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    1804 Broadway Portland, OR 97232

    Sponsored
    For Sale
    $1,650,000

    High-return auto shop investment. Excellent tenant.

    Property size:
    5,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 5,000 square foot, Class A, single-tenant industrial property located at 1804 NE Broadway, Portland, Oregon 97232. The property, built in 1971 and extensively renovated in 2022, boasts a 15-foot ceiling height and ample parking (8 spaces) on a 0.21-acre lot. Currently occupied by Speedy Novus Glass, a credit-rated tenant with a long history (since 1994) at this location, the property is under a Net Lease (NNN) agreement with a remaining term of approximately 3.1 years (commencing January 1, 2023, and expiring December 31, 2027). The lease includes two five-year renewal options. The property generates a strong Net Operating Income (NOI) of $81,991, resulting in an attractive 4.97% capitalization rate. Recent improvements include a new warehouse heating system, electrical panel, elastomeric roof covering, roof drains and downspouts, overhead door, and exterior paint. The parking lot was also recently resealed and restriped. The property is zoned CS Storefront Commercial, offering potential for future development. This is a direct sale by owner, offering a rare chance to acquire a stable, high-performing asset in a desirable Portland location. The property is easily accessible and situated in a walkable neighborhood with high foot traffic and convenient public transportation. Please contact the owner directly to schedule a showing

    Property Features for 1804 Broadway

    General Information

    Property type
    Automotive properties
    Square Feet
    5,000 SF
    Class
    A
    Lot Size
    9,148 SF

    Building Details

    Year Built/Renovated
    1971/2022
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Owner‑direct sale of a commercial property currently leased to a AAA‑rated automotive glass repair tenant.
    • Five‑year lease renewal commenced January 1, 2023, with two additional five‑year options.
    • Long‑term, established tenant (20+ years) with strong brand recognition.
    • Favorable Triple Net (NNN) lease terms for the landlord.
    • Property possesses significant long‑term development potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Speedy Glass Auto Glass Shop

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6473622
    Latitude
    45.5347406

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    FAQs

    What type of property is this?
    Automotive property - High-return auto shop investment. Excellent tenant.
    Where is this automotive property located?
    The property is located at 1804 Broadway Portland, OR.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Owner-direct sale of a commercial property currently leased to a AAA-rated automotive glass repair tenant.; Five-year lease renewal commenced January 1, 2023, with two additional five-year options.; Long-term, established tenant (20+ years) with strong brand recognition.
    Request Owner's contact information
    1804 Broadway Portland, OR 97232
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    Portland, OR 97232
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1804 Broadway Portland, OR 97232
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