Financial
Distress signals
Property profile

7409 N Interstate Ave Portland, OR 97217

FOR LEASE
Commercial real estate
Property ID
US71-0405682
1,440 SF 0.25 ac lot Built 1948
Last sale Aug 2024 · $600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This ±1,400 square foot retail space, located at 7409 N Interstate Ave in Portland, Oregon, presents a fantastic opportunity for a variety of businesses. The property is classified as both retail and restaurant space, and is currently configured as a single-tenant occupancy. Its ideal location in Multnomah County, zip code 97217, offers excellent visibility and accessibility. A key advantage is the availability of off-street parking, a rare find in this area. The space is suitable for a

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$6k
Tax billed · 2023
Assessed value$224k
Effective rate2.65%

Value estimate

· Sep 2026
$600k
$540k – $660k
AI approach$600k
Sales comparison$819k
NOI build-up
Gross scheduled income$29k
Vacancy & credit loss−$2k
Operating expenses−$8k
NOI · 92,310.00% cap applied$18k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$407/SF
ZIP average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$225 – $569
Qualifying comparables7

Cap rate analysis

How does the asset earn?
92,310.00%
$18k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CG
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm31.8
Realty agency20.8
HVAC Service14.4

Location

7409 N Interstate Ave Portland, OR 97217
County assessor Recorded deeds · 2 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2834 Lombard, Portland, OR 97217-6234 $387,000 Jan 2026 1,298 SF
3113 Lombard, Portland, OR 97217-1245 $410,000 Apr 2025 1,500 SF
3347 Lombard, Portland, OR 97217-1200 $1,435,000 Aug 2022 1,743 SF
8501 Kerby, Portland, OR 97217 $400,000 Aug 2020 1,280 SF
8115 Albina, Portland, OR 97217-1102 $650,000 Jun 2020 1,200 SF
1475 Killingsworth, Portland, OR 97217-4541 $974,339 Apr 2020 1,632 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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