Updated Restaurant with
For Sale
$349,000
75310 US HIGHWAY 101, Winchester Bay, OR 97467
CommercialSale, WinchesterBay, OR
Property Size1,472 SF
Lot Size0.14 Acres
Price / SF$237.09
Days on Market679
Property Features for 75310 US HIGHWAY 101
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CT
Directions
Hwy 101 to Winchester Bay
Subdivision
_265
Standard status
Active
APN
R66235
Size
1,472 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
WINCHESTER BAY, BLOCK 17, LOT 4 5 & 18 & PT 3 LESS HWY, ACRES 0.1
Tax Annual Amount
2686
Legal Description
WINCHESTER BAY, BLOCK 17, LOT 4 5 & 18 & PT 3 LESS HWY, ACRES 0.1
Utilities
Heating system
Zoned
Building Details
Year built
1964
Building materials
Brick, WoodFrame
Roof type
Built-Up, Flat
Listing Agency:
Pacific Coast Real Estate & Development, LLC
(541) 808-3297
Listed By:
Joseph Aguirre · License #201012096
(541) 217-7710
Added: Oct 16, 2024
Changed: Aug 25
Last Checked: Aug 25 at 10:06AM
MLS# 24298777
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 restaurant property comprises a 1,472-square-foot building on 0.14 acres, with a 1964 construction date and a mix of brick and wood-frame construction. Recent work includes refreshed fixtures and finishes, along with new kitchen and refrigeration equipment. The sale includes the restaurant’s furniture, fixtures, and equipment. A built-up flat roof and zoned heating serve the building, which carries CT zoning.
The property is positioned along US Highway 101 in Winchester Bay, providing highway exposure and a large roadside sign. Its customer base includes local patrons, while the surrounding area draws recreational visitors connected to nearby sand dunes and sport fishing. The existing restaurant setup and included equipment support continued food-service use without adding unsupported operational assumptions.
The property is positioned along US Highway 101 in Winchester Bay, providing highway exposure and a large roadside sign. Its customer base includes local patrons, while the surrounding area draws recreational visitors connected to nearby sand dunes and sport fishing. The existing restaurant setup and included equipment support continued food-service use without adding unsupported operational assumptions.
Key Highlights
- 1,472‑square‑foot restaurant building on 0.14 acres
- CT zoning
- Located along US Highway 101 in Winchester Bay
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
$17,834
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
5.11%
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%
$356,680
$356.7K
Cap Rate 7%
$254,771
$254.8K
Cap Rate 9%
$198,156
$198.2K
Market Conditions
NOI Build-Up for 1,472 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
$25.1K $17.04/SF
− Vacancy
−$1.3K −$0.89/SF
EGI
$23.8K $16.15/SF
− OpEx
−$5.9K −$4.04/SF
NOI
$17.8K $12.12/SF
Area
Douglas County, OR
Vacancy
5.20%
Lease Rate
$17.04 /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%
$356,680
Cap Rate 7%
$254,771
Cap Rate 9%
$198,156
Alternative Uses
Best Use
Specialty Retail
$254.8K
$222.9K – $297.2K
NOI $17,834 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97467, OR
5,602
Population
2,816
Households
2
Avg Household Size
53
Median Age
14%
College-Educated
93%
High-School Grad
327.9 sq mi
ZIP Area
17
Density / Sq Mi
$58,333
Median Household Income
$41,441
Median Earnings
$750
Median Rent
$224,100
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.
Frequently Asked Questions
What type of property is this?
Restaurant - Turnkey sale includes furniture, fixtures, kitchen equipment, and refrigeration systems.
Where is this restaurant located?
The property is located at 75310 US HIGHWAY 101 Winchester Bay, OR.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1,472‑square‑foot restaurant building on 0.14 acres; CT zoning; Located along US Highway 101 in Winchester Bay
