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    Property profile & analytics
    OFF-MARKET Estimated value $2,710,000
    Turn key restaurants

    1439 Halsey St, Portland, OR 97232-1475

    5,520 SF 0.3 ac lot Built 1997
    Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US71-0919968
    Property summary
    AI-generated overview

    This exceptional 5,523-square-foot commercial space, located in the vibrant Lloyd District of Portland, Oregon, presents a unique opportunity for a restaurant or retail business. The property boasts a prime corner location on NE Halsey Street, offering exceptional visibility and ample street frontage. The building features a striking brick exterior with bright awnings, plentiful windows, and exterior lighting, ensuring high visibility to potential customers. The space benefits from exclusive off-street parking, a significant advantage in this busy commercial area. Previously occupied by a full-service restaurant, the interior is fully built-out, offering significant square footage ideal for indoor dining or retail display. The large interior space allows for flexible layout options to suit various business needs. Abundant opportunities for signage further enhance the property's marketing potential. The Lloyd District is a bustling commercial hub, anchored by major venues such as the Oregon Convention Center and the Moda Center, which regularly host large events, guaranteeing high foot traffic and visibility. The property's proximity to the Lloyd Center Mall provides additional exposure to a large consumer base. This turnkey space is ready for immediate occupancy, offering a rare chance to establish a thriving business in a highly desirable location. The entire 5,523 square feet is currently vacant.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1997
    Total area 5,520 SF
    Lot 0.3 ac (13,269 SF)
    Zoning code CXD
    APN 1N1E26DC 15400
    UPID US71-0919968
    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
    $2.71M
    Blend (final) Blend
    $2.71M
    Owner & transaction history
    Apple Oregon LLC · 12 yrs held
    Apple Oregon LLC
    since 2014
    4 recorded transactions
    2014
    2012
    2003
    1969
    Zoning & alternative use
    CXD · Portland, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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