Building Details

Year built 1947

Floors in Building 2

Building materials Concrete, FullBasement, WoodSiding

Roof type Composition

Buildings 1

Listing Agency: eXp Realty, LLC o***@exprealty.net Show Phone

Listed By: Jason Mendell · License #201219949 Show Phone

Added: Oct 26 Changed: Oct 27 Last Checked: Oct 29 at 7:06PM

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MLS# 213139318

Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 6,988-square-foot restaurant building occupies a 0.8-acre riverfront property in Troutdale. Its interior includes multiple dining areas, two bars, a commercial kitchen, and a walk-in cooler. Building features include a full basement, concrete and wood siding construction, forced-air heating, and central air conditioning. The building dates to 1947.

The property fronts the Sandy River and is situated on the Historic Columbia River Highway. Downtown Troutdale is nearby, with the Columbia River Gorge gateway also identified in the surrounding area.

Key Highlights

• 6,988‑square‑foot building on a 0.8‑acre parcel
• River Front location along the Sandy River
• Multiple dining areas, two bars, commercial kitchen, and walk‑in cooler

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$107,266

Cap Rate

7.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,145,320 $2.1M

Cap Rate 7%

$1,532,371 $1.5M

Cap Rate 9%

$1,191,844 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,988 SF

Gross rent

$153.5K $21.96/SF

− Vacancy

−$10.4K −$1.49/SF

EGI

$143.0K $20.47/SF

− OpEx

−$35.8K −$5.12/SF

NOI

$107.3K $15.35/SF

Area

Multnomah County, OR

Vacancy

6.80%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,145,320

Cap Rate 7%

$1,532,371

Cap Rate 9%

$1,191,844

Alternative Uses

Best Use

Specialty Retail

$1.53M

$1.34M – $1.79M (±1% cap)

NOI $107,266 @ 7.0% cap · market cap 7.40%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.89M

$1.65M – $2.20M (±1% cap)

NOI $132,036 @ 7.0% cap · market cap 9.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Conventional restaurants

Location Intelligence

Trade Area within ½ mile

73

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 97060, OR

21,792

Population

7,823

Households

2.8

Avg Household Size

38

Median Age

26%

College-Educated

86%

High-School Grad

17.5 sq mi

ZIP Area

1,245

Density / Sq Mi

$84,164

Median Household Income

$42,162

Median Earnings

$1,560

Median Rent

$425,700

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Similar For Sale Nearby

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New Multifamily Investment in Troutdale

125 - 163 SW Lancaster Ct, Troutdale, OR

$2,132,500

7,858 SF

View details

Single-Tenant Retail Building

201 West Historic Columbia River Highway, Troutdale, OR 97060

$2,395,000

16,865 SF

View details

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Multiple dining areas, two bars, a commercial kitchen, and a walk-in cooler support food-service use.

Where is this conventional restaurant located?

The property is located at 1325 E HIST COLUMBIA RIVER Hwy Troutdale, OR.

What is the asking price?

The asking price for this property is $1,450,000.

What are key features of this property?

This property features: 6,988‑square‑foot building on a 0.8‑acre parcel; River Front location along the Sandy River; Multiple dining areas, two bars, commercial kitchen, and walk‑in cooler