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    18215 West Union Rd Portland, OR 97229

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    For Sale
    $3,210,000

    Fully leased retail property with investment-grade tenant and growing clinic.

    Property size:
    4,175 SF
    Lot size:
    0.89 Acres

    Property Features for 18215 West Union Rd

    General Information

    Size
    4,175 SF
    Lot size
    0.89 Acres

    Source: Northmarq | Lake Oswego Agent Scott Frank

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

    Overview

    Leased Retail Property For Sale

    This 4,175 square-foot retail property is 100% leased to Starbucks, which has an investment-grade credit rating of BBB, and Evolve Physical Therapy, a growing Pacific Northwest clinic with two locations. Evolve Physical Therapy recently extended their lease term two years early. The property is located in Washington County, which is known for having lower taxes than Multnomah County. The surrounding area has high-density residential development, with 219,420 residents within a 5-mile radius. The area has above-average incomes of $182,000, which is approximately 49% above the Portland city average. The property has access off of West Union Road, a major thoroughfare, with two additional points of ingress. The submarket has extremely high barriers to entry due to the Urban Growth Boundary.
    Location Intelligence

    Current Use by Public Records

    Evolve Physical Therapy Physical Therapy Clinic Starbucks Internet Cafe

    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

    Starbucks, T4.Tea For, Starbucks

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.8649251
    Latitude
    45.5579712

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    FAQs

    What type of property is this?
    Coffee shop - Fully leased retail property with investment-grade tenant and growing clinic.
    Where is this coffee shop located?
    The property is located at 18215 West Union Rd Portland, OR.
    What is the asking price?
    The asking price for this property is $3,210,000.
    What are key features of this property?
    This property features: - 100% leased to Starbucks (BBB credit) and Evolve Physical Therapy.; - Evolve recently extended their lease term early.; - Above-average area incomes of $182k (49% above Portland average).
    (503) 952-0700
    Request Owner's contact information
    18215 West Union Rd Portland, OR 97229
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    Portland, OR 97229
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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
    18215 West Union Rd Portland, OR 97229
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