Technical
Financial
Distress signals
Property profile

0 Marine Dr Wheeler, OR 97147

OFF-MARKET
Retail properties & Spaces
9,624 SF 0.61 ac lot Built 1950
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional investment opportunity presents a rare chance to acquire a combined 9,624 square foot waterfront restaurant and duplex in Wheeler, Oregon. Located on Marine Dr, this property boasts stunning views of the Nehalem River and the Pacific Ocean. The asking price is $1,490,000, translating to $154.82 per square foot. The property includes two buildings, spanning two stories, built in 1950, and situated on a 0.61-acre lot. The permitted zoning is WRC. The main building is a restaurant with a full bar, bathroom, stage, and capacity for up to 210 guests. The kitchen is equipped with LP-fed appliances, grease interceptors, and suppression hoods. The duplex features a three-bedroom, two-bathroom upper unit with a wood stove and a studio lower unit with a fireplace

Property profile

Verified
Property type Retail properties & Spaces
Year built 1950
Total area 9,624 SF
Lot 0.61 ac (26,572 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Marine Dr Wheeler, OR 97147
Wheeler metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Marine Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message