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    29430 Ellensburg Ave Gold Beach, OR 97444
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    29430 Ellensburg Ave Gold Beach, OR 97444

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    • Turn key restaurants
    • 4,172 SF
    • 0.45 lot acres
    For Sale
    $1,100,000
    View Listing →
    Highway 101 Commercial Building For Sale
    $1,100,000
    5,000 SF

    Highway 101 Commercial Building

    Commercial building with restaurant and vacation rental, ocean views.

    29430 Ellensburg Ave, Gold Beach, OR 97444
    View Listing
    Property ID
    US71-1577416
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Spinner's / Restaurant

    Property Details for 29430 Ellensburg Ave

    Year built
    1977
    Lot size
    0.45 lot acres
    Property size
    4,172 SF
    Zone code
    4C
    Property type
    Turn key restaurants
    APN
    3715-01AC-00200
    APU
    371501AC00200

    Description

    This exceptional Gold Beach, Oregon property offers a unique investment opportunity combining a thriving restaurant and a vacation rental. The 5,020 square foot, two-story building sits on a 0.45-acre lot with 34 on-site parking spaces and additional leased parking nearby. The ground floor houses a well-established restaurant with seating for up to 150 guests, boasting multi-tiered seating and stunning ocean views. Upstairs, a renovated two-bedroom, one-bathroom vacation rental provides supplemental income and potential for personal use. Built in 1977, this property features a 4C permitted zoning designation. Located on Highway 101, it benefits from high visibility and easy access. The asking price is $1,200,000, with a price per square foot of $239.04. Owner financing may be available with a $500,000 down payment. This multi-tenancy, gross lease property presents a compelling combination of established income streams and significant growth potential in a desirable coastal location. The property includes one building with two stories. The APN is R17720.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gold Beach
    County
    Curry
    State
    Oregon
    Longitude
    -124.422
    Latitude
    42.4064
    CBSA code
    15060
    CBSA name
    BROOKINGS, OR 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
    $6,770
    $0.00
    $0.00
    $591,850
    -
    $229,860
    $561,600
    $791,460

    Comparable in this City

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      3,262 SF

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    • Value Estimation by Request
      4,632 SF

      34161 Ophir Rd, Unit B8

      RESTAURANT • 4,632 SF
      34161 Ophir Rd, Gold Beach, OR 97444-8529
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    • Value Estimation by Request
      768 SF

      29471 Ellensburg Ave

      RESTAURANT • 768 SF
      29471 Ellensburg Ave, Gold Beach, OR 97444-7717
      View Details
    • Value Estimation by Request
      4,295 SF

      29374 Ellensburg Ave

      RESTAURANT • 4,295 SF
      29374 Ellensburg Ave, Gold Beach, OR 97444-7718
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    • Value Estimation by Request
      1,084 SF

      29805 Ellensburg Ave

      RESTAURANT • 1,084 SF
      29805 Ellensburg Ave, Gold Beach, OR 97444-7803
      View Details
    • Value Estimation by Request
      1,480 SF

      28773 Hunter Crk Loop

      BAR, TAVERN • 1,480 SF
      28773 Hunter Crk Loop, Gold Beach, OR 97444-9626
      View Details

    Similar Nearby for Sale

    • $1,100,000

      Highway 101 Commercial Building

      Commercial building with restaurant and vacation rental, ocean views.
      29430 Ellensburg Ave, Gold Beach, OR 97444
      View Details
    • $1,250,000
      10,599 SF

      Versatile Commercial Building on Main

      Expansive commercial building with highway frontage and adaptable floorplan.
      29670 Ellensburg Ave, Gold Beach, OR 97444
      View Details
    • $350,000
      9.92 Acres

      Coastal Acreage with Ocean Views

      Nearly 10-acre parcel with panoramic ocean views in GoldBeach, OR.
      Miller Ln, Gold Beach, OR 97444
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    • $625,000
      33.58 Acres

      33.58 Acres in GoldBeach, OR

      Two parcels with residential and industrial zoning and ocean views.
      Mill Stream Rd, Gold Beach, OR 97444
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    • $549,000
      7.28 Acres

      Secluded Land with Mountain Views

      7.28-acre property with utilities, creek, and mountain views.
      Cedar Valley Rd, Gold Beach, OR 97444
      View Details
    • $187,500
      1.00 Acre

      Oceanview Acre Ready to Build

      One-acre parcel with ocean views, ready for coastal retreat.
      Hillside Acres Rd, Gold Beach, OR 97444
      View Details
    View Listing
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    Gold Beach, OR 97444
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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.

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