557 Phoenix Dr Troutdale, OR 97060-9528
Property profile & analytics
557 Phoenix Dr Troutdale, OR 97060-9528
- Turn key restaurants
- 3,931 SF
- 0.92 lot acres
Property ID
US71-0116598
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
- Turn key restaurants
Property Details for 557 Phoenix Dr
- Year built
- 1991
- Lot size
- 0.92 lot acres
- Property size
- 3,931 SF
- Zone code
- GC
- Property type
- Turn key restaurants
- APN
- 1N3E25BC 01200
- APU
- 1N3E25BC01200
Description
This exceptional investment opportunity presents a 3,931-square-foot Shari's restaurant in Troutdale, Oregon. Located on a substantial 0.94-acre lot (41,014 sq ft), this single-tenant, triple-net (NNN) leased property boasts a strong net operating income (NOI) of $176,029. The property, originally constructed in 1994, benefits from its strategic location just one block from the Columbia Gorge Outlets, placing it amidst a vibrant retail environment. Neighboring businesses include prominent brands such as McDonald's, Starbucks, and numerous other national retailers. The property's proximity to major employers like Amazon and FedEx in their Troutdale facilities further enhances its appeal. The tenant, Shari's, is committed to significant improvements, planning at least $50,000 in upgrades within the next year. Troutdale's thriving outdoor-focused community, coupled with high consumer spending ($4.6 billion annually within a 5-mile radius) and significant traffic on Interstate 84 (102,789+ vehicles per day), creates a compelling investment case. This one-story building represents a stable, high-performing asset in a desirable location. The property's size and location offer significant long-term potential for growth and return on investment. This is a rare opportunity to acquire a well-established, high-performing retail property in a rapidly growing market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,595,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,965,000
- AI Estimate
- $1,965,000
Market price range: $857k - $1.97MMarket price range: $857k - $1.97M -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,405,000 Current use
- MEDICAL BUILDING
- $1,190,000 Change: -16% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,165,000 Change: -17% Conversion: Difficult
- RETAIL STORES
- $1,160,000 Change: -17% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Troutdale
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.394
- Latitude
- 45.544
- 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
$23,872
$0.00
$0.00
$1,293,610
-
$481,380
$1,936,030
$2,417,410
