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Financial
Distress signals
Property profile

5401 NE Cully Blvd Portland, OR 97218

FOR SALE
Retail space
Property ID
US71-0479672
864 SF 0.08 ac lot Built 1973
Last sale Jun 1990 · $55,000
Individually Owned Owner of record is an individual. 36-yr Hold Held for 36 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
5401 NE Cully Blvd, Portland, OR 97218 For Sale
$350,000 864 SF
5401 NE Cully Blvd, Portland, OR 97218
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Property summary

AI-generated overview

Commercial real estate located along NE Cully Blvd in Portland. The space is approximately 864 square feet and has historically been operated as a hair salon for over 30 years. The interior layout is configured to support multiple workstations, a reception area, and ancillary spaces, with the potential to continue salon-related use or be adapted for other permitted commercial or service-oriented uses, subject to zoning and municipal approvals. The property is situated on NE Cully Blvd,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$115k
Effective rate2.65%

Value estimate

· Oct 2026
$75k
$68k – $83k
NOI build-up
Gross scheduled income$16k
Vacancy & credit loss−$1k
Operating expenses−$4k
NOI · 2.88% cap applied$10k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$300/SF
Submarket average, outlier-cleaned · 315 recorded sales of this use type
Observed band · Q1–Q3$178 – $430

Cap rate analysis

How does the asset earn?
2.88%
$10k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CN2H
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency50.7
Dental Office38.2
Law Firm36.5

Location

5401 NE Cully Blvd Portland, OR 97218
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7131 Prescott St, Portland, OR 97218-3512 $725,000 Jun 2025 No data
4502 42nd, Portland, OR 97218-1604 $657,500 Sep 2024 1,962 SF
5013 42nd, Portland, OR 97218-1503 $1,300,000 Sep 2024 5,800 SF
4346 Cully, Portland, OR 97218-2206 $945,000 Feb 2024 17,983 SF
4905 42nd, Portland, OR 97218-1501 $1,018,975 Feb 2023 2,550 SF
4565 60th, Portland, OR 97218-2606 $300,000 Feb 2021 630 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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