5005 Sandy BlvdPortland, OR 97213

Property Details for 5005 Sandy Blvd

Year built

2018

Lot size

0.64 AC

Property size (Sq ft)

31,716 SF

Zone code

CS

Property type

Office properties

APN

1N2E30CA 02100

APU

1N2E30CA02100

Description

This exceptional 7,398 square foot retail space, located at 5005 NE Sandy Boulevard in Portland, Oregon, presents a unique investment opportunity. Built in 2018, the property boasts a total building size of 31,716 square feet and is situated within a CM2 - Commercial Mixed Use zoning district in Multnomah County. The space is currently vacant and offers significant potential for a variety of retail uses. Previously occupied by a fully functioning grocery store with a commercial kitchen, the layout is adaptable and can be leased as-is or subdivided to suit a tenant's specific needs. The building offers off-street parking located at the rear of the structure, providing convenient access for customers and employees. The property's address is 5005 NE Sandy Blvd, Portland, OR 97213. Its prime location in Portland offers excellent visibility and accessibility, making it an ideal space for a variety of retail businesses. The property's 2018 construction ensures modern amenities and efficient design. This is a single-tenant space, offering a streamlined leasing process and potential for long-term stability. The existing infrastructure, including the commercial kitchen, presents a significant advantage for food-related businesses or those requiring specialized equipment. This property represents a rare opportunity to acquire a well-located, versatile retail space in a thriving Portland neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $8,711,117

  6.5%

  $8,041,030

  7%

  $7,466,672

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,107,868

  Geo Method

  $6,107,868

• Alternative Use

  Use

  Valuation

  Residential

  $9,970,878

  Hospitality

  $9,133,271

  Educational

  $7,598,774

  Medical

  $7,860,108

  Retail

  $11,820,315

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5399

Longitude

-122.611

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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