Conventional Restaurant with Equipped
For Sale
$280,000
18365 NW WEST UNION RD 3-E, Portland, OR 97229
Established food-and-beverage operation includes seating, takeout service, and specialized commercial kitchen equipment.
Property Size1,152 SF
Price / SF$243.06
Days on Market285
Property Features for 18365 NW WEST UNION RD 3-E
General Information
Standard status
Active
Size
1,152 SF
Property subtype
BusinessOpportunity
Restaurant
Seating Capacity
15
Hood Type
Type I
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$42,850
Building Details
Building Size
1,152 SF
Year Built
2001
Listing Agency:
Oregon First
Listed By:
Amy Liu · License #201239122
(503) 317-3522
Source:
Eleeterealestate
Added: Jan 6
Changed: Oct 12
Last Checked: Oct 16 at 4:43PM
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 conventional restaurant occupies 1,152 square feet within the West Union Village Shopping Center in Portland. The operation provides 15 dine-in seats and supports takeout service, with a menu centered on boba tea drinks and prepared food. The sale includes the business and equipment, offering an existing food-service setup rather than vacant restaurant space.
Kitchen improvements include an 8-foot Type 1 hood, walk-in cooler, freezer, and commercial dishwasher. Many parking spaces are available within the shopping center. Seller training is available after closing, and showings are arranged by appointment. The building was constructed in 2001.
Kitchen improvements include an 8-foot Type 1 hood, walk-in cooler, freezer, and commercial dishwasher. Many parking spaces are available within the shopping center. Seller training is available after closing, and showings are arranged by appointment. The building was constructed in 2001.
Key Highlights
- 1,152 SF restaurant in West Union Village Shopping Center
- 15 dine‑in seats with established takeout service
- Sale includes the business and equipment
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
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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 - Established food-and-beverage operation includes seating, takeout service, and specialized commercial kitchen equipment.
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 SF restaurant in West Union Village Shopping Center; 15 dine‑in seats with established takeout service; Sale includes the business and equipment
