9321 Stark StPortland, OR 97216

  • Automotive properties
  • 1,920 SF
For Sale
$1,250,000 View listing

Property Details for 9321 Stark St

Year built
1955
Lot size
0.29 AC
Property size (Sq ft)
1,920 SF
Zone code
CG
Property type
Automotive properties
APN
1N2E33DC 04800
APU
1N2E33DC04800

Description

This exceptional Portland investment property, located at 9321 SE Stark St, offers 1,920 square feet on a 0.29-acre corner lot (100' x 140'). Its prime location ensures high visibility and accessibility, boasting 140 feet of street frontage. Previously operating as a gas station, the property features two service bays, each capable of accommodating approximately two vehicles simultaneously, and equipped with car lifts (sold separately). This versatile space presents a unique opportunity for a variety of automotive-related businesses or other income-generating ventures. The property's strong infrastructure and high-traffic location contribute to its significant earning potential. A key advantage is the inclusion of an on-site billboard, generating additional passive income. Priced at $1,250,000, this multi-family property represents a compelling investment opportunity in a thriving Portland market. The substantial street frontage and corner lot positioning maximize exposure and accessibility, making it an ideal location for a business seeking high visibility. The existing infrastructure of the service bays provides a solid foundation for immediate operation, minimizing initial setup costs. The potential for diverse business applications, coupled with the passive income stream from the billboard, makes this a truly unique and attractive investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $775,200
    6.5%
    $715,570
    7%
    $664,458
  • Comparable approach

    Method
    Valuation
    Relative Method
    $931,779
    Geo Method
    $931,779
  • Alternative Use

    Use
    Valuation
    Residential
    $603,610
    Hospitality
    $552,903
    Educational
    $460,009
    Medical
    $475,829
    Retail
    $715,570

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5193
Longitude
-122.567
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
$5,766
-
-
$245,310
-
$515,910
$38,170
$554,080

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