Property profile

519 21st Ave Portland, OR 97209

OFF-MARKET
Turn key restaurants
Property ID
US71-0972920
2,438 SF 0.06 ac lot Built 1927
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,440 square foot retail property, located at 519 NW 21st Ave in Portland, Oregon, presents a unique investment opportunity. Built in 1927 and situated on a 0.06-acre lot, the property boasts a brand new, never-used interior with a high-end buildout. Premium materials, soundproof doors, and walls create a sophisticated and quiet environment. The space is currently vacant and available for lease under a NNN lease structure. The asking price is $1,380,000, translating to $565.57 per square foot. Zoned CS, this property benefits from its prime location on 21st Avenue, near NW Glisan Street, ensuring high foot traffic and visibility. The area's commercial vitality and limited availability of comparable properties (only 12 sold since January 1, 2022) highlight the exceptional nature of this investment. The property's address is 519 NW 21st Ave, Portland, OR 97209, within Multnomah County. This is a rare chance to acquire a meticulously renovated retail space in a highly sought-after Portland neighborhood. The property's superior build-out and location make it ideal for a variety of retail uses.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1927
Total area 2,438 SF
Lot 0.06 ac (2,440 SF)
Zoning code CS
APN 1N1E33BD 06600
UPID US71-0972920

Cap rate & NOI

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

Location

519 21st Ave Portland, OR 97209-1105
Portland metro Census 4800 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
$1.11M
Blend (final) Blend
$1.01M

Owner & transaction history

since 2026
6 recorded transactions
2026
$1.1M
2020
$985,000
2017
$1.2M
2015
Price N/A
2015
$870,000
2005
Price N/A

Zoning & alternative use

CS · 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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