Building Details

Year built 1905

Floors in Building 1

Building materials CrawlSpace, T111Siding, WoodFrame

Roof type Composition

Listing Agency: World Wide Realty Inc W***@gmail.com Show Phone

Listed By: Bassel Ayoub Show Phone

Added: Apr 3 Changed: Oct 17 Last Checked: Oct 19 at 1:06AM

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MLS# 688106311

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Investment Insights

Based on property information with market context.

An existing bar occupies a 6,667-square-foot wood-frame building on a 0.15-acre parcel at 3646 SE Belmont St. Constructed in 1905, the property has a crawlspace, T1-11 siding, and a composition roof. Heat pump systems provide heating and cooling. The site is zoned R1.

Key Highlights

• Existing bar operation in a 6,667‑square‑foot building
• 0.15‑acre parcel at 3646 SE Belmont St, Portland, OR 97214
• Built in 1905; wood‑frame construction with crawlspace and T1‑11 siding

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

Is this asking price fair?

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 (±1% cap)

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 (±1% cap)

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

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Open Analytics

Current Use

Triple Nickel Pub Nightclub

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Law Firm (Bike/Boat/Book/etc) Store Food Market Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Retail in Portland, OR

4.6% 2019

5.6% 2020

5.2% 2021

4.2% 2022

4.4% 2023

4.7% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Bar & Pub - The property includes an existing bar operation in a wood-frame 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 operation in a 6,667‑square‑foot building; 0.15‑acre parcel at 3646 SE Belmont St, Portland, OR 97214; Built in 1905; wood‑frame construction with crawlspace and T1‑11 siding