Food Truck Ready Restaurant
For Sale
Contact for pricing
3137-3139 & 3211 NE 82nd Avenue, Portland, OR 97220
Fully leased NNN property with an equipped production kitchen, office/retail/storage building, and parking for roughly 25 spaces.
Property Size6,310 SF
Lot Size0.53 Acres
Price / SF$409.19
Days on Market1742
Property Features for 3137-3139 & 3211 NE 82nd Avenue
General Information
Standard status
Active
Size
6,310 SF
Total Parking Spaces
25
Lot size
0.53 Acres
Property subtype
Retail, Industrial
Zoning
CM2
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$208,002
Site & Location
Neighborhood
Roseway
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1951
Year Renovated
2018
Buildings
2
Units
6
Tenancy
Multi
Listing Agency:
North Rim Commercial Properties
Listed By:
Matt Schweitzer · License #940600121
(503) 381-3134
Source:
Crexi
Added: Jan 24, 2022
Changed: Oct 25
Last Checked: Nov 1 at 5:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of North Rim Commercial Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully leased NNN investment includes a two-suite office/retail/storage building and a single-tenant, equipped commercial production kitchen. The site is set up with utilities and dining space designed for three food trucks, supporting an on-site food and service layout.
The property is located on NE 82nd Avenue in Portland, near Leodis V. McDaniel High School. It sits on a 0.53-acre lot and offers approximately +/-25 parking spaces to serve the food truck and dining area.
With a combination of office/retail/storage suites and a dedicated production kitchen under one roofline, the configuration is suited for food operations that require both back-of-house production and adjacent workspace.
The property is located on NE 82nd Avenue in Portland, near Leodis V. McDaniel High School. It sits on a 0.53-acre lot and offers approximately +/-25 parking spaces to serve the food truck and dining area.
With a combination of office/retail/storage suites and a dedicated production kitchen under one roofline, the configuration is suited for food operations that require both back-of-house production and adjacent workspace.
Key Highlights
- Fully leased NNN commercial investment near NE 82nd Avenue
- Approximately 6,310 rentable SF across a 2‑suite office/retail/storage building plus a single‑tenant equipped production kitchen
- Single‑tenant commercial production kitchen included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,958
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,699,160
$1.7M
Cap Rate 7%
$1,213,686
$1.2M
Cap Rate 9%
$943,978
$944.0K
Market Conditions
NOI Build-Up for 6,310 SF
Gross rent
$121.2K $19.20/SF
− Vacancy
−$7.9K −$1.25/SF
EGI
$113.3K $17.95/SF
− OpEx
−$28.3K −$4.49/SF
NOI
$85.0K $13.46/SF
Area
Portland, OR
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,699,160
Cap Rate 7%
$1,213,686
Cap Rate 9%
$943,978
Alternative Uses
Best Use
Specialty Retail
$1.21M
$1.06M – $1.42M
NOI $84,958 @ 7.0% cap · market cap 3.29%
Second Best
Retail
$1.05M
$919.3K – $1.23M
NOI $73,543 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$1.77M
$1.55M – $2.07M
NOI $124,040 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Explore this area
Business Placement
Demographics for 97220, OR
29,357
Population
12,177
Households
2.4
Avg Household Size
39
Median Age
35%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
3,914
Density / Sq Mi
$68,976
Median Household Income
$41,696
Median Earnings
$1,412
Median Rent
$427,700
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
Frequently Asked Questions
What type of property is this?
NNN property - Fully leased NNN property with an equipped production kitchen, office/retail/storage building, and parking for roughly 25 spaces.
Where is this nnn property located?
The property is located at 3137-3139 & 3211 NE 82nd Avenue Portland, OR.
What is the asking price?
The asking price for this property is $2,582,000.
What are key features of this property?
This property features: Fully leased NNN commercial investment near NE 82nd Avenue; Approximately 6,310 rentable SF across a 2‑suite office/retail/storage building plus a single‑tenant equipped production kitchen; Single‑tenant commercial production kitchen included
