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    FOR SALE
    Retail space

    88 NW Murray Blvd, Portland, OR 97229

    2,014 SF 0.13 ac lot
    Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US71-0518966
    Property summary
    AI-generated overview

    This exceptional mixed-use property, located at 88 NW Murray Blvd in Portland, Oregon, presents a lucrative investment opportunity. The building, constructed in 2007, boasts a total of 2,034 square feet, perfectly divided into 1,017 square feet of retail space on the ground floor and an equal amount of office space on the second floor. Currently operating at 100% occupancy, this property offers immediate cash flow. Situated on a 0.13-acre lot (APN R0636805), the building benefits from high visibility and significant traffic volume due to its strategic location directly off the Murray Boulevard exit of Highway 26. This provides excellent access to Highway 217, ensuring convenient commutes for both employees and customers. The property is zoned NC and features a two-story structure. The asking price is $995,000, translating to a price per square foot of $489.18. This represents a strong value proposition in the vibrant Portland market. The property's excellent location, combined with its current high occupancy rate and versatile floor plan, makes it an ideal investment for discerning buyers seeking a stable and profitable asset. Don't miss this chance to acquire a thriving mixed-use property in a prime Portland location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Total area 2,014 SF
    Lot 0.13 ac (5,663 SF)
    Zoning code NC
    APN 1N133DC-03400
    UPID US71-0518966
    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
    • E-Fly Travel Inc Travel Agency
    • Murray Massage Spa & Massage Center
    • el jalisco 2 food truck Restaurant
    • New Mobile Food Take-out & Catering Catering Service
    • D'Elegant Nails Nail Salon
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $789k
    Blend (final) Blend
    $790k
    Owner & transaction history
    Fang C Yen · 7 yrs held
    Fang C Yen
    since 2019
    5 recorded transactions
    2019
    2019
    2006
    2005
    $60,000
    1969
    Zoning & alternative use
    NC · Portland, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $615,000 +1.7%
    Medical building $610,000 +0.6%
    Try Rey
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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