Exceptional retail opportunity at Strauss on Burnside, located at 77 NE Grand Ave, Portland, OR 97232. This prime location sits at the intersection of NE Grand Avenue and E Burnside Street, in the vibrant Central Eastside submarket of Southeast Portland, Multnomah County. The property offers several flexible spaces ideal for a variety of service-oriented businesses. Suite 4, a 1,278 square foot space, is perfect for retail, service, wine tasting, or café uses and is available immediately at…

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?

$454k

Tax billed · 2023

Assessed value$17.14M

Effective rate2.65%

Value estimate

· Nov 2026

$45.37M

$40.83M – $49.91M

Submarket $/SF estimate$46.74M

NOI build-up

Gross scheduled income$2.48M

Vacancy & credit loss−$186k

Operating expenses−$687k

NOI$1.60M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$266/SF

Submarket average, outlier-cleaned · 440 recorded sales of this use type

Observed band · Q1–Q3$159 – $395

Cap rate analysis

How does the asset earn?

$1.60M 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?

EXD

JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?

Best fit: Veterinary Clinic

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Veterinary Clinic9.4

Pet Grooming Service9.2

Optical Shop8.5

77 NE Grand Ave Portland, OR 97232

County assessor Recorded deeds · 17 transfers 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 · 14 properties nearby

Address Sale price Sold Size

1425 7th, Portland, OR 97232-1279 $450,000 Jan 2025 137,231 SF

322 Multnomah, Portland, OR 97232-2041 $30,000,000 Dec 2024 165,261 SF

465 Davis, Portland, OR 97232-4438 $34,000,000 Feb 2024 170,374 SF

2020 Multnomah, Portland, OR 97232-2280 $3,310,477 Jan 2023 192,357 SF

1610 Multnomah, Portland, OR 97232-2166 $24,100,000 Mar 2020 112,203 SF

521 16th, Portland, OR 97232-3591 $2,750,000 Jul 2019 69,596 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

Value Estimation
$28,670,000

127,630 SF

303 16th Ave

APARTMENT HOUSE (5+ UNITS)

303 16th Ave, Portland, OR 97232-3088

View Details
Value Estimation
$51,665,000

166,967 SF

518 20th Ave

APARTMENT HOUSE (5+ UNITS)

518 20th Ave, Portland, OR 97232-2833

View Details
Value Estimation
$17,250,000

103,300 SF

430 16th Ave

APARTMENT HOUSE (5+ UNITS)

430 16th Ave, Portland, OR 97232-2869

View Details
Value Estimation
$20,295,000

51,367 SF

2821 Everett St

APARTMENT HOUSE (5+ UNITS)

2821 Everett St, Portland, OR 97232-3596

View Details
Value Estimation
$12,855,000

48,351 SF

1306 2nd Ave

APARTMENT HOUSE (5+ UNITS)

1306 2nd Ave, Portland, OR 97232-1101

View Details
Value Estimation
$5,360,000

33,708 SF

2509 Flanders St

APARTMENT HOUSE (5+ UNITS)

2509 Flanders St, Portland, OR 97232-3180

View Details

Similar in This City for Sale

$6,595,000

26,702 SF

Mixed-Use Property with Apartments

Twenty apartments and three ground-floor commercial suites occupy a contemporary, walkable mixed-use building.

1407 SE CORA St, Portland, OR 97202

View Details
New

$5,999,900

18,679 SF

12-Unit Multifamily Townhome Community

Three buildings will contain a mix of two- and three-bedroom homes, each with an individual entrance.

5103 SE Martins St, Portland, OR 97206

View Details
New

$3,500,000

10,734 SF

32-Unit Apartment Building

Thirty-one studios and one one-bedroom unit create a compact multifamily configuration with individually metered tenants.

16 SW PORTER St SW, Portland, OR 97201

View Details
New

$2,300,000

8,375 SF

11-Unit Apartment Building

Recently built multifamily property is fully occupied and includes onsite parking and storage.

7530 North Richmond Avenue, Portland, OR 97203

View Details
$2,600,000

8,143 SF

Mixed-Use Building with Loft Apartments

A three-story property combines fourteen one-bedroom residences with a ground-floor commercial space.

1515 N Rosa Parks Way, Portland, OR 97217

View Details
New

$2,594,200

7,864 SF

Eight-Unit Detached Cottage Apartments

Vacant delivery provides flexibility for initial leasing, tenant selection, rent positioning, and property management.

9213 N Seneca St, Portland, OR 97203

View Details

Similar in This City for Lease

New

Contact for pricing
11,913 sqft

Class A Mixed-Use Building

Class A mixed-use building with 417 apartments and 37,943 SF of retail anchored by CVS.

1818 SW 4th Ave, Portland, OR 97201

View Details
New

Contact for pricing
903 sqft

Six-Story Apartment Building

Six-story mixed-use building offering 211 market-rate apartments for rent in Portland.

1313 E Burnside St, Portland, OR 97214

View Details

Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude

Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

One click on Google

77 NE Grand Ave Portland, OR 97232

Property summary