Freestanding Restaurant
For Sale
$1,199,995
10711 NE HALSEY St, Portland, OR 97220
CommercialSale, Portland, OR
Property Size3,215 SF
Lot Size0.46 Acres
Price / SF$373.25
Days on Market114
Property Features for 10711 NE HALSEY St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CM2
Directions
NE Halsey St & NE 106th Ave
Subdivision
_142
Standard status
Active
APN
R318978
Size
3,215 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Description
SECTION 27 1N 2E, TL 11400 0.46 ACRES
Tax Annual Amount
15068
Legal Description
SECTION 27 1N 2E, TL 11400 0.46 ACRES
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1979
Floors in Building
1
Listing Agency:
LUXE Forbes Global Properties
(503) 389-2112
Listed By:
Vince Cortese
(503) 380-8570
Added: Jun 18
Last Checked: Oct 9 at 6:06PM
MLS# 694087806
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding restaurant property includes existing equipment and infrastructure for food-service operations, along with forced-air heating and central air conditioning. The single-tenant Class B building was constructed in 1979 and occupies a 0.46-acre site with 16 parking spaces. Its position at NE Halsey St and NE 106th Ave provides access from both streets and signage opportunities along each corridor.
The property is near I-205, I-84, Gateway Transit Center, and Kaiser Permanente Gateway Medical Office. CM2 zoning supports a range of commercial uses as well as medium-density residential development, creating flexibility for continued restaurant use or redevelopment.
The property is near I-205, I-84, Gateway Transit Center, and Kaiser Permanente Gateway Medical Office. CM2 zoning supports a range of commercial uses as well as medium-density residential development, creating flexibility for continued restaurant use or redevelopment.
Key Highlights
- 0.46‑acre site with a freestanding single‑tenant restaurant building
- 16 on‑site parking spaces
- Dual‑street access at NE Halsey St and NE 106th Ave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,287
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,740
$865.7K
Cap Rate 7%
$618,386
$618.4K
Cap Rate 9%
$480,967
$481.0K
Market Conditions
NOI Build-Up for 3,215 SF
Gross rent
$61.7K $19.20/SF
− Vacancy
−$4.0K −$1.25/SF
EGI
$57.7K $17.95/SF
− OpEx
−$14.4K −$4.49/SF
NOI
$43.3K $13.46/SF
Area
Portland, OR
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$865,740
Cap Rate 7%
$618,386
Cap Rate 9%
$480,967
Alternative Uses
Best Use
Specialty Retail
$618.4K
$541.1K – $721.5K
NOI $43,287 @ 7.0% cap · market cap 3.61%
Second Best
Retail
$535.3K
$468.4K – $624.5K
NOI $37,471 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$902.9K
$790.0K – $1.05M
NOI $63,200 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing restaurant equipment, building systems, and dual-street access support continued food-service use or commercial redevelopment.
Where is this conventional restaurant located?
The property is located at 10711 NE HALSEY St Portland, OR.
What is the asking price?
The asking price for this property is $1,199,995.
What are key features of this property?
This property features: 0.46‑acre site with a freestanding single‑tenant restaurant building; 16 on‑site parking spaces; Dual‑street access at NE Halsey St and NE 106th Ave
