Restaurant
6 S Columbia St, Milton Freewater, OR 97862
For Sale
$350,000
The property offers a commercial setting along a corridor connecting Walla Walla and Pendleton, with parking on site.
Property Size2,548 SF
Price / SF$137.36
Days on Market170
Property Features for 6 S Columbia St
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
The Provost Team
(509) 730-5752
Listed By:
Roger Esparza · License #201201056
(509) 301-1575
Source:
Eaglecaprealty
Added: May 21
Changed: Nov 6
Last Checked: Nov 6 at 3:09PM
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 The Provost Team
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,548-square-foot restaurant property was built in 1973 and is zoned COM. On-site parking serves the building, which is positioned along the corridor linking Walla Walla and Pendleton.
Located at 6 S Columbia St in Milton Freewater, the property sits on a route described as the area’s busiest corridor. The site is presented for sale.
Located at 6 S Columbia St in Milton Freewater, the property sits on a route described as the area’s busiest corridor. The site is presented for sale.
Key Highlights
- 2,548 square feet of building area
- Built in 1973
- Zoned COM
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,731
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,620
$574.6K
Cap Rate 7%
$410,443
$410.4K
Cap Rate 9%
$319,233
$319.2K
Market Conditions
NOI Build-Up for 2,548 SF
Gross rent
$40.7K $15.96/SF
− Vacancy
−$2.4K −$0.93/SF
EGI
$38.3K $15.03/SF
− OpEx
−$9.6K −$3.76/SF
NOI
$28.7K $11.28/SF
Area
Umatilla County, OR
Vacancy
5.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$574,620
Cap Rate 7%
$410,443
Cap Rate 9%
$319,233
Alternative Uses
Best Use
Specialty Retail
$410.4K
$359.1K – $478.9K
NOI $28,731 @ 7.0% cap · market cap 8.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$533.4K
$466.7K – $622.3K
NOI $37,337 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
39k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 49%
Shops & Services 39%
Dining 12%
Safeway
Groceries
19,212 visits/mo
0.3 miles
Dollar General
Shops & Services
6,768 visits/mo
0.1 miles
Taco Bell
Dining
4,695 visits/mo
0.0 miles
Bank of America
Shops & Services
3,143 visits/mo
0.1 miles
O'Reilly Auto Parts
Shops & Services
2,877 visits/mo
0.0 miles
Demographics for 97862, OR
11,512
Population
5,245
Households
2.2
Avg Household Size
39
Median Age
13%
College-Educated
79%
High-School Grad
292.9 sq mi
ZIP Area
39
Density / Sq Mi
$54,013
Median Household Income
$32,787
Median Earnings
$858
Median Rent
$225,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Breakfast & diner - The property offers a commercial setting along a corridor connecting Walla Walla and Pendleton, with parking on site.
Where is this breakfast & diner located?
The property is located at 6 S Columbia St Milton Freewater, OR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 2,548 square feet of building area; Built in 1973; Zoned COM
