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    4509-4511 SE Cesar E Chavez Blvd Portland, OR 97211

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    For Sale
    $2,000,000

    Retail property with existing revenue and proforma upside.

    Property size:
    3,760 SF
    Lot size:
    0.32 Acres

    Property Features for 4509-4511 SE Cesar E Chavez Blvd

    General Information

    Size
    3,760 SF
    Lot size
    0.32 Acres

    Source: Tradition Real Estate Partners Agent Rich Karlson

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

    Overview

    Retail Property with Upside Potential

    This retail property, constructed in 1958, offers 3,778 square feet of space on a 0.315-acre corner lot. Currently 50% occupied, the property generates an in-place revenue of $120,000 per year. Proforma revenue indicates a potential upside of $40,000, resulting in a proforma net operating income (NOI) of $144,000 and a proforma capitalization rate of 7.2%.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.623762
    Latitude
    45.556134

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    FAQs

    What type of property is this?
    Retail space - Retail property with existing revenue and proforma upside.
    Where is this retail space located?
    The property is located at 4509-4511 SE Cesar E Chavez Blvd Portland, OR.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: - Proforma Cap Rate of 7.2%; - Proforma NOI of $144,000; - **Proforma Revenue Upside of $40,000/year**
    (503) 877-4653
    Request Owner's contact information
    4509-4511 SE Cesar E Chavez Blvd Portland, OR 97211
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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
    4509-4511 SE Cesar E Chavez Blvd Portland, OR 97211
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