2700 NE Alberta St Portland, OR 97211
Property profile & analytics
2700 NE Alberta St Portland, OR 97211
- Warehouses
- 3,190 SF
- 0.15 lot acres
Property ID
US71-0604408
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.
Location Intelligence
Current Use by Public Records
- Firebelly Wings / Restaurant
Property Details for 2700 NE Alberta St
- Year built
- 1953
- Lot size
- 0.15 lot acres
- Property size
- 3,190 SF
- Zone code
- CSH
- Property type
- Warehouses
- APN
- 1N1E24BC 03800
- APU
- 1N1E24BC03800
Description
This exceptional Portland restaurant presents a unique owner-user opportunity. Located at 2700 NE Alberta Street, this 3,190 square foot property boasts a strong 8.03% cap rate and a substantial $120,000 net operating income (NOI) with 100% occupancy. Built in 1953 and extensively renovated in 2017, the single-story building sits on a 0.15-acre lot and is zoned CM2-Commercial Mixed Use, offering significant potential for expansion. The asking price is $1,495,000 ($468.65/sq ft). The interior features high-quality craftsmanship and finishes, including a spacious prep area, stainless steel appliances, a large walk-in refrigerator, a hood system, a full range, a refrigerated full bar, and an industrial dishwashing unit. A year-round covered outdoor space adds to the property's appeal. Further development potential exists with opportunities for a rooftop bar and event space, along with maximizing the use of the south-side outdoor area. This turnkey operation is situated in a prime location on one of Northeast Portland's trendiest streets, ensuring a thriving business environment. The property is ready for immediate operation, offering a seamless transition for a new owner.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.638
- Latitude
- 45.5588
- 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
$1,960
$0.00
$0.00
$73,980
-
$1,569,750
$54,230
$1,623,980
