Multi-Building Restaurant
4331 NE KILLINGSWORTH Portland, OR 97218
4331 NE KILLINGSWORTH, Portland, OR, 97218
$2,100,000
For Sale
$2,100,000
Two separate restaurant buildings on individual tax lots offer income potential with long-term tenants in place.
Property Size6,520 SF
Price / SF$322.09
Days on Market89
Property Features for 4331 NE KILLINGSWORTH
General Information
- Standard status
- Active
- Size
- 6,520 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1971
Listing agency
MODERN REALTY
(971) 340-6636
Listed by
DAVID BROWNLEE · License #201241591
Source
Corcoran
Added: Apr 25 Updated: Jul 22 at 2:26AM Checked: Jul 22 at 2:26AM
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 MODERN REALTY
Investment Insights
Based on property information with market context.
This for-sale restaurant investment includes two separate buildings located on individual tax lots. The property is described as income producing and maintained with pride of ownership by both the owner and long-standing tenants.
The offering is positioned in the Cully Neighborhood. The remarks note a newly completed 84-unit PCC housing development next door, intended to support added visibility and foot traffic to the area.
The current setup is built around long-term tenant occupancy, providing stability for an investor looking to acquire a multi-building restaurant asset with established tenancy and immediate income.
The offering is positioned in the Cully Neighborhood. The remarks note a newly completed 84-unit PCC housing development next door, intended to support added visibility and foot traffic to the area.
The current setup is built around long-term tenant occupancy, providing stability for an investor looking to acquire a multi-building restaurant asset with established tenancy and immediate income.
Key Highlights
- Two separate restaurant buildings on individual tax lots
- Income‑producing property with long‑term tenants in place
- Year built: 1971
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $125.2k | $19.20 |
| − Vacancy | −$8.1k | −$1.25 |
| EGI | $117.0k | $17.95 |
| − OpEx | −$29.3k | −$4.49 |
| NOI | $87.8k | $13.46 |
6,520 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.25M
$1.10M – $1.46M
NOI $87,785 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.60M – $2.14M
NOI $128,168 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Teriyaki Bento
Restaurant
Sub Shop
Take-out & Catering
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Two separate restaurant buildings on individual tax lots offer income potential with long-term tenants in place.
Where is this conventional restaurant located?
The property is located at 4331 NE KILLINGSWORTH Portland, OR.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Two separate restaurant buildings on individual tax lots; Income‑producing property with long‑term tenants in place; Year built: 1971
