Turnkey Teriyaki
For Sale
$690,000
18810 SW Boones Ferry RD, Tualatin, OR 97062
Fully equipped teriyaki restaurant with professional kitchen equipment, indoor dining, and outdoor patio seating.
Property Size2,300 SF
Days on Market357
Property Features for 18810 SW Boones Ferry RD
General Information
Standard status
Active
Size
2,300 SF
Property subtype
BusinessOpportunity
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$3,850
Building Details
Building Size
2,300 SF
Listing Agency:
Realty First
Listed By:
Sam Kim
(503) 810-8949
Source:
Eleeterealestate
Added: Sep 26, 2025
Changed: Sep 15
Last Checked: Sep 15 at 11:33AM
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 Realty First
Investment Insights
Based on property information with market context.
Turnkey teriyaki restaurant built for busy service with a fully equipped commercial kitchen and a layout designed to support both dine-in and high-volume takeout. The kitchen includes professional-grade grills and griddles, multiple fryers, comprehensive prep stations, and a dedicated beverage preparation station. Cold storage features walk-in refrigerator and freezer units for high-volume operations.
The operation supports multiple service channels, including dine-in, takeout, and delivery, and it can accommodate catering for corporate events, weddings, and private functions. Indoor dining is set up with a combination of booth and table seating, complemented by outdoor patio seating for year-round operations. The business also maintains an established local presence with recurring customer relationships.
This concept is positioned to serve strong lunch traffic and consistent dinner service while capturing growing takeout and delivery demand, making it well-suited for an owner-operator or an experienced multi-unit operator seeking an operational restaurant kitchen on day one.
The operation supports multiple service channels, including dine-in, takeout, and delivery, and it can accommodate catering for corporate events, weddings, and private functions. Indoor dining is set up with a combination of booth and table seating, complemented by outdoor patio seating for year-round operations. The business also maintains an established local presence with recurring customer relationships.
This concept is positioned to serve strong lunch traffic and consistent dinner service while capturing growing takeout and delivery demand, making it well-suited for an owner-operator or an experienced multi-unit operator seeking an operational restaurant kitchen on day one.
Key Highlights
- Fully equipped commercial kitchen with grills, griddles, and multiple fryers
- Walk‑in refrigerator and freezer for high‑volume cold storage
- Comprehensive prep stations plus a dedicated beverage preparation station
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
$35,583
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
5.16%
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%
$711,660
$711.7K
Cap Rate 7%
$508,329
$508.3K
Cap Rate 9%
$395,367
$395.4K
Market Conditions
NOI Build-Up for 2,300 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
$49.7K $21.60/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$47.4K $20.63/SF
− OpEx
−$11.9K −$5.16/SF
NOI
$35.6K $15.47/SF
Area
Washington County, OR
Vacancy
4.50%
Lease Rate
$21.60 /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%
$711,660
Cap Rate 7%
$508,329
Cap Rate 9%
$395,367
Alternative Uses
Best Use
Specialty Retail
$508.3K
$444.8K – $593.1K
NOI $35,583 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$620.8K
$543.2K – $724.3K
NOI $43,458 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,796
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97062, OR
29,146
Population
11,659
Households
2.5
Avg Household Size
38
Median Age
46%
College-Educated
94%
High-School Grad
14.2 sq mi
ZIP Area
2,053
Density / Sq Mi
$106,987
Median Household Income
$51,753
Median Earnings
$1,721
Median Rent
$607,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped teriyaki restaurant with professional kitchen equipment, indoor dining, and outdoor patio seating.
Where is this conventional restaurant located?
The property is located at 18810 SW Boones Ferry RD Tualatin, OR.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Fully equipped commercial kitchen with grills, griddles, and multiple fryers; Walk‑in refrigerator and freezer for high‑volume cold storage; Comprehensive prep stations plus a dedicated beverage preparation station
