Equipped Coffee Shop
For Sale
$280,000
18365 NW West Union Rd #3-E, Portland, OR 97229
Operating food-and-beverage space includes a commercial kitchen, dine-in seating, and established take-out service.
Property Size1,152 SF
Price / SF$243.06
Days on Market237
Property Features for 18365 NW West Union Rd #3-E
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Commercial
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
Buildings
3
Listing Agency:
Oregon First
(503) 317-3522
Listed By:
Amy Liu · License #201239122
(503) 317-3522
Source:
Allprofessionalsre
Added: Jan 6
Changed: Aug 30
Last Checked: Aug 30 at 5:35PM
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.
This operating coffee shop and food business occupies 1,152 sqft within West Union Village Shopping Center in Portland. The premises provide 15 dine-in seats and a fully equipped commercial kitchen designed for beverage and food preparation, including an 8-ft Type 1 hood, walk-in cooler, freezer, and commercial dishwasher. The sale includes the business and equipment, with seller training available after closing.
The property was built in 2001 and benefits from the shopping center setting, which provides many parking spaces for customers and staff. The business serves boba tea drinks and food, with both dine-in and take-out service in place. Showings are available by appointment only, and the business should not be disturbed during operations.
The property was built in 2001 and benefits from the shopping center setting, which provides many parking spaces for customers and staff. The business serves boba tea drinks and food, with both dine-in and take-out service in place. Showings are available by appointment only, and the business should not be disturbed during operations.
Key Highlights
- 1,152 sqft coffee shop and food business
- 15 dine‑in seats with take‑out service
- 8‑ft Type 1 kitchen hood
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
$18,517
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
6.61%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
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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
Frequently Asked Questions
What type of property is this?
Coffee shop - Operating food-and-beverage space includes a commercial kitchen, dine-in seating, and established take-out service.
Where is this coffee shop 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 sqft coffee shop and food business; 15 dine‑in seats with take‑out service; 8‑ft Type 1 kitchen hood
