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    2627 NE M L King Blvd Portland, OR 97212

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    For Sale
    Contact for pricing

    Two-story, modernized 1910 building with parking in Albina District.

    Property size:
    10,500 SF
    Lot size:
    0.13 Acres

    Property Features for 2627 NE M L King Blvd

    General Information

    Size
    10,500 SF
    Lot size
    0.13 Acres

    Source: NAI Elliott Agent Justin Darling

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restored Brick Building in Albina

    This exceptionally restored two-story brick building, constructed in 1910, features modernized upgrades, including a full seismic upgrade. The property includes exposed brick, wood floors, old growth beams, skylights, exterior windows, and off-street parking with 15 spaces. The building has a total size of 10,500 square feet and is situated on a 0.32-acre site. Located in the Albina District on MLK and Russell, it is near the Wonder Ballroom and local retailers and restaurants. The property offers 3,500 square feet of second-floor creative office space, 3,500 square feet of street-level retail space, and 3,500 square feet of basement-level shop or storage space. The building class is C.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.661983
    Latitude
    45.5413312

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    FAQs

    What type of property is this?
    Retail space - Two-story, modernized 1910 building with parking in Albina District.
    Where is this retail space located?
    The property is located at 2627 NE M L King Blvd Portland, OR.
    What are key features of this property?
    This property features: - Prime location in the Albina District near Wonder Ballroom, retailers, and restaurants.; - Seismic upgrade and modernized features in a historically charming 1910 brick building.; - **10,500 SF building with flexible space:** 3,500 SF creative office, retail, and shop/storage.
    (503) 457-2990
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    2627 NE M L King Blvd Portland, OR 97212
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    Portland, OR 97212
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2627 NE M L King Blvd Portland, OR 97212
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