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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Turn key restaurants
1525 Grand Ave Portland, OR 97214-3548
Entity Owned
20-yr Hold
Free & Clear
Property ID
US71-0732308
Property summary
AI-generated overview
This exceptional 3,602 square foot restaurant space is available for lease at 1525 SE Grand Avenue in Portland, Oregon, within Multnomah County. The property is a single-tenant retail space, currently vacant and ready for immediate occupancy. Its ideal location in Portland offers high visibility and accessibility, making it an attractive opportunity for a variety of restaurant concepts. The building's total square footage is 3,602 square feet, providing ample space for a full-service restaurant, including dining areas, kitchen facilities, and potentially additional storage or office space. The property is situated at 1525 SE Grand Ave, Portland, OR 97214, offering convenient access to major transportation routes and a vibrant neighborhood. This is a rare opportunity to secure a substantial and well-located restaurant space in a thriving Portland market. The property is classified as a retail space with a restaurant subtype. Interested parties are encouraged to inquire for lease terms and conditions. The property is located in Multnomah County, Oregon. The geographic coordinates are 45.5117142 latitude and -122.6612738 longitude.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1989
Total area
3,602 SF
Lot
0.23 ac (10,000 SF)
Zoning code
EX
APN
1S1E02CB 09200
UPID
US71-0732308
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
$695k
Blend (final)
Blend
$695k
Owner & transaction history
Grand Of Angel LLC · 20 yrs held
Grand Of Angel LLC
since 2005
3 recorded transactions
Zoning & alternative use
EX · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Portland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,100,000
Change: -11% · Conversion: Difficult
MEDICAL BUILDING
$1,090,000
Change: -12% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,045,000
Change: -15% · Conversion: Easy
OFFICE BUILDING
$1,040,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$695k
Range $626k – $765k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$193 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,780
Tax year 2023
Assessed value
$293,610
Assessed 2023
Previous assessed
$285,060
+3.0% YoY
Effective rate
2.65%
On assessed value
Land market value
$2,000,000
Improvement market value
$9,000
Total market value
$2,009,000
Applied tax rate
884.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1989
Heating
NONE
Stories
1
Total area
3,602 SF
Lot
0.23 ac (10,000 SF)
Zoning code
EX
APN
1S1E02CB 09200
UPID
US71-0732308
Jurisdiction
MULTNOMAH
Zoning & alternative use
EX · Portland, OR
Zoning EX · permitted uses
EX · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.0M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Grand Of Angel LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 230968, TIGARD, OR 97281-0968
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2005
—
Grand Of Angel LLC
Angel,joseph W II
Quit Claim Deed
related
—
Jan 1, 1993
$305,000
Joseph W Angel II
Unknown
Grant Deed
—
—
—
Grand Of Angel LLC
—
Deed Of Trust
related
$1,625,000 · Advantis Cu
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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