Sports
For Sale
Contact for pricing
52600 Hwy 97, La Pine, OR 97739
Commercial General (GC) zoning applies to the property.
Property Size3,825 SF
Lot Size0.96 Acres
Price / SF$300.65
Days on Market125
Property Features for 52600 Hwy 97
General Information
Standard status
Active
Size
3,825 SF
Lot size
0.96 Acres
Property subtype
Retail
Zoning
Commercial General (GC)
Investment Type
Net Lease
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$1,150,000
Building Details
Tenancy
Single
Listing Agency:
Compass Commercial Real Estate Services
(541) 848-4068
Listed By:
Pat Kesgard · License #OR 200408179
Source:
Crexi
Added: Apr 29
Changed: Aug 31
Last Checked: Aug 31 at 3:49AM
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 Compass Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This sports pub property occupies 0.96 acres and is classified under Commercial General (GC) zoning. The property is located at 52600 Hwy 97 in La Pine, Oregon.
Tenant access is managed by appointment only, and on-site visits should be arranged in advance.
Tenant access is managed by appointment only, and on-site visits should be arranged in advance.
Key Highlights
- Sports pub property on 0.96 acres
- Commercial General (GC) zoning
- Located at 52600 Hwy 97 in La Pine, OR 97739
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
$83,128
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
7.23%
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%
$1,662,560
$1.7M
Cap Rate 7%
$1,187,543
$1.2M
Cap Rate 9%
$923,644
$923.6K
Market Conditions
NOI Build-Up for 3,825 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
$114.8K $30.00/SF
− Vacancy
−$3.9K −$1.02/SF
EGI
$110.8K $28.98/SF
− OpEx
−$27.7K −$7.24/SF
NOI
$83.1K $21.73/SF
Area
Deschutes County, OR
Vacancy
3.41%
Lease Rate
$30.00 /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%
$1,662,560
Cap Rate 7%
$1,187,543
Cap Rate 9%
$923,644
Alternative Uses
Best Use
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,128 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.32M
$1.15M – $1.54M
NOI $92,149 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
22k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Chevron
Shops & Services
7,639 visits/mo
0.1 miles
Dollar General
Shops & Services
5,534 visits/mo
0.1 miles
Mobil
Shops & Services
4,605 visits/mo
0.4 miles
Les Schwab Tire Center
Shops & Services
2,815 visits/mo
0.1 miles
Carquest Auto Parts - Baxter Auto Parts
Shops & Services
1,243 visits/mo
0.2 miles
Demographics for 97739, OR
13,102
Population
6,929
Households
1.9
Avg Household Size
53
Median Age
17%
College-Educated
87%
High-School Grad
305.0 sq mi
ZIP Area
43
Density / Sq Mi
$56,256
Median Household Income
$35,775
Median Earnings
$1,144
Median Rent
$327,500
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.
Similar Off Market Nearby
- Vic's Bar & Grill — 16980 Burgess Rd, La Pine, OR 97739
- Wickiup Station Sports Pub — 52600 US-97, La Pine, OR 97739
- Johnston and Sons — 52666 Railroad St, La Pine, OR 97739
Frequently Asked Questions
What type of property is this?
Bar & Pub - Commercial General (GC) zoning applies to the property.
Where is this bar & pub located?
The property is located at 52600 Hwy 97 La Pine, OR.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Sports pub property on 0.96 acres; Commercial General (GC) zoning; Located at 52600 Hwy 97 in La Pine, OR 97739
