Fenced Bar & Pub
For Sale
$940,000
770 S BERTELSEN Rd, Eugene, OR 97402
CommercialSale, Eugene, OR
Property Size2,750 SF
Lot Size0.56 Acres
Price / SF$341.82
Days on Market307
Property Features for 770 S BERTELSEN Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I-2
Directions
HWY 126 (W. 11th Ave), North on South Bertelsen to 770.
Subdivision
_246
Standard status
Active
APN
0463065
Size
2,750 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Description
17-04-34-00-00802
Tax Annual Amount
5510
Legal Description
17-04-34-00-00802
Utilities
Heating system
Heat Pump (Heating), Forced Air
Cooling system
Heat Pump
Amenities
Fully fenced outdoor area
Building Details
Year built
1960
Floors in Building
1
Building materials
T111Siding, WoodFrame, WoodSiding
Roof type
Flat
Listing Agency:
RE/MAX Integrity · RE/MAX International
(541) 345-8100
Listed By:
David Smid · License #200404377
(541) 517-3266
Added: Oct 23, 2025
Changed: Aug 25
Last Checked: Aug 25 at 9:06AM
MLS# 112889576
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 Eugene property consists of a 2,750-square-foot bar and restaurant building offered as real estate only. The improvements include a fully fenced outdoor area and on-site parking. A billboard sign provides an additional income component associated with the property.
Located at 770 S Bertelsen Rd in Eugene, Oregon, the property carries I-2 zoning. The building dates to 1960 and features wood-frame construction with wood siding and T1-11 siding. Heating is provided by a heat pump and forced-air system, with heat-pump cooling. The structure has a flat roof.
Located at 770 S Bertelsen Rd in Eugene, Oregon, the property carries I-2 zoning. The building dates to 1960 and features wood-frame construction with wood siding and T1-11 siding. Heating is provided by a heat pump and forced-air system, with heat-pump cooling. The structure has a flat roof.
Key Highlights
- 2,750 square feet of bar and restaurant building space
- Fully fenced outdoor area
- On‑site parking
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
$45,379
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
4.83%
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%
$907,580
$907.6K
Cap Rate 7%
$648,271
$648.3K
Cap Rate 9%
$504,211
$504.2K
Market Conditions
NOI Build-Up for 2,750 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
$62.7K $22.80/SF
− Vacancy
−$2.2K −$0.80/SF
EGI
$60.5K $22.00/SF
− OpEx
−$15.1K −$5.50/SF
NOI
$45.4K $16.50/SF
Area
Eugene, OR
Vacancy
3.50%
Lease Rate
$22.80 /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%
$907,580
Cap Rate 7%
$648,271
Cap Rate 9%
$504,211
Alternative Uses
Best Use
Specialty Retail
$648.3K
$567.2K – $756.3K
NOI $45,379 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$829.7K
$726.0K – $968.0K
NOI $58,080 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
53k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 20%
Electronics 7%
Home Improvements & Furnishings 4%
Dari Mart
Shops & Services
11,465 visits/mo
0.3 miles
76
Shops & Services
7,867 visits/mo
0.5 miles
Arby's
Dining
7,356 visits/mo
0.5 miles
7-Eleven
Shops & Services
6,628 visits/mo
0.3 miles
Discount Tire Store
Shops & Services
6,122 visits/mo
0.3 miles
Demographics for 97402, OR
56,610
Population
23,882
Households
2.4
Avg Household Size
38
Median Age
26%
College-Educated
91%
High-School Grad
68.6 sq mi
ZIP Area
825
Density / Sq Mi
$55,743
Median Household Income
$35,728
Median Earnings
$1,287
Median Rent
$330,000
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
- Jimmy Mac's Inc — 770 s bertelsen rd, eugene, or 97402
- Starbucks — 4575 W 11th Ave, Eugene, OR 97402
- Noble Estate Winery — 560 Commercial St Unit F, Eugene, OR 97402
- Jimmy Mac's Overtime Tavern — 770 S Bertelsen Rd, Eugene, OR 97402
- Fireside Distillers — 4065 W 11th Ave Ste 47, Eugene, OR 97402
Frequently Asked Questions
What type of property is this?
Bar & Pub - Bar and pub property with a secured outdoor area, parking, and billboard income potential.
Where is this bar & pub located?
The property is located at 770 S BERTELSEN Rd Eugene, OR.
What is the asking price?
The asking price for this property is $940,000.
What are key features of this property?
This property features: 2,750 square feet of bar and restaurant building space; Fully fenced outdoor area; On‑site parking
