Bar
For Sale
$1,100,000
3646 SE BELMONT ST, Portland, OR 97214
An existing bar and its equipment are in place within the building.
Property Size6,667 SF
Days on Market204
Property Features for 3646 SE BELMONT ST
General Information
Standard status
Active
Size
6,667 SF
Property subtype
Commercial
Site & Location
Neighborhood
Sunnyside
Taxes and HOA fees
Annual Taxes
$9,456
Building Details
Building Size
6,667 SF
Year Built
1905
Listing Agency:
World Wide Realty Inc
Listed By:
Bassel Ayoub
(503) 380-4369
Source:
Eleeterealestate
Added: Apr 3
Changed: Oct 19
Last Checked: Oct 21 at 4:11AM
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 World Wide Realty Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An existing bar occupies this building, with equipment in place. Constructed in 1905, the property is located at 3646 SE Belmont St in Portland, Oregon.
Key Highlights
- Existing bar within the building
- Equipment in place for bar use
- Built in 1905
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,764
Cap Rate
8.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,795,280
$1.8M
Cap Rate 7%
$1,282,343
$1.3M
Cap Rate 9%
$997,378
$997.4K
Market Conditions
NOI Build-Up for 6,667 SF
Gross rent
$128.0K $19.20/SF
− Vacancy
−$8.3K −$1.25/SF
EGI
$119.7K $17.95/SF
− OpEx
−$29.9K −$4.49/SF
NOI
$89.8K $13.46/SF
Area
Portland, OR
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,795,280
Cap Rate 7%
$1,282,343
Cap Rate 9%
$997,378
Alternative Uses
Best Use
Specialty Retail
$1.28M
$1.12M – $1.50M
NOI $89,764 @ 7.0% cap · market cap 8.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $131,058 @ 7.0% cap · market cap 11.91%
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
Location Intelligence
Trade Area within ½ mile
2,012
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97214, OR
28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
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
Similar Off Market Nearby
- 007 hookah lounge — 2524 SE Division St, Portland, OR 97202
- Imperial Bottle Shop & Taproom — 3090 SE Division St, Portland, OR 97202
- Bula Kava House — 3115 SE Division St, Portland, OR 97202
- The Richmond Bar — 3203 SE Division St, Portland, OR 97202
- THE END — 3532 SE Division St, Portland, OR 97202
Frequently Asked Questions
What type of property is this?
Bar & Pub - An existing bar and its equipment are in place within the building.
Where is this bar & pub located?
The property is located at 3646 SE BELMONT ST Portland, OR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Existing bar within the building; Equipment in place for bar use; Built in 1905
