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    35280 Brooten Rd Cloverdale, OR 97135

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    Oregon Coast Hotel, Restaurant, & Land

    Property size:
    9,863 SF

    Property Features for 35280 Brooten Rd

    General Information

    Property type
    Restaurants
    Square Feet
    9,863 SF

    Building Details

    Year Built
    1971

    We can help!

    Listing Contact
    Brodie Becksted
    Brodie Becksted

    Listing Agency: Equity Plus Real Estate Listing Agent: Brodie Becksted

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional investment opportunity presents a unique blend of hospitality and commercial real estate in the desirable Pacific City, Oregon. The property, located at 35280 Brooten Road, boasts a substantial 9,863 square feet building on a generous 38,332.8 square foot lot. Built in 1971, the property includes a 20-room inn, a bar and restaurant ready for revitalization, a convenient office with check-in counter, and a dedicated laundry area. A tranquil back patio offers ample seating, perfect for enjoying the Pacific City climate. The property's prime location places it within easy reach of local shopping, dining, and entertainment. Adding to its potential, a separate buildable tax lot on the southern portion of the property allows for expansion or the development of new projects. The asking price for this multifaceted property is $3,999,900. This coastal gem offers significant potential for growth and return on investment in a highly sought-after Oregon beach community. The property is zoned for commercial, restaurant, storefront, hotel, and bar uses, providing flexibility for future development and operations. The combination of existing income-generating assets and the potential for expansion makes this a truly compelling investment opportunity. The property's location in Pacific City, Oregon, offers unparalleled access to the stunning Oregon coastline and its many attractions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Building Supply Big Box & Wholesale Store Law Firm Auto Repair Shop Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Bar & Pub Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cloverdale
    County
    Tillamook
    State
    Oregon
    Longitude
    -123.9472688
    Latitude
    45.1905388

    Nearby Similar for Sale

    • $385,000
      1,840 SF

      Prime Commercial Retail Space Cloverdale

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      34395 Highway 101, Cloverdale, OR 97112
      View Details
    • $9,000,000
      8,755,560 SF

      Oceanfront Oregon Resort Land

      200 Acres, Stunning Views, Development Potential
      200 Acres Resort Dr, Cloverdale, OR 97135
      View Details

    FAQs

    What type of property is this?
    Restaurant - Oregon Coast Hotel, Restaurant, & Land
    Where is this restaurant located?
    The property is located at 35280 Brooten Rd Cloverdale, OR.
    What is the asking price?
    The asking price for this property is $3,999,900.
    What are key features of this property?
    This property features: 9,863 SF building on a 38,332.8 SF lot in Pacific City, OR.; 20-room inn, bar & restaurant, office, and laundry facilities.; Separate buildable tax lot allows for expansion.
    (541) 270-2484 Call to check price and availability
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    35280 Brooten Rd Cloverdale, OR 97135
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    Cloverdale, OR 97135
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    35280 Brooten Rd Cloverdale, OR 97135
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brodie Becksted
    Brodie Becksted
    Real Estate License ID: 200302191
    (541) 270-2484 (541) 265-8303 (541) 265-5455
    Learn more
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