Established Restaurant with Strong
18365 NW WEST UNION #3-E Portland, OR 97229
18365 NW WEST UNION #3-E, Portland, OR, 97229
$280,000
For Sale
$280,000
Restaurant with equipment in West Union Village Shopping Center.
Property Size1,152 SF
Lot Size1.12 Acres
Price / SF$243.06
Days on Market194
Property Features for 18365 NW WEST UNION #3-E
General Information
- Standard status
- Active
- Size
- 1,152 SF
- Lot size
- 1.12 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 2001
Listing Agency
OREGON FIRST
(503) 667-5686
Listed by
AMY LIU · License #201239122
Source
Corcoran
Added: Jan 7 Updated: Jul 10 at 12:57 pm Checked: Jul 20 at 3:58 am
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
Investment Insights
Based on property information with market context.
The restaurant, T-4 TEA FOR Restaurant, is situated in the West Union Village Shopping Center, which offers ample parking. The space measures 1,152 square feet and includes 15 dine-in seats, with a strong emphasis on takeout business. The restaurant offers boba tea drinks and food. The fully equipped kitchen features an 8-foot Type 1 kitchen hood, a walk-in cooler, a freezer, and a commercial dishwasher. The sale includes the business and equipment. Seller training is available after closing.
Key Highlights
- Established restaurant with strong take‑out business.
- Fully equipped kitchen featuring an 8‑ft hood, walk‑in cooler, freezer, and commercial dishwasher.
- Located in West Union Village Shopping Center with ample parking.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.3k | $22.80 |
| − Vacancy | −$1.6k | −$1.37 |
| EGI | $24.7k | $21.43 |
| − OpEx | −$6.2k | −$5.36 |
| NOI | $18.5k | $16.07 |
1,152 SF · lease $22.80/SF/yr · vacancy 6.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Subway
Take-out & Catering
T4.Tea For
Cafe & Coffee Shop
McBee’s Shakes Crêpes ...
Grocery & Convenience Store
Degarios Italian Ristorante
Restaurant
West Union Barber
Barber Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Starbucks — 18425 NW West Union Rd, Portland, OR 97229
- T4.Tea For — 18365 NW West Union Rd, Portland, OR 97229
- Starbucks — 18215 NW West Union Rd, Portland, OR 97229
FAQs
What type of property is this?
Coffee shop - Restaurant with equipment in West Union Village Shopping Center.
Where is this coffee shop located?
The property is located at 18365 NW WEST UNION #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: Established restaurant with strong take‑out business.; Fully equipped kitchen featuring an 8‑ft hood, walk‑in cooler, freezer, and commercial dishwasher.; Located in West Union Village Shopping Center with ample parking.
