Portland Industrial Warehouse with
For Sale
Contact for pricing
4401 Wi NE Martin Luther King Blvd, Portland, OR
34,157 SF industrial warehouse with office space for sale.
Property Size34,157 SF
Lot Size1.54 Acres
Price / SF$152.09
Days on Market1074
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
Listing Agency:
Capacity Commercial Group
(503) 326-9000
Listed By:
Nicholas Diamond
Source:
Moodyscre
Added: Aug 25, 2023
Changed: Jul 6
Last Checked: Jul 21 at 6:54AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
NOI $442,152 @ 7.0% cap · market cap 8.51%
Second Best
Warehouse
$3.72M
$3.25M – $4.34M
NOI $260,326 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$9.59M
$8.39M – $11.19M
NOI $671,449 @ 7.0% cap · market cap 12.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
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.
