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Property profile & analytics
OFF-MARKET Estimated value $745,000
Retail space

5700 Foster Rd Portland, OR 97206-3866

3,167 SF 0.07 ac lot Built 1949
Individually Owned 11-yr Hold ~ Est. High Equity
Property ID
US71-0328787
Property summary
AI-generated overview

This exceptional 3,167 square foot mixed-use building, located at 5700 SE Foster Road in Portland, Oregon, presents a unique investment opportunity. Built in 1949 and extensively renovated in 2020, this single-story structure sits on a 3,180 square foot lot and boasts a 100% occupancy rate since June 1st, 2023. The property features a striking exterior with elegant cedar siding and expansive windows, maximizing visibility for any business. Inside, 12-foot ceilings create a bright, open atmosphere. The layout includes a spacious showroom and a separate backroom area, perfect for storage or additional operations. A convenient grade-level loading zone ensures efficient logistics. Recent upgrades include new back doors, windows, and a modern security system. Zoned CE MUC, this versatile space is ideal for a variety of uses, including retail, office, or creative studios. The high-traffic location on SE Foster Road, combined with ample on-street parking, provides excellent exposure and accessibility. The asking price is $825,000, translating to $260.50 per square foot. This owner-occupied property offers a compelling blend of prime location, modern updates, and flexible zoning, making it an attractive investment for discerning buyers. The property's strong performance and versatile nature make it a truly exceptional opportunity in the vibrant Portland market.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1949
Total area 3,167 SF
Lot 0.07 ac (3,180 SF)
Zoning code CG
APN 1S2E07DD 17000
UPID US71-0328787
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Artistic Taxidermy Studio Taxidermist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$746k
Blend (final) Blend
$745k
Owner & transaction history
Garret E Heying · 11 yrs held
Garret E Heying
since 2014
6 recorded transactions
2019
Price N/A
2014
Price N/A
2009
$272,000
2008
Price N/A
1989
$75,000
1969
Price N/A
Zoning & alternative use
CG · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $965,000 +6.6%
Medical building $955,000 +5.4%
Office building $915,000 +0.9%
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