8220 Davis St Portland, OR 97220-6029
Property profile & analytics
8220 Davis St Portland, OR 97220-6029
- Commercial land
- 1,038 SF
- 0.10 lot acres
Property ID
US71-0814429
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
- Dahab Indian Kitchen / Restaurant
- Ricky's Sushi - Portland Oregon / Restaurant
- Taqueria El Torito / Restaurant
- Bai Yok Thai Food / Restaurant
- Little Bear Vietnamese Street Food / Restaurant
Property Details for 8220 Davis St
- Year built
- 1908
- Lot size
- 0.10 lot acres
- Property size
- 1,038 SF
- Zone code
- CG
- Property type
- Commercial land
- APN
- 1N2E33CB 08400
- APU
- 1N2E33CB08400
Description
This exceptional investment opportunity presents a 15-unit food cart pod located at 8220 NE Davis St, Portland, Oregon, 97220. Boasting 8,200 square feet of net rentable space, this thriving business is priced at $895,000 and offers a compelling 10.28% cap rate with a current NOI of $92,000. The property operates under a ground lease expiring June 1, 2036, providing long-term stability. This multi-tenant property is perfectly positioned to capitalize on the rapidly growing food cart industry in the Portland metro area. The current configuration serves as an ideal incubator model for the restaurant industry, offering a low barrier to entry for tenants. Significant upside potential exists through various avenues, including expense recapture, facility streamlining, repurposing underutilized space, and rent optimization. The property is fully compliant with Portland's updated food cart pod regulations, benefiting from the displacement of carts from non-compliant locations. Minimal owner involvement is required, with opportunities for growth through targeted marketing and sales initiatives. This is a turnkey investment ready for immediate returns and future expansion within a dynamic and expanding market. The property is situated in Multnomah County.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.579
- Latitude
- 45.5244
- 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
$2,882
$0.00
$0.00
$108,750
-
$232,930
$0.00
$232,930
