Freestanding Restaurant Building with
For Sale
$2,000,000
17110 SE Powell Blvd, Portland, OR 97236
Commercial restaurant with equipment, parking, and established clientele.
Property Size5,640 SF
Price / SF$354.61
Days on Market229
Property Features for 17110 SE Powell Blvd
General Information
Standard status
Active
Size
5,640 SF
Building Details
Year Built
1985
Listing Agency:
MORE Realty
Listed By:
Simon Wong · License #199910117
(503) 353-6673
Source:
Kingdomreal
Added: Mar 5
Changed: Oct 18
Last Checked: Oct 19 at 11:42AM
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 MORE Realty
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 is a freestanding commercial restaurant building with full equipment and ample on-site parking. It is located in a local plaza on SE Powell Blvd, at the borderline of SE Portland and Gresham. The restaurant has approximately 165 seats in the dining and banquet rooms, plus 65 seats in the bar lounge. The bar area includes 6 poker machines and a designated covered smoking area. Established 37 years ago, the restaurant has a stable clientele. The property size is 5640 square feet. Additional incomes are generated from a Juke Box by a vendor and an ATM owned by the sellers, in addition to 6 lottery machines. The property is intended for use as a conventional restaurant or other restaurant business.
Key Highlights
- Freestanding commercial restaurant building with full equipment and ample on‑site parking.
- Established business of 37 years with stable clientele.
- High seating capacity: 165 in dining/banquet rooms + 65 in bar/lounge.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,937
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,518,740
$1.5M
Cap Rate 7%
$1,084,814
$1.1M
Cap Rate 9%
$843,744
$843.7K
Market Conditions
NOI Build-Up for 5,640 SF
Gross rent
$108.3K $19.20/SF
− Vacancy
−$7.0K −$1.25/SF
EGI
$101.2K $17.95/SF
− OpEx
−$25.3K −$4.49/SF
NOI
$75.9K $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%
$1,518,740
Cap Rate 7%
$1,084,814
Cap Rate 9%
$843,744
Alternative Uses
Best Use
Specialty Retail
$1.08M
$949.2K – $1.27M
NOI $75,937 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.58M
$1.39M – $1.85M
NOI $110,870 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 44%
Beauty & Spa 5%
7-Eleven
Shops & Services
12,517 visits/mo
0.1 miles
Burger King
Dining
6,304 visits/mo
0.1 miles
SUBWAY
Dining
2,657 visits/mo
0.5 miles
Wingstop
Dining
1,744 visits/mo
0.5 miles
Great Clips
Beauty & Spa
1,325 visits/mo
0.5 miles
Demographics for 97236, OR
40,193
Population
13,736
Households
2.9
Avg Household Size
36
Median Age
21%
College-Educated
81%
High-School Grad
7.7 sq mi
ZIP Area
5,220
Density / Sq Mi
$68,582
Median Household Income
$38,131
Median Earnings
$1,436
Median Rent
$414,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Portland, OR
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial restaurant with equipment, parking, and established clientele.
Where is this conventional restaurant located?
The property is located at 17110 SE Powell 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: Freestanding commercial restaurant building with full equipment and ample on‑site parking.; Established business of 37 years with stable clientele.; High seating capacity: 165 in dining/banquet rooms + 65 in bar/lounge.
