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    4937-4941 NE Fremont St Portland, OR 97213

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    For Sale
    Contact for pricing

    Newer investment retail condominium with stable tenants and strong rent.

    Property Features for 4937-4941 NE Fremont St

    General Information

    Zoning
    EG1

    Source: Dann Wonser Agent Dann Wonser

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

    Overview

    Beaumont Neighborhood Retail Condominium

    This newer investment retail condominium is located in the Beaumont neighborhood. The property operates at a 6.1% cap rate with stable tenants and demonstrates strong rent growth. All tenants are original, with over nine years of tenancy, and have either five, six, or seven years remaining on their lease terms. All tenants have 3% annual rent increases. All landlord responsibilities are handled by property management and the HOA, and all expenses, including property management, are pass-through. The neighborhood has a median income 62.5% above the city average, and a 6.5% projected population growth in the next five years. The HOA has healthy reserves. The rent roll, income, and cap rate are effective as of September 1, 2019.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.6115794
    Latitude
    45.5486339

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    FAQs

    What type of property is this?
    Strip mall - Newer investment retail condominium with stable tenants and strong rent.
    Where is this strip mall located?
    The property is located at 4937-4941 NE Fremont St Portland, OR.
    What are key features of this property?
    This property features: - 6.1% Cap rate with stable tenants and strong rent growth.; - All tenants are original (9+ years), recession-tested, and have long lease terms (5-7 years remaining).; - Located in a desirable NE Fremont neighborhood with high median income (62.5% above city average) and projected population growth (6.5% in 5 years).
    (503) 358-4704
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    4937-4941 NE Fremont St Portland, OR 97213
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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
    4937-4941 NE Fremont St Portland, OR 97213
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