NE Portland Office
For Sale
$350,000
4008 NE M L King Blvd, Portland, OR 97212
Office building in Interstate Opportunity Zone with flexible mixed-use potential.
Property Size1,820 SF
Price / SF$192.31
Days on Market235
Property Features for 4008 NE M L King Blvd
General Information
Standard status
Active
Size
1,820 SF
Site & Location
Neighborhood
King
Building Details
Year Built
1910
Listing Agency:
Real Broker
Listed By:
Javier Alomia · License #200503097
(503) 737-8010
Source:
Foxrealestategroups
Added: Mar 5
Changed: Oct 25
Last Checked: Oct 5 at 8:01PM
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 Real Broker
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Investment Insights
Based on property information with market context.
This spacious office building features an open-concept workspace, a conference room, and a kitchen area. It also includes two bathrooms and adjacent off-street parking. Situated in a prime NE Portland corridor within the Interstate Opportunity Zone, the property offers flexible layouts suitable for both open and private offices. Ample amenities support daily operations and collaboration. A tranquil landscaped outdoor space is also available. The site is zoned Commercial Mixed Use 3 (CM3), which allows for retail, office, residential, and mixed-use development, encouraging active streetscapes and a pedestrian-friendly environment. With excellent transit access to major routes and surrounded by an established local business community, this 1820 square foot property presents a compelling opportunity for a wide range of commercial or mixed-use users.
Key Highlights
- Prime NE Portland location within Interstate Opportunity Zone.
- Flexible Commercial Mixed Use 3 (CM3) zoning allows for diverse development options.
- Spacious open‑concept office building suitable for open or private offices.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,559
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,180
$471.2K
Cap Rate 7%
$336,557
$336.6K
Cap Rate 9%
$261,767
$261.8K
Market Conditions
NOI Build-Up for 1,820 SF
Gross rent
$41.5K $22.80/SF
− Vacancy
−$10.1K −$5.54/SF
EGI
$31.4K $17.26/SF
− OpEx
−$7.9K −$4.31/SF
NOI
$23.6K $12.94/SF
Area
Portland, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,180
Cap Rate 7%
$336,557
Cap Rate 9%
$261,767
Alternative Uses
Best Use
Office B
$336.6K
$294.5K – $392.7K
NOI $23,559 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$511.1K
$447.2K – $596.3K
NOI $35,777 @ 7.0% cap · market cap 10.22%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,563
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Office building - Office building in Interstate Opportunity Zone with flexible mixed-use potential.
Where is this office building located?
The property is located at 4008 NE M L King Blvd Portland, OR.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Prime NE Portland location within Interstate Opportunity Zone.; Flexible Commercial Mixed Use 3 (CM3) zoning allows for diverse development options.; Spacious open‑concept office building suitable for open or private offices.
