Leased Restaurant and
For Sale
$1,000,000
920 Front, Leavenworth, WA 98826
Restaurant and bar space with a designed interior layout, large outdoor patio seating, and panoramic mountain views.
Property Size5,100 SF
Price / SF$196.08
Days on Market99
Property Features for 920 Front
General Information
Standard status
Active
Size
5,100 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Listing Agency:
Mike West Leavenworth Realty
Listed By:
Cameron M West
(425) 455-2065
Source:
Skylineproperties
Added: May 20
Changed: Aug 25
Last Checked: Aug 25 at 8:47AM
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 Mike West Leavenworth Realty
Investment Insights
Based on property information with market context.
For sale: a leased restaurant and bar operation with a thoughtfully designed layout within a 5,100-square-foot space. The premises includes dining and bar accommodations and features large outdoor patio seating for guest use.
Located in downtown Leavenworth at 920 Front, the property offers panoramic mountain views and is positioned in a high-visibility, tourist-oriented setting.
This is presented as a turnkey opportunity for an experienced operator, with the existing restaurant and bar setup in place for continued operation.
Located in downtown Leavenworth at 920 Front, the property offers panoramic mountain views and is positioned in a high-visibility, tourist-oriented setting.
This is presented as a turnkey opportunity for an experienced operator, with the existing restaurant and bar setup in place for continued operation.
Key Highlights
- 5,100 SF leased restaurant and bar premises with a designed interior layout
- Large outdoor patio seating for guest dining
- Panoramic mountain views
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
$79,150
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
7.92%
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%
$1,583,000
$1.6M
Cap Rate 7%
$1,130,714
$1.1M
Cap Rate 9%
$879,444
$879.4K
Market Conditions
NOI Build-Up for 5,100 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
$110.2K $21.60/SF
− Vacancy
−$4.6K −$0.91/SF
EGI
$105.5K $20.69/SF
− OpEx
−$26.4K −$5.17/SF
NOI
$79.1K $15.52/SF
Area
Chelan County, WA
Vacancy
4.20%
Lease Rate
$21.60 /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%
$1,583,000
Cap Rate 7%
$1,130,714
Cap Rate 9%
$879,444
Alternative Uses
Best Use
Specialty Retail
$1.13M
$989.4K – $1.32M
NOI $79,150 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,636 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98826, WA
7,280
Population
5,868
Households
1.2
Avg Household Size
49
Median Age
44%
College-Educated
95%
High-School Grad
1,015.6 sq mi
ZIP Area
7
Density / Sq Mi
$85,594
Median Household Income
$46,935
Median Earnings
$1,122
Median Rent
$639,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant and bar space with a designed interior layout, large outdoor patio seating, and panoramic mountain views.
Where is this conventional restaurant located?
The property is located at 920 Front Leavenworth, WA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 5,100 SF leased restaurant and bar premises with a designed interior layout; Large outdoor patio seating for guest dining; Panoramic mountain views
