Turnkey Restaurant &
For Sale
$450,000
883 SW Church St, Dallas, OR 97338
Fully equipped restaurant and pub in a prime Dallas location.
Property Size2,500 SF
Price / SF$180
Days on Market279
Property Features for 883 SW Church St
General Information
Standard status
Active
Size
2,500 SF
Building Details
Year Built
1932
Listing Agency:
JMG - Jason Mitchell Group
Listed By:
Donald Clemons · License #201224779
(971) 533-2212
Source:
Oregonhomeshop
Added: Jan 26
Changed: Oct 25
Last Checked: Oct 30 at 6:51PM
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 JMG - Jason Mitchell Group
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Investment Insights
Based on property information with market context.
This is a fully equipped and operating restaurant and pub located at 883 SW Church St in Dallas, Oregon. Formerly Red Clover Public House, this established venue offers a warm, inviting atmosphere with a loyal customer base and excellent visibility. The property is situated in a high-traffic area with great visibility and easy access. It features a rustic and cozy pub-style ambiance with a spacious dining area. The full-service bar area is well-equipped with taps, refrigeration, and ample seating. The commercial-grade kitchen includes all essential appliances and prep space. An inviting patio provides additional dining space for seasonal events. Convenient on-site and street parking is available. This turnkey operation is ready for a new owner to take over and start serving immediately. The versatile space is ideal for a gastropub, family restaurant, or event venue. Growth opportunities include expanding catering services, hosting live entertainment, or refining the menu to boost revenue. This property is packed with potential.
Key Highlights
- Turnkey Restaurant & Pub: Fully equipped and operating, ready for immediate takeover.
- Prime Location: High‑traffic area with excellent visibility and easy access in Dallas, OR.
- Fully Equipped Kitchen: Commercial‑grade kitchen with all essential appliances and prep space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,560
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,200
$691.2K
Cap Rate 7%
$493,714
$493.7K
Cap Rate 9%
$384,000
$384.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$48.0K $19.20/SF
− Vacancy
−$1.9K −$0.77/SF
EGI
$46.1K $18.43/SF
− OpEx
−$11.5K −$4.61/SF
NOI
$34.6K $13.82/SF
Area
Polk County, OR
Vacancy
4.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$691,200
Cap Rate 7%
$493,714
Cap Rate 9%
$384,000
Alternative Uses
Best Use
Specialty Retail
$493.7K
$432.0K – $576.0K
NOI $34,560 @ 7.0% cap · market cap 7.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$663.8K
$580.8K – $774.4K
NOI $46,464 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
862
Businesses Nearby
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Business Placement
Demographics for 97338, OR
22,741
Population
9,109
Households
2.5
Avg Household Size
44
Median Age
25%
College-Educated
92%
High-School Grad
124.8 sq mi
ZIP Area
182
Density / Sq Mi
$73,345
Median Household Income
$37,359
Median Earnings
$1,197
Median Rent
$388,100
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Pub - Fully equipped restaurant and pub in a prime Dallas location.
Where is this pub located?
The property is located at 883 SW Church St Dallas, OR.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Turnkey Restaurant & Pub: Fully equipped and operating, ready for immediate takeover.; Prime Location: High‑traffic area with excellent visibility and easy access in Dallas, OR.; Fully Equipped Kitchen: Commercial‑grade kitchen with all essential appliances and prep space.
