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    11942 Sandy Blvd Portland, OR 97220

    Sponsored
    For Sale
    $4,600,000

    Boutique Hotel, 24 Suites, High ROI Potential

    Property size:
    5,058 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 24-suite boutique hotel, the Nordic Inn & Suites, presents a lucrative investment opportunity in Portland, Oregon. Located at 11942 NE Sandy Blvd, in Multnomah County, zip code 97220, this property boasts a prime location near Portland International Airport, Interstate 205, and Interstate 84, ensuring high occupancy rates driven largely by out-of-state travelers. The hotel features 5,058 square feet of well-maintained space on a 26,189 square foot lot, built in 1952 and zoned for Commercial Employment (CE). The property is in excellent condition, with zero deferred maintenance, showcasing above-market finishes, fixtures, and fittings. Beyond the 24 guest suites, a significant advantage is the inclusion of a spacious three-bedroom, two-bathroom manager's apartment, ideal for on-site staffing or management. The property's versatility is a key selling point

    Property Features for 11942 Sandy Blvd

    General Information

    Property type
    Hotels
    Square Feet
    5,058 SF

    Building Details

    Year Built
    1952

    HighLights

    • Zero deferred maintenance.
    • Excellent condition reflecting pride of ownership.
    • Above‑market finishes, fixtures, and fittings.
    • 24 guest suites.
    • Three‑bedroom, two‑bathroom manager's apartment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Nordic Inn and Suites Motel

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -122.5398168
    Latitude
    45.5572889

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    FAQs

    What type of property is this?
    Hotel - Boutique Hotel, 24 Suites, High ROI Potential
    Where is this hotel located?
    The property is located at 11942 Sandy Blvd Portland, OR.
    What is the asking price?
    The asking price for this property is $4,600,000.
    What are key features of this property?
    This property features: Zero deferred maintenance.; Excellent condition reflecting pride of ownership.; Above-market finishes, fixtures, and fittings.
    Request Owner's contact information
    11942 Sandy Blvd 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
    11942 Sandy Blvd Portland, OR 97220
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