Medical Office Condo with Treatment
2817 NE M L KING Blvd, Portland, OR 97212
For Sale
$365,000
CommercialSale, Portland, OR
Property Size1,137 SF
Price / SF$321.02
Days on Market49
Property Features for 2817 NE M L KING Blvd
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Amenities
Radiant floor heating
polished concrete floors
high ceilings
Building Details
Year built
Floors in Building
Listing Agency:
MORE Realty
(503) 353-6673
Listed By:
Darryn Foor · License OR #201001053
(503) 740-6300
Added: Sep 28
Changed: Oct 20
Last Checked: Nov 15 at 4:06AM
MLS# 341652843
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,137-square-foot medical office condo in the Graham Street Lofts has six private treatment rooms, including two with sinks. Three rooms are rented to medical professionals. Interior features include polished concrete flooring, high ceilings and radiant floor heating. The building was constructed in 2008.
The property is at 2817 NE M L King Blvd in Portland. Forced-air heating is also listed for the space.
The property is at 2817 NE M L King Blvd in Portland. Forced-air heating is also listed for the space.
Key Highlights
- 1,137‑square‑foot medical office condo
- Six private treatment rooms; two have sinks
- Three treatment rooms are rented to medical professionals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,569
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,380
$331.4K
Cap Rate 7%
$236,700
$236.7K
Cap Rate 9%
$184,100
$184.1K
Market Conditions
NOI Build-Up for 1,137 SF
Gross rent
$30.0K $26.40/SF
− Vacancy
−$2.4K −$2.11/SF
EGI
$27.6K $24.29/SF
− OpEx
−$11.0K −$9.72/SF
NOI
$16.6K $14.57/SF
Area
Portland, OR
Vacancy
8.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$331,380
Cap Rate 7%
$236,700
Cap Rate 9%
$184,100
Alternative Uses
Best Use
Healthcare Medical
$236.7K
$207.1K – $276.2K
NOI $16,569 @ 7.0% cap · market cap 4.54%
Second Best
Office B
$210.3K
$184.0K – $245.3K
NOI $14,718 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$319.3K
$279.4K – $372.5K
NOI $22,351 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,431
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97212, OR
26,568
Population
12,064
Households
2.2
Avg Household Size
40
Median Age
70%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
9,840
Density / Sq Mi
$128,098
Median Household Income
$65,836
Median Earnings
$1,790
Median Rent
$824,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Medical Office Space in Portland, OR
Properties on Market for Medical Office Space in Portland
Vacancy Rate% for Office in Portland, OR
Similar Off Market Nearby
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- Heartfelt Veterinary Hospital — 1127 NE Broadway, Portland, OR 97232
- Grateful Heart Veterinary Hospital — 107 N Cook St UNIT B, Portland, OR 97227
- Irvington Veterinary Clinic — 1427 NE Fremont St, Portland, OR 97212
- Jordan Nuccio DVM, CVA — 3808 N Williams Ave #129, Portland, OR 97227
Frequently Asked Questions
What type of property is this?
Medical Office Space - CM3-zoned space offers a multi-room clinical layout with plumbing in two rooms.
Where is this medical office space located?
The property is located at 2817 NE M L KING Blvd Portland, OR.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 1,137‑square‑foot medical office condo; Six private treatment rooms; two have sinks; Three treatment rooms are rented to medical professionals
