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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10902 Sandy Blvd Portland, OR 97220-2550

    • Turn key restaurants
    • 3,200 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Aug 25, 2022
    $850,000
    Value Estimations
    $735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0108465
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Pho Le Nguyen / Vietnamese Restaurant / Pho Restaurant
    • Catalina's / Restaurant

    Property Details for 10902 Sandy Blvd

    Year built
    1965
    Lot size
    0.20 lot acres
    Property size
    3,200 SF
    Zone code
    CGH
    Property type
    Turn key restaurants
    APN
    1N2E22BD 03200
    APU
    1N2E22BD03200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $745,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $708,000
      Market price range: $618k - $1.58M
      AI Estimate
      $708,000
      Market price range: $618k - $1.58M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,095,000
      Current use
      AUTO REPAIR, GARAGE
      $975,000
      Change: -11% Conversion: Difficult
      MEDICAL BUILDING
      $965,000
      Change: -12% Conversion: Difficult
      RETAIL STORES
      $960,000
      Change: -12% Conversion: Easy
      OFFICE BUILDING
      $925,000
      Change: -16% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.55
    Latitude
    45.5582
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,738
    $0.00
    $0.00
    $301,710
    -
    $489,060
    $310,310
    $799,370

    Comparable in this City

    • Value Estimation by Request
      2,432 SF

      10245 Halsey St

      RESTAURANT • 2,432 SF
      10245 Halsey St, Portland, OR 97220
      View Details
    • Value Estimation by Request
      1,800 SF

      8868 Sandy Blvd

      RESTAURANT • 1,800 SF
      8868 Sandy Blvd, Portland, OR 97220-4908
      View Details
    • Value Estimation by Request
      3,283 SF

      12026 Airport Way

      RESTAURANT • 3,283 SF
      12026 Airport Way, Portland, OR 97220-1080
      View Details
    • Value Estimation by Request
      2,750 SF

      1125 82nd Ave

      RESTAURANT • 2,750 SF
      1125 82nd Ave, Portland, OR 97220-5702
      View Details
    • Value Estimation by Request
      2,636 SF

      3511 82nd Ave

      RESTAURANT • 2,636 SF
      3511 82nd Ave, Portland, OR 97220-5119
      View Details
    • Value Estimation by Request
      3,000 SF

      3330 82nd Ave

      RESTAURANT • 3,000 SF
      3330 82nd Ave, Portland, OR 97220-5230
      View Details

    Similar Nearby for Sale

    • $773,300
      1,849 SF

      Portland Retail with Drive-Through

      NNN leased retail in dense residential Portland neighborhood.
      3103 82Nd Ave NE, Portland, OR 97220
      View Details
    • $1,695,000
      5,400 SF

      Retail Space with Drive Thru

      Second-generation retail space with drive-thru on a large lot.
      10735 NE Halsey St, Portland, OR 97220
      View Details
    • $3,950,000
      6,300 SF

      Net-Leased Restaurant in Prime Location

      Profitable net-leased restaurant with lease extended through 2031.
      930 SE Sandy Blvd, Portland, OR 97220
      View Details
    • Contact for pricing

      Equipped Food Processing Building

      Improved food processing building with freezer, cooler, hoods, parking.
      10527 NE Sandy Blvd, Portland, OR 97220
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    • $1,863,079
      8,910 SF

      Montavilla Commercial Property on Corner

      8,910 SF commercial property on corner of SE 82nd.
      610 SE 82Nd Ave, Portland, OR 97220
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    • Contact for pricing

      Retail Complex on NE 82nd Avenue

      Two-building retail complex with long-term tenants and dedicated parking.
      1015-1033 NE 82Nd Ave, Portland, OR 97220
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      1,013 SF

      Renovated Commercial Kitchens For Rent

      Two fully-equipped commercial kitchens with parking and loading areas.
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    • Contact for pricing
      14,219 SF

      Freestanding Building with Drive-Thru

      Prime corner location with excellent visibility and accessibility.
      10130 NE Sandy Blvd, Portland, OR 97220
      View Details
    • Contact for pricing
      1,860 SF

      Retail Space Near Portland Airport

      Retail space in a vibrant mixed-use development near PDX.
      10103-10131 NE Cascades Pkwy, Portland, OR 97220
      View Details
    • Contact for pricing
      13,090 SF

      Gateway Shopping Center: Portland Retail

      Portland retail space, multiple suites available.
      102nd Ave & Halsey St, Portland, OR 97220
      View Details
    • Contact for pricing
      14,219 SF

      Retail Space Near I-205

      Retail space with easy access to I-205 and bus lines.
      10625-10643 NE Sandy Blvd, Portland, OR 97220
      View Details
    • $20 SF/Yr
      1,508 SF

      Retail Space at Glisan Station

      Retail space available in a densely populated shopping center.
      12114 NE Glisan St, Portland, OR 97220
      View Details
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    10902 Sandy Blvd
    Portland, OR 97220-2550
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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