7131 Prescott St, Portland, OR 97218-3512
- Retail space
- 3,150 SF
- 0.15 lot acres
Current Use by Public Records
- Trantel Heating & Cooling / HVAC Service / General Contractor
- Niños Birrieria / Restaurant
- CR Electrical / General Contractor
Property Details for 7131 Prescott St
- Year built
- 1950
- Lot size
- 0.15 lot acres
- Zone code
- CN2H
- Property type
- Retail space
- APN
- 1N2E20BD 05400
- APU
- 1N2E20BD05400
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 23, 2020 | $675,000 | Green Tortoise Properties LLC | Ne Mogul LLC | Warranty Deed | $425k · Oregon Community Cu |
| May 10, 2018 | $300,000 | Ne Mogul LLC | Thong M Trinh | Warranty Deed | $425k · Banner Bank |
| Sep 27, 2013 | $310,000 | Joshua L Young | Trinh,thong | Grant Deed | — |
| Aug 11, 2006 | $225,000 | Thong M Trinh | Title Information Services INC | Warranty Deed | $157k · Bank Of Salem |
| Jan 26, 2005 | — | Larry L Moe | Moe,wilma E | Quit Claim Deed · related | — |
| Oct 22, 2002 | $185,000 | Title Information Services INC | Electronics Service Solutions | Grant Deed | $164k · Cowlitz Bank |
| May 9, 1995 | $75,000 | Electronics Service Solutions | Jones,donald | Grant Deed | — |
| Jul 1, 1988 | $79,500 | Donald Jones | Unknown | Grant Deed | — |
| — | — | Electronic Service Solutions | — | Deed Of Trust · related | $60k · Us National Bank Oregon |
| — | — | Electronics Service Solution | — | Deed Of Trust · related | $168k · Centennial Bank |
| — | — | Donald Jones | — | Deed Of Trust · related | $21k · Security Pacific Fin'l Svc |
Description
This 3,150 square foot free-standing building in Portland's vibrant Roseway neighborhood is for sale at $725,000. The property, built in 1950 and situated on a 0.15-acre lot, features a mix of office and retail space currently 100% occupied under a gross lease expiring May 31, 2025. The building boasts newer systems and four off-street parking spaces, a significant advantage in this location. Zoned CM1, it offers excellent visibility on a high-traffic street and is conveniently located on a bus line. The current lease has a remaining term of 0.5 years, with a lease commencement date of August 31, 2023. The property presents a compelling investment opportunity with a 6.40% cap rate and a price per square foot of $230.16. Ideal for owner-users or investors seeking strong rental potential in a dynamic market, this property is well-suited for a variety of uses, including retail shops, professional offices, or a combination thereof. The single-story building consists of two units. This is a rare opportunity to acquire a well-located, income-producing property in a thriving Portland neighborhood. The property's prime location and flexible layout make it an attractive option for a wide range of tenants and business owners.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $630,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $610,000
- 6.5%
- $565,000
- 7%
- $525,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $692,000
- AI Estimate
- $692,000
Market price range: $559k - $1.36MMarket price range: $559k - $1.36M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $945,000 Current use
- AUTO REPAIR, GARAGE
- $960,000 Change: +2% Conversion: Difficult
- MEDICAL BUILDING
- $950,000 Change: +1% Conversion: Difficult
- OFFICE BUILDING
- $910,000 Change: -4% Conversion: Easy
- COMMERCIAL (GENERAL)
- $905,000 Change: -4% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.59
- Latitude
- 45.5556
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
