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Property profile & analytics
OFF-MARKET
Turn key restaurants

87 Main St Independence, OR 97351-2004

851 SF 0.3 ac lot Built 1943
Individually Owned 5-yr Hold Free & Clear
Property ID
US71-1667910
Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1943
Total area 851 SF
Lot 0.3 ac (13,068 SF)
Zoning code PS
APN 08428-AB-00600
UPID US71-1667910
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sancho’s Pizza Restaurant
  • The Tap Station Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Steven M Lind · 5 yrs held
Steven M Lind
since 2021
7 recorded transactions
2021
Price N/A
2021
Price N/A
2018
Price N/A
2010
$210,000
2008
Price N/A
2008
$190,000
2006
Price N/A
Zoning & alternative use
PS · Independence, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

K. Public Services (PS) L. Willamette Greenway Development District (GD) M. Agriculture Zone (AG) N. Airport Development District (ADD) O. Airport Safety & Compatibility Overlay (ASCO) 10.030 Official Zoning Map 4 A. The boundaries for each zone listed in this ordinance shall be identified on the official zoning map of the City of Independence, hereby adopte…

Zone name Public Service
General category CIVIC_INSTITUTIONAL
Zone area 289.85 ac
Source CITY OF INDEPENDENCE
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