Equipped Boba Tea
New
For Sale
$280,000
18365 NW West Union Rd #3-E, Portland, OR 97229
Located in West Union Village Shopping Center, the restaurant combines dine-in service with takeout.
Property Size1,152 SF
Price / SF$243.06
Days on Market4
Property Features for 18365 NW West Union Rd #3-E
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Commercial
Site & Location
Neighborhood
Forest Park
Restaurant
Seating Capacity
15
Hood Type
Type I
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$42,850
Building Details
Building Size
1,152 SF
Year Built
2001
Buildings
3
Listing Agency:
Oregon First
Listed By:
Amy Liu · License #201239122
(503) 317-3522
Source:
Duanejohnson
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 12:04PM
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 Oregon First
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Investment Insights
Based on property information with market context.
This 1,152-square-foot restaurant operates as T-4 TEA FOR and serves boba tea and food. The dining area has 15 seats, and the kitchen includes an 8-foot Type 1 hood, walk-in cooler, freezer, and commercial dishwasher.
The business is situated within West Union Village Shopping Center, which has many parking spaces. The sale includes the business and its equipment, and seller training is available after closing.
The business is situated within West Union Village Shopping Center, which has many parking spaces. The sale includes the business and its equipment, and seller training is available after closing.
Key Highlights
- 1,152‑square‑foot restaurant business
- 15 dine‑in seats, with takeout service
- Kitchen includes an 8‑foot Type 1 hood, walk‑in cooler, freezer, and commercial dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,517
Cap Rate
6.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,340
$370.3K
Cap Rate 7%
$264,529
$264.5K
Cap Rate 9%
$205,744
$205.7K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$26.3K $22.80/SF
− Vacancy
−$1.6K −$1.37/SF
EGI
$24.7K $21.43/SF
− OpEx
−$6.2K −$5.36/SF
NOI
$18.5K $16.07/SF
Area
ZIP 97229
Vacancy
6.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,340
Cap Rate 7%
$264,529
Cap Rate 9%
$205,744
Alternative Uses
Best Use
Specialty Retail
$264.5K
$231.5K – $308.6K
NOI $18,517 @ 7.0% cap · market cap 6.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$311.0K
$272.1K – $362.8K
NOI $21,767 @ 7.0% cap · market cap 7.77%
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
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
213
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97229, OR
73,602
Population
28,312
Households
2.6
Avg Household Size
38
Median Age
69%
College-Educated
98%
High-School Grad
19.7 sq mi
ZIP Area
3,736
Density / Sq Mi
$159,863
Median Household Income
$83,904
Median Earnings
$1,948
Median Rent
$728,800
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 - Located in West Union Village Shopping Center, the restaurant combines dine-in service with takeout.
Where is this conventional restaurant located?
The property is located at 18365 NW West Union Rd #3-E Portland, OR.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: 1,152‑square‑foot restaurant business; 15 dine‑in seats, with takeout service; Kitchen includes an 8‑foot Type 1 hood, walk‑in cooler, freezer, and commercial dishwasher
