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    4140 River Rd Keizer, OR 97303

    Sponsored
    For Sale
    $885,000

    Cash-flowing retail property, high traffic location.

    Property size:
    1,991 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 1,991 square foot, single-tenant retail property located at 4140 River Rd N, Keizer, OR 97303. The property, situated on a 0.49-acre lot, houses Sweet Home Thai Cuisine, a long-standing restaurant operating under a month-to-month triple net (NNN) lease. The building, constructed in 1977 and renovated in 1991, features three stories, including a full, unfinished basement. The property boasts 20 parking spaces and benefits from a high-traffic location on a main road with an average daily traffic count of 28,000 vehicles. The mixed-use (MU) zoning allows for flexibility in future development. The current NOI is $44,968, resulting in a 5.08% cap rate, with an asking price of $885,000. The property includes perimeter Douglas Fir trees, which the City of Keizer will allow removal, potentially generating additional revenue from timber harvesting. Note that a cell tower easement, recently sold separately, has a 35-year sunset clause, after which the property owner will receive monthly rent from Verizon Wireless. Seller-carried financing options are available. Please do not disturb the tenant.

    Property Features for 4140 River Rd

    General Information

    Property type
    Restaurants
    Square Feet
    1,991 SF
    Class
    C
    Lot Size
    21,344 SF

    Building Details

    Year Built
    1977
    Buildings
    1
    Stories
    3
    Units
    1

    HighLights

    • High‑traffic location.
    • Mixed‑use zoning allows for diverse tenant options.
    • Flexible lease terms available to accommodate various tenant needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Keizer
    County
    Marion
    State
    Oregon
    Longitude
    -123.02652329652
    Latitude
    44.985331570309

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    FAQs

    What type of property is this?
    Restaurant - Cash-flowing retail property, high traffic location.
    Where is this restaurant located?
    The property is located at 4140 River Rd Keizer, OR.
    What is the asking price?
    The asking price for this property is $885,000.
    What are key features of this property?
    This property features: High-traffic location.; Mixed-use zoning allows for diverse tenant options.; Flexible lease terms available to accommodate various tenant needs.
    Request Owner's contact information
    4140 River Rd Keizer, OR 97303
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    Realmo Value Estimation

    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.

    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.

    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
    4140 River Rd Keizer, OR 97303
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