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    8220 Davis St Portland, OR 97220

    Sponsored
    For Sale
    $895,000

    High-Yield Food Cart Pod, 15 Units

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 15-unit food cart pod located at 8220 NE Davis St, Portland, Oregon, 97220. Boasting 8,200 square feet of net rentable space, this thriving business is priced at $895,000 and offers a compelling 10.28% cap rate with a current NOI of $92,000. The property operates under a ground lease expiring June 1, 2036, providing long-term stability. This multi-tenant property is perfectly positioned to capitalize on the rapidly growing food cart industry in the Portland metro area. The current configuration serves as an ideal incubator model for the restaurant industry, offering a low barrier to entry for tenants. Significant upside potential exists through various avenues, including expense recapture, facility streamlining, repurposing underutilized space, and rent optimization. The property is fully compliant with Portland's updated food cart pod regulations, benefiting from the displacement of carts from non-compliant locations. Minimal owner involvement is required, with opportunities for growth through targeted marketing and sales initiatives. This is a turnkey investment ready for immediate returns and future expansion within a dynamic and expanding market. The property is situated in Multnomah County.

    Property Features for 8220 Davis St

    General Information

    Property type
    Investment properties

    Building Details

    Units
    15

    HighLights

    • $895,000 asking price for a multi‑tenant business opportunity.
    • 15‑unit food cart pod totaling 8,200 square feet of net rentable area in Portland, Oregon.
    • 10.28% cap rate with a $92,000 net operating income (NOI).
    • Located at 8220 NE Davis St, Portland, OR 97220, subject to a ground lease expiring June 1, 2036.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dahab Indian Kitchen Indian Restaurant Ricky's Sushi - Portland ... Japanese Restaurant Taqueria El Torito Mexican Restaurant Bai Yok Thai ... Thai Restaurant Little Bear Vietnamese ... Vietnamese Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.5788389
    Latitude
    45.5244331

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    FAQs

    What type of property is this?
    Investment property - High-Yield Food Cart Pod, 15 Units
    Where is this investment property located?
    The property is located at 8220 Davis St Portland, OR.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: $895,000 asking price for a multi-tenant business opportunity.; 15-unit food cart pod totaling 8,200 square feet of net rentable area in Portland, Oregon.; 10.28% cap rate with a $92,000 net operating income (NOI).
    Request Owner's contact information
    8220 Davis St Portland, OR 97220
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    Portland, OR 97220
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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
    8220 Davis St Portland, OR 97220
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