coolers, a newer two-sided cooler, outdoor seating, updated HVAC, and substantial parking. The residence provides two nonconforming bedrooms, two baths, a family room, pantry kitchen, walk-in closet, bonus room with wet bar, and view deck.
Additional improvements include a carport, fenced yard, patio, storage shed, four detached garages, RV carport, and a bonus vacant lot. The property is located on Columbia River Hwy in Scappoose, Oregon, and carries CO:PA-8 zoning. Built in 1949, the property also features a creek, wood siding, a metal roof, and forced-air and ceiling heating.
Additional improvements include a carport, fenced yard, patio, storage shed, four detached garages, RV carport, and a bonus vacant lot. The property is located on Columbia River Hwy in Scappoose, Oregon, and carries CO:PA-8 zoning. Built in 1949, the property also features a creek, wood siding, a metal roof, and forced-air and ceiling heating.
Key Highlights
- 2.16‑acre mixed‑use property with commercial and residential improvements
- 3,562‑square‑foot commercial building with dining area, full bar, dance floor, and full kitchen
- Two newer walk‑in coolers, newer two‑sided cooler, outdoor seating, 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
7.76%
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 7.76%
Second Best
Mixed Use
$687.0K
$601.1K – $801.5K
NOI $48,087 @ 7.0% cap · market cap 6.88%
Theoretical Best
Office A
$961.5K
$841.3K – $1.12M
NOI $67,303 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
36
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story live-work property with a restaurant building, residential space, creek frontage, and flexible commercial zoning.
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 $699,000.
What are key features of this property?
This property features: 2.16‑acre mixed‑use property with commercial and residential improvements; 3,562‑square‑foot commercial building with dining area, full bar, dance floor, and full kitchen; Two newer walk‑in coolers, newer two‑sided cooler, outdoor seating, and updated HVAC
