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    Killingsworth Street Multi-Functional Commercial Asset Title is generated by Realmo AI

    1200 1218 N Killingsworth, Portland, OR 97217

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    For Sale
    $997,000

    Multi-functional commercial asset with retail and warehouse space on Killingsworth.

    Type:Commercial
    Property size:
    5,982 SF
    Price / SF:
    $166/SF
    Added:
    Apr 16, 2026
    Days on Market:
    63
    Last Refresh:
    Apr 16 at 8:29 pm

    Property Features for 1200 1218 N Killingsworth

    General Information

    Standard status
    Active
    Size
    5,982 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1927

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    Listing Contact
    CALISTA TAYLOR

    Listing agent CALISTA TAYLOR

    Listing office OPT

    Listing date Apr 16, 2026

    Source Corcoran

    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 OPT

    HighLights

    • Multi‑functional commercial asset with retail storefronts and a sizable warehouse component.
    • CM3 zoning allows for strong redevelopment possibilities.
    • Located on Killingsworth Street.
    • Six retail storefront suites.
    • Sizable warehouse component.
    • Built in 1927.

    Overview

    This commercial property on Killingsworth Street features a combination of six retail storefront suites and a sizable warehouse component. The property is located on a CM3-zoned lot, which allows for large-scale, commercial mixed-use development. The CM3 zoning is intended for sites close to the Central City, in high-capacity transit station areas or town centers, and on civic corridors. Buildings in this zone are generally expected to be up to six stories and may be up to seven stories when bonuses are used. The property offers flexibility for a variety of business and investment strategies. The property contains 5,982 square feet of space.

    Local Financial Insights For Mixed Use

    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 $143.6k $24.00
    − Vacancy −$14.4k −$2.40
    EGI $129.2k $21.60
    − OpEx −$48.5k −$8.10
    NOI $80.8k $13.50
    5,982 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $1.15M
    $1.01M – $1.35M (±1% cap)
    NOI $80,757 @ 7.0% cap · market cap 8.10%
    Second Best
    Retail
    $996.0K
    $871.5K – $1.16M (±1% cap)
    NOI $69,720 @ 7.0% cap · market cap 6.99%
    Theoretical Best
    Office A
    $1.68M
    $1.47M – $1.96M (±1% cap)
    NOI $117,593 @ 7.0% cap · market cap 11.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center 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
    -122.6793439
    Latitude
    45.5623626

    FAQs

    What type of property is this?
    Mixed-use property - Multi-functional commercial asset with retail and warehouse space on Killingsworth.
    Where is this mixed-use property located?
    The property is located at 1200 1218 N Killingsworth Portland, OR.
    What is the asking price?
    The asking price for this property is $997,000.
    What are key features of this property?
    This property features: Multi‑functional commercial asset with retail storefronts and a sizable warehouse component.; CM3 zoning allows for strong redevelopment possibilities.; Located on Killingsworth Street.
    More about this property
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