Freestanding Restaurant
For Sale
$2,000,000
17110 SE POWELL Blvd, Portland, OR 97236
CommercialSale, Portland, OR
Property Size5,640 SF
Lot Size0.62 Acres
Price / SF$354.61
Days on Market516
Property Features for 17110 SE POWELL Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CG
Directions
SE Powell & Meadowland Center (SE Powell & SE 171st Ave)
Subdivision
_143
Standard status
Active
APN
R281765
Size
5,640 SF
Lot size
0.62 Acres
Taxes and HOA fees
Tax Description
SUTTER HILL SUBDIVISION, LOT 8 EXC PT IN ST
Tax Annual Amount
20696
Legal Description
SUTTER HILL SUBDIVISION, LOT 8 EXC PT IN ST
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
covered smoking area
poker machines
juke box
ATM
lottery machines
Building Details
Year built
1985
Floors in Building
1
Roof type
Flat, Built-Up
Listing Agency:
MORE Realty
(503) 353-6673
Listed By:
Simon Wong · License #199910117
(503) 804-2480
Added: Apr 2, 2025
Changed: Aug 27
Last Checked: Aug 30 at 10:06AM
MLS# 565167286
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.
Investment Insights
Based on property information with market context.
This freestanding restaurant building contains 5,640 square feet on a 0.62-acre site and includes full equipment, dining and banquet rooms, a bar lounge, and a covered smoking area. The dining and banquet spaces provide about 165 seats, while the bar lounge accommodates 65. The property was built in 1985 and has a built-up flat roof, forced-air heating, and central air conditioning.
Located on SE Powell Blvd in Portland, the property sits in a local plaza near the Portland-Gresham boundary. The site is zoned CG and includes ample on-site parking. Additional physical and operational features include 6 poker machines, 6 lottery machines, a vendor-operated jukebox, and a seller-owned ATM. The jukebox and ATM provide additional income, while no equipment is leased.
Located on SE Powell Blvd in Portland, the property sits in a local plaza near the Portland-Gresham boundary. The site is zoned CG and includes ample on-site parking. Additional physical and operational features include 6 poker machines, 6 lottery machines, a vendor-operated jukebox, and a seller-owned ATM. The jukebox and ATM provide additional income, while no equipment is leased.
Key Highlights
- 5,640‑square‑foot freestanding restaurant building on a 0.62‑acre site
- About 165 seats in dining and banquet rooms, plus 65 seats in the bar lounge
- Full restaurant equipment included; no leased equipment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$75,937
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
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
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped restaurant with dining, banquet, and bar-lounge areas plus on-site parking.
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: 5,640‑square‑foot freestanding restaurant building on a 0.62‑acre site; About 165 seats in dining and banquet rooms, plus 65 seats in the bar lounge; Full restaurant equipment included; no leased equipment
