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    3930 NE Sandy Blvd Portland, OR 97232

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    For Sale
    $4,920,000

    Fully leased retail property with long-term tenants and redevelopment potential.

    Property size:
    12,577 SF
    Lot size:
    0.60 Acres

    Property Features for 3930 NE Sandy Blvd

    General Information

    Size
    12,577 SF
    Lot size
    0.60 Acres

    Source: Northmarq Commercial, LLC Agent Kevin Adatto

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Leased Retail Near Trader

    This fully leased retail property is anchored by long-term tenants, including FedEx and Sally Beauty, with new leases to LensCrafters and Best Mind Therapy featuring rent growth. The property benefits from an affluent, dense trade area with over 27,000 residents within 1 mile, an average income exceeding $170,000, and an average home value over $640,000. It offers excellent access and visibility with frontage on two major roads with over 45,000 vehicles per day, and is located near I-84 and the Hollywood Transit Center. Rare on-site parking is available. The property is adjacent to a top-performing Trader Joe’s, which attracts approximately 1 million annual visits, driving daily foot traffic. Zoned for future mixed-use development, the property spans over 0.5 acres with CM2 zoning, making it ideal for long-term redevelopment. The property size is 12,577 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Venderia at Beulahland, The Venderia at The Zipper, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6225435
    Latitude
    45.5346571

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    FAQs

    What type of property is this?
    Shopping center - Fully leased retail property with long-term tenants and redevelopment potential.
    Where is this shopping center located?
    The property is located at 3930 NE Sandy Blvd Portland, OR.
    What is the asking price?
    The asking price for this property is $4,920,000.
    What are key features of this property?
    This property features: - Trader Joe’s Adjacent: Benefit from high foot traffic driven by the proximity to a top-performing Trader Joe’s.; - Affluent, Dense Trade Area: Located in an area with high average income and home values.; - Fully Leased NNN Retail: Anchored by long-term tenants with new leases and rent growth.
    (503) 998-6572
    Request Owner's contact information
    3930 NE Sandy Blvd Portland, OR 97232
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    Portland, OR 97232
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    Realmo Value Estimation

    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.

    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.

    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
    3930 NE Sandy Blvd Portland, OR 97232
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