Property profile

18215 Nww Un Rd Portland, OR 97229

OFF-MARKET
Banks
Property ID
US71-0622416
4,318 SF 0.89 ac lot Built 2010
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is a 4,175-square-foot retail building that provides street access off West Union Road, a major thoroughfare, with two additional points of ingress. It is situated in Washington County and is surrounded by high-density residential development. The area within a 5-mile radius is reported to include 219,420 residents, and the surrounding market is described as having above-average household incomes of approximately $182,000 (about 49% higher than the Portland city average). The retail space has been historically occupied by Starbucks and Evolve Physical Therapy, with the building configured for use as a multi-tenant retail facility.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2010
Total area 4,318 SF
Lot 0.89 ac (38,768 SF)
Zoning code NC
APN 1N119BC-11700
UPID US71-0622416

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

18215 Nww Un Rd Portland, OR 97229-2139
Portland metro Census 31509 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$965k

Owner & transaction history

since 2019
6 recorded transactions
2020
Price N/A
2019
$1.0M
2008
$1.1M
2008
Price N/A
2008
Price N/A
2006
Price N/A

Zoning & alternative use

NC · Portland, OR

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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