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Property profile & analytics
OFF-MARKET Estimated value $2,980,000
Office Spaces

10130 Sandy Blvd Portland, OR 97220

7,540 SF 0.97 ac lot Built 1968
Entity Owned 7-yr Hold Free & Clear
Property ID
US71-0595879
Property summary
AI-generated overview

This exceptional redevelopment opportunity presents a 7,540 square foot, vacant, two-story building situated on a 0.97-acre lot in Portland, Oregon. The property, built in 1970, is zoned CM2 and boasts a highly desirable drive-thru lane – a rare and valuable asset in Portland's competitive market. The former Bank of America location is ideally positioned at 10130 NE Sandy Blvd, 97220, offering excellent visibility and accessibility. Its strategic location near Interstate 205 and Portland International Airport (PDX) ensures high traffic volume and exposure to a diverse customer base. The property's size and existing infrastructure provide a solid foundation for a variety of redevelopment projects, catering to businesses that benefit from a drive-thru option, such as quick-service restaurants (QSR) or similar retail ventures. The asking price is $3,395,000, representing a compelling investment opportunity for those seeking to capitalize on Portland's thriving commercial real estate market. The property is offered fee simple. This is a unique chance to acquire a property with a rare drive-thru feature in a high-traffic area with excellent access to major transportation arteries.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1968
Total area 7,540 SF
Lot 0.97 ac (42,221 SF)
Zoning code CGH
APN 1N2E21AD 00100
UPID US71-0595879
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.98M
Blend (final) Blend
$2.98M
Owner & transaction history
Elk789 LLC · 7 yrs held
Elk789 LLC
since 2018
2 recorded transactions
2018
$1.0M
2016
$682,500
Zoning & alternative use
CGH · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.6M +26.8%
Auto repair, garage $2.3M +13.1%
Medical building $2.3M +11.8%
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