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    Portland Industrial Warehouse with Office Title is generated by Realmo AI

    4401 Wi NE Martin Luther King Blvd, Portland, OR

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    34,157 SF industrial warehouse with office space for sale.

    Type:INDUSTRIAL
    Property size:
    34,157 SF
    Lot size:
    1.54 Acres
    Price / SF:
    $152/SF
    Added:
    Aug 25, 2023
    Days on Market:
    1028
    Last Refresh:
    May 20 at 8:34 pm

    Property Features for 4401 Wi NE Martin Luther King Blvd

    General Information

    Standard status
    Active
    Size
    34,157 SF
    Lot size
    1.54 Acres
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Nicholas Diamond
    Nicholas Diamond

    Listing agent Nicholas Diamond

    Listing office Capacity Commercial Group

    Listing date Aug 25, 2023

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Capacity Commercial Group

    HighLights

    • High visibility location on MLK Blvd with over 58,000 vehicles per day.
    • CM3 zoning allows for a broad range of uses.
    • 1.54‑acre parcel in Portland's King District.
    • Delivered vacant, suitable for owner/user, repurposing, or ground‑up development.
    • Existing 34,157 SF industrial warehouse with office space.
    • 40+ off‑street parking spaces.

    Overview

    Located in Portland's King district, this property features high visibility on Martin Luther King Boulevard with over 58,000 vehicles per day. The 1.54-acre parcel currently consists of a 34,157 square foot industrial warehouse with office space. There are over 40 off-street parking spaces available. The CM3 zoning allows for a broad range of uses including retail, office, and residential. The property will be delivered vacant, allowing for a variety of options including owner/user, repurposing of the existing building, or ground-up development.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $778.8k $22.80
    − Vacancy −$189.2k −$5.54
    EGI $589.5k $17.26
    − OpEx −$147.4k −$4.31
    NOI $442.2k $12.94
    34,157 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $6.32M
    $5.53M – $7.37M (±1% cap)
    NOI $442,152 @ 7.0% cap · market cap 8.51%
    Second Best
    Warehouse
    $3.72M
    $3.25M – $4.34M (±1% cap)
    NOI $260,326 @ 7.0% cap · market cap 5.01%
    Theoretical Best
    Office A
    $9.59M
    $8.39M – $11.19M (±1% cap)
    NOI $671,449 @ 7.0% cap · market cap 12.92%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic 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
    -122.513
    Latitude
    45.4433

    FAQs

    What type of property is this?
    Warehouse - 34,157 SF industrial warehouse with office space for sale.
    Where is this warehouse located?
    The property is located at 4401 Wi NE Martin Luther King Blvd Portland, OR.
    What is the asking price?
    The asking price for this property is $5,195,000.
    What are key features of this property?
    This property features: High visibility location on MLK Blvd with over 58,000 vehicles per day.; CM3 zoning allows for a broad range of uses.; 1.54‑acre parcel in Portland's King District.
    (503) 326-9000 Call to check price and availability
    More about this property
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