Property profile

38687 Proctor Blvd Sandy, OR 97055

OFF-MARKET
Commercial real estate
Property ID
US71-1700085
0.14 ac lot Built 1905
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional business opportunity is located at 38687 PROCTOR Blvd, Sandy, OR, offering a unique blend of restaurant and event space potential. The property boasts a substantial 2,000 square foot building situated on a 0.14-acre lot with significant road frontage. A recent remodel in 2019 significantly enhanced the property's functionality and appeal. Improvements include a second bathroom, a fully equipped commercial kitchen, and a dedicated bar area, all designed to optimize operational efficiency and customer experience. The restaurant space itself comprises 1,700 square feet, providing ample room for dining and service. An additional 300 square feet of space upstairs offers versatile office or storage options. The outdoor areas are equally impressive, featuring a beautiful covered patio ideal for dining, private events, or live music performances. An additional open patio area, complemented by attractive landscaping, requires minimal maintenance. A small, dedicated parking lot is available for staff and deliveries, ensuring convenient access. The asking price for this turnkey operation is $540,000. This property presents a rare opportunity to acquire a well-established and updated commercial space in a desirable Sandy location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1905
Lot 0.14 ac (6,000 SF)
Zoning code C1
APN 24E13BC06300
UPID US71-1700085

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

38687 Proctor Blvd Sandy, OR 97055-8028
Sandy metro Census 23404 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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$565k

Owner & transaction history

since 2025
Last sale
$500,000
6 recorded transactions
2025
$360,000
2025
$500,000
2008
$260,000
2006
$265,000
2006
$95,000
1995
$95,000

Zoning & alternative use

C1 · Sandy, 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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