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    Property profile & analytics

    76 Goodfellow St Ontario, OR 97914-3042

    • Turn key restaurants
    • 6,073 SF
    • 1.28 lot acres
    OFF-MARKET
    Last Sale
    Mar 10, 2025
    $986,500
    Value Estimations
    $990,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0984965
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Burger Den / Restaurant / Take-out & Catering

    Property Details for 76 Goodfellow St

    Year built
    1979
    Lot size
    1.28 lot acres
    Property size
    6,073 SF
    Zone code
    O-C2H
    Property type
    Turn key restaurants
    APN
    18S4702CC 1300
    APU
    18S4702CC1300

    Description

    This exceptional 1.23-acre parcel located at 76 Goodfellow Street in Ontario, Oregon, presents a unique investment opportunity. Currently vacant, this 5,985 square foot site is zoned for a variety of uses, including bank, quick-service restaurant (QSR), or full-service restaurant. The property benefits from a ground lease arrangement and is situated at a signalized intersection of Goodfellow and East Idaho Avenue, ensuring high visibility and accessibility. This strategic location places the property within close proximity to major retailers such as Home Depot, Walmart, Winco, and Walgreens, guaranteeing a strong customer base and significant foot traffic. The substantial lot size offers ample space for development or redevelopment, allowing for flexibility in design and functionality. This property is ideal for entrepreneurs seeking a high-traffic location to establish a new business or for investors looking for a prime development opportunity in a thriving retail corridor. The existing infrastructure and convenient location make this a truly exceptional opportunity to capitalize on the growing commercial market in Ontario, Oregon. The property's versatility and prime location make it an attractive proposition for a wide range of commercial ventures. Don't miss this chance to secure a prominent position in a bustling retail area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $995,000
      ML approach
      $1,045,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $684,000
      Market price range: $450k - $782k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ontario
    County
    Malheur
    State
    Oregon
    Longitude
    -116.943
    Latitude
    44.0256
    CBSA code
    36620
    CBSA name
    ONTARIO, OR-ID MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,763
    $308,582
    $655,128
    $963,710
    -
    $551,140
    $1,359,470
    $1,910,610

    Comparable in this City

    • Value Estimation by Request
      2,144 SF

      157 2nd St

      RESTAURANT • 2,144 SF
      157 2nd St, Ontario, OR 97914-2821
      View Details
    • Value Estimation by Request
      3,570 SF

      375 Oregon St

      RESTAURANT • 3,570 SF
      375 Oregon St, Ontario, OR 97914-2811
      View Details
    • Value Estimation by Request
      1,849 SF

      402 13th St

      RESTAURANT • 1,849 SF
      402 13th St, Ontario, OR 97914-3021
      View Details
    • Value Estimation by Request
      2,576 SF

      1275 4th Ave

      RESTAURANT • 2,576 SF
      1275 4th Ave, Ontario, OR 97914-4516
      View Details
    • Value Estimation by Request
      2,800 SF

      55 Goodfellow St

      RESTAURANT • 2,800 SF
      55 Goodfellow St, Ontario, OR 97914-3043
      View Details
    • Value Estimation by Request
      3,076 SF

      382 Idaho Ave

      RESTAURANT • 3,076 SF
      382 Idaho Ave, Ontario, OR 97914-2541
      View Details

    Similar Nearby for Sale

    • $1,000,000
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      Downtown Ontario Bar & Apartments

      High-return retail investment opportunity.
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    • $7,950,000

      Ontario Oregon Retail Investment Opportunity

      Fully leased retail property with expansion potential in Ontario, Oregon.
      1636 E Idaho Ave, Ontario, OR 97914
      View Details
    • Contact for pricing

      Ontario Retail Property For Sale

      Retail property available for purchase in Ontario, Oregon.
      1648 E Idaho Ave, Ontario, OR 97914
      View Details
    • $300,000
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      Ontario Industrial Land & Shop

      1.88 Acres, 800 sq ft shop, great location!
      1208 18Th Ave, Ontario, OR 97914
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    • $275,000
      0.48 Acres

      Ontario Commercial Land - Build Ready!

      Prime .48-acre lot, utilities available.
      410 Oregon St, Ontario, OR 97914
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    • $888,000
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      Ontario Farm Ground with Irrigation

      111 acres of farm ground with Warm Springs Irrigation.
      Railroad Ln, Ontario, OR 97914
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    Similar Nearby for Lease

    • $18 SF/Yr
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      Ontario Medical/Office Space

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    • $24,000
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      2000 Sq Ft office space for rent.
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      View Details
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    76 Goodfellow St
    Ontario, OR 97914-3042
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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
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