Historic Masonry Bar
For Sale
Contact for pricing
995 Marine Dr, Astoria, OR 97103
Currently operating bar property in Astoria’s waterfront commercial corridor.
Property Size4,577 SF
Price / SF$240.33
Days on Market10
Property Features for 995 Marine Dr
General Information
Standard status
Active
Size
4,577 SF
Property subtype
RETAIL
Additional Details
Asking Price
$1,100,000
Building Details
Year Built
1922
Construction
masonry
Listing Agency:
SVN Imbrie Realty
(503) 208-9396
Listed By:
Carl Grending · License ##19063
(503) 208-9396
Source:
Moodyscre
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 9 at 9:46AM
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 SVN Imbrie Realty
Investment Insights
Based on property information with market context.
This operating bar property occupies a 4,577-square-foot masonry building constructed in 1922. The premises have functioned continuously as a bar and tavern for over 100 years and remain in operation today.
Located at 995 Marine Drive in Astoria, Oregon, the building is positioned within the city’s waterfront commercial corridor. The property combines an established bar use with a long operating history in a historic masonry structure.
Located at 995 Marine Drive in Astoria, Oregon, the building is positioned within the city’s waterfront commercial corridor. The property combines an established bar use with a long operating history in a historic masonry structure.
Key Highlights
- 4,577‑square‑foot masonry building
- Constructed in 1922
- Continuous bar and tavern operation for over 100 years
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
$67,845
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
6.17%
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%
$1,356,900
$1.4M
Cap Rate 7%
$969,214
$969.2K
Cap Rate 9%
$753,833
$753.8K
Market Conditions
NOI Build-Up for 4,577 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
$100.5K $21.96/SF
− Vacancy
−$10.1K −$2.20/SF
EGI
$90.5K $19.76/SF
− OpEx
−$22.6K −$4.94/SF
NOI
$67.8K $14.82/SF
Area
Clatsop County, OR
Vacancy
10.00%
Lease Rate
$21.96 /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%
$1,356,900
Cap Rate 7%
$969,214
Cap Rate 9%
$753,833
Alternative Uses
Best Use
Specialty Retail
$969.2K
$848.1K – $1.13M
NOI $67,845 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,151 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
62k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 58%
Shops & Services 42%
McDonald's
Dining
19,335 visits/mo
0.2 miles
Burger King
Dining
10,352 visits/mo
0.4 miles
Mobil
Shops & Services
7,418 visits/mo
0.4 miles
Chevron
Shops & Services
6,810 visits/mo
0.3 miles
U.S. Bank
Shops & Services
3,913 visits/mo
0.2 miles
Demographics for 97103, OR
18,080
Population
8,007
Households
2.3
Avg Household Size
44
Median Age
25%
College-Educated
93%
High-School Grad
163.3 sq mi
ZIP Area
111
Density / Sq Mi
$75,080
Median Household Income
$41,222
Median Earnings
$1,156
Median Rent
$437,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Blaylock's Whiskey Bar — 433 13th St, Astoria, OR 97103
- Pilot House Distilling — 1270 Duane St, Astoria, OR 97103
- Yakimon Izakaya — 1239 Duane St, Astoria, OR 97103
- Reach Break Brewing — 1343 Duane St, Astoria, OR 97103
- Bridge & Tunnel Bottleshop & Taproom — 1390 Duane St, Astoria, OR 97103
Frequently Asked Questions
What type of property is this?
Bar & Pub - Currently operating bar property in Astoria’s waterfront commercial corridor.
Where is this bar & pub located?
The property is located at 995 Marine Dr Astoria, OR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,577‑square‑foot masonry building; Constructed in 1922; Continuous bar and tavern operation for over 100 years
