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    1011 NE Alberta St Portland, OR 97217

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    For Sale
    $1,800,000

    Established vegan bar and restaurant in Alberta Arts District.

    Property size:
    2,760 SF
    Lot size:
    0.17 Acres

    Property Features for 1011 NE Alberta St

    General Information

    Size
    2,760 SF
    Lot size
    0.17 Acres

    Source: Fulcrum Pacific CRE Agent Olivia Franssen

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

    Overview

    Iconic Vegan Bar and Restaurant

    The property for sale is a fee simple ownership of a bar and restaurant located in Portland, Oregon. This vegan bar and restaurant has been a fixture in the Alberta Arts District since 2007. The property size is 2760 square feet. The tenant recently signed a new 10-year lease with four 5-year extension options, each with scheduled rent increases. The lease is NNN.
    Insight Report Location Intelligence

    Current Use by Public Records

    Bye and Bye Bar Street Level LLC Lawn Sprinkler System Contractor

    Suggested Use

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

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

    Similar Places Nearby

    AJ's Bar Cart, Maui's Bar on Williams, Happy Cup Coffee Bar, Back2Earth, DIY BAR

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6552944
    Latitude
    45.559293

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    FAQs

    What type of property is this?
    Bar - Established vegan bar and restaurant in Alberta Arts District.
    Where is this bar located?
    The property is located at 1011 NE Alberta St Portland, OR.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: - New 10-year NNN lease provides passive income.; - Iconic vegan bar and restaurant, a long-standing fixture in the Alberta Arts District since 2007.; - Tenant has four 5-year extension options, ensuring long-term stability.
    (503) 778-0362
    Request Owner's contact information
    1011 NE Alberta St Portland, OR 97217
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    Portland, OR 97217
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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
    1011 NE Alberta St Portland, OR 97217
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