Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5474 Sandy Blvd Portland, OR 97213-3428

    • Turn key restaurants
    • 5,854 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimations
    $2,285,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0025725
    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.

    Current Use by Public Records

    • Leisure Hour Golf Club / Golf Course
    • Oregon Lottery / (Bike/Boat/Book/etc) Store
    • ATM / Atm
    • Clyde's Prime Rib Restaurant and Bar / Restaurant

    Property Details for 5474 Sandy Blvd

    Year built
    1931
    Lot size
    0.75 lot acres
    Property size
    5,854 SF
    Zone code
    R1
    Property type
    Turn key restaurants
    APN
    1N2E30AC 14400
    APU
    1N2E30AC14400

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,284,000
      Market price range: $1.13M - $2.89M
      AI Estimate
      $2,284,000
      Market price range: $1.13M - $2.89M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,005,000
      Current use
      AUTO REPAIR, GARAGE
      $1,785,000
      Change: -11% Conversion: Difficult
      MEDICAL BUILDING
      $1,770,000
      Change: -12% Conversion: Difficult
      OFFICE BUILDING
      $1,690,000
      Change: -16% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.607
    Latitude
    45.5412
    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
    $25,344
    $0.00
    $0.00
    $972,390
    -
    $657,730
    $776,800
    $1,434,530

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      5905 Wi Ne Halsey St

      RESTAURANT • 0.11 Acres
      5905 Wi Ne Halsey St, Portland, OR 97213
      View Details
    • Value Estimation by Request
      0.09 Acres

      5824-5846 Wi Ne Sandy Blvd

      RESTAURANT • 0.09 Acres
      5824-5846 Wi Ne Sandy Blvd, Portland, OR 97213
      View Details
    • Value Estimation
      $1,120,000
      4,702 SF

      4744 Sandy Blvd

      RESTAURANT • 4,702 SF
      4744 Sandy Blvd, Portland, OR 97213-2076
      View Details
    • Value Estimation
      $650,000
      2,214 SF

      4239 Fremont St

      RESTAURANT • 2,214 SF
      4239 Fremont St, Portland, OR 97213-1149
      View Details
    • Value Estimation by Request
      723 SF

      4615 Sandy Blvd

      RESTAURANT • 723 SF
      4615 Sandy Blvd, Portland, OR 97213-2073
      View Details
    • Value Estimation
      $1,185,000
      4,996 SF

      4703 Fremont St

      RESTAURANT • 4,996 SF
      4703 Fremont St, Portland, OR 97213-1724
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,400 SF

      Restaurant Building on Sandy Boulevard

      Two-tenant restaurant building with prime location and on-site parking.
      5824-5846 Ne Sandy Blvd, Portland, OR 97213
      View Details
    • $1,325,000

      Retail Building with Commercial Kitchen

      Retail building with full commercial kitchen and parking spaces.
      7320-7330 NE Fremont St, Portland, OR 97213
      View Details
    • $773,300
      1,849 SF

      Prime Corner Restaurant with Drive-Thru

      Single-tenant restaurant with drive-thru in high-traffic Portland location.
      3103 Northeast 82Nd Ave, Portland, OR 97213
      View Details
    • $820,000
      1,617 SF

      Two Buildings, Great Location

      Two buildings with retail opportunities in a great location.
      6800 NE Sandy Blvd, Portland, OR 97213
      View Details
    • $1,325,000
      4,860 SF

      Retail Investment Opportunity in Portland

      Two-tenant retail property with stable leases and development potential.
      7320 NE Fremont St, Portland, OR 97213
      View Details
    • Contact for pricing
      3,000 SF

      Retail Property Leased to 7-Eleven

      Retail property leased to 7-Eleven through August 2027.
      3311 NE 82Nd Ave, Portland, OR 97213
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former Grocery with Commercial Kitchen

      Retail space with commercial kitchen in Portland's Hollywood District.
      5005 NE Sandy Blvd, Portland, OR 97213
      View Details
    • Contact for pricing
      5,000 SF

      Fremont Restaurant Space with Parking

      Iconic restaurant location available for lease in NE Fremont.
      4703 NE Fremont St, Portland, OR 97213
      View Details
    • Contact for pricing

      Remodeled Retail Building with Kitchen

      Retail building with commercial kitchen, flexible layout, and parking.
      Portland, OR 97213
      View Details
    • $27 SF/Yr
      1,468 SF

      Retail Space in Desirable Neighborhood

      Retail space available August 1, 2025 in Portland, Oregon.
      4803-4831 NE Fremont St, Portland, OR 97213
      View Details
    • Contact for pricing
      5,169 SF

      Retail Space in Ropeway Neighborhood

      Former café space available in a thriving Portland neighborhood.
      7110-7126 NE Sandy Blvd, Portland, OR 97213
      View Details
    • $27 SF/Yr

      Retail/Office Space in Beaumont-Alameda

      Retail and office space in a desirable East side neighborhood.
      4803 NE Fremont St, Portland, OR 97213
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5474 Sandy Blvd
    Portland, OR 97213-3428
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!