Back to Search

Versatile Commercial Property in Prime Location

6530 NE Martin Luther King, Portland, OR 97211

View on Map

For Sale

$590,000

CM3-zoned property with office, warehouse, and yard space.

Type:Commercial

Property size:

2,288 SF

Lot size:

0.10 Acres

Price / SF:

$257/SF

HighLights

Prime NE Portland location near NE Martin Luther King Jr. Blvd and NE Rosa Parks Blvd intersection.
CM3 zoning offers versatile usage options (Buyer to verify allowable usage).
High traffic location with 9,059 ADT Volume.
Spacious warehouse featuring 11.6‑foot ceilings, radiant heat floors, and a 10‑foot roll‑up garage door.
Two separate office spaces, each with bathroom and mini‑split heating/cooling.
Fully fenced and gated 45' x 100' lot with large, private open yard.

We can help!

Listing Contact

BARBARA COVERT

Learn more

For Sale

$590,000

CM3-zoned property with office, warehouse, and yard space.

Type:Commercial

Property size:

2,288 SF

Lot size:

0.10 Acres

Price / SF:

$257/SF

Added:: Dec 12, 2025
Days on Market:: 179
Last Refresh:: Apr 5 at 9:13 pm

Property Features for 6530 NE Martin Luther King

General Information

Standard status: Active
Size: 2,288 SF
Lot size: 0.10 Acres
Property subtype: Commercial

Building Details

Year Built: 1940

We can help!

Listing Contact

BARBARA COVERT

Listing agent BARBARA COVERT License #200503009

Listing office RE/MAX EQUITY GROUP

Listing date Dec 12, 2025

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 RE/MAX EQUITY GROUP

HighLights

Prime NE Portland location near NE Martin Luther King Jr. Blvd and NE Rosa Parks Blvd intersection.
CM3 zoning offers versatile usage options (Buyer to verify allowable usage).
High traffic location with 9,059 ADT Volume.
Spacious warehouse featuring 11.6‑foot ceilings, radiant heat floors, and a 10‑foot roll‑up garage door.
Two separate office spaces, each with bathroom and mini‑split heating/cooling.
Fully fenced and gated 45' x 100' lot with large, private open yard.

Overview

This commercial property, zoned CM3, is situated on a 45' x 100' lot near the intersection of NE Martin Luther King Jr. Blvd and NE Rosa Parks Blvd. The fully fenced and gated site features two separate office spaces, each with a bathroom and mini-split heating and cooling. One office includes a loft for additional workspace or storage. The warehouse offers 11.6-foot ceilings, radiant heat floors, a 10-foot roll-up garage door, and a half bath. The property includes a large, open, fully fenced, and private yard. The property's layout and location in NE Portland make it suitable for various uses, including retail sales or service, office space, restaurants or cafes, health or fitness facilities, daycare or childcare centers, community or social services, medical clinics, and religious institutions. Buyers should verify allowable usage. The location experiences high traffic, with an average daily trip volume of 9,059 as of May 8, 2024. The property size is 2288 square feet.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$54.9k	$24.00
− Vacancy	−$5.5k	−$2.40
EGI	$49.4k	$21.60
− OpEx	−$18.5k	−$8.10
NOI	$30.9k	$13.50

2,288 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$441.3K

$386.1K – $514.8K (±1% cap)

NOI $30,888 @ 7.0% cap · market cap 5.24%

Second Best

Office B

$423.1K

$370.2K – $493.6K (±1% cap)

NOI $29,617 @ 7.0% cap · market cap 5.02%

Theoretical Best

Office A

$642.5K

$562.2K – $749.6K (±1% cap)

NOI $44,977 @ 7.0% cap · market cap 7.62%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.644
Latitude: 45.5753

Nearby Similar for Sale

$2,000,000

6,070 SF

Six-Unit Apartment Community

2019-built six-unit community with in-unit laundry and off-street parking on a low-density lot.

8300 SE Flavel St, Portland, OR 97266

View Details
$629,990

3,120 SF

Single-Level Fourplex with Garages

Four 2-bedroom units each with a fenced yard, detached garage, and washer/dryer hookups.

18321 NE WASCO St, Portland, OR 97230

View Details
$4,313,900

11,578 SF

Detached Cottage Multifamily Portfolio

Twelve new construction detached two-bedroom cottages with modern in-unit features and efficient mini-split climate control.

7033 SE 60th Ave, Portland, OR 97206

View Details
$1,739,900

4,868 SF

New Construction Cottage Portfolio

Four detached homes near St. Johns with strong rental potential.

6603 N Seneca St, Portland, OR 97203

View Details
$1,969,900

4,815 SF

New Multifamily Investment by Park

Five-unit townhome investment across from Peninsula Park in Portland, Oregon.

6179 N Albina Ave, Portland, OR 97217

View Details
$899,000

5,982 SF

Versatile Commercial Property with Warehouse

Mixed-use property featuring storefronts, restaurant, and warehouse space.

1218 N Killingsworth Street, Portland, OR 97217

View Details
$2,889,900

7,179 SF

Rose City Park Multifamily Investment

New 7-unit multifamily property in Portland's Rose City Park.

2938 NE 62nd Ave, Portland, OR 97213

View Details
$1,979,900

4,588 SF

New Cottage Homes in Beaumont-Wilshire

Four newly built detached cottage homes in NE Portland.

4895 NE CESAR E CHAVEZ Blvd, Portland, OR 97211

View Details
$1,200,000

3,950 SF

Four-Unit Residential Income Property

Four-unit setup with covered parking and updated exterior elements suitable for income-focused ownership.

12369 SW WALNUT St, Portland, OR 97223

View Details
$589,000

3,111 SF

Craftsman Triplex with Three Meters

1910 Craftsman triplex with three electric meters and hot water tanks, recently improved exterior systems, and interiors needing updates.

535 NE KNOTT St, Portland, OR 97212

View Details
$699,999

3,892 SF

North Portland Mixed-Use Triplex

Cash-flowing triplex with commercial flexibility in a prime location.

7521 N GLOUCESTER Ave N, Portland, OR 97203

View Details
$799,999

3,438 SF

Classic Irvington Duplex with Income

Spacious Portland duplex with market rents and further potential.

1917 1919 NE 10TH Ave NE, Portland, OR 97212

View Details

For sale
Mixed-use properties
OR
Portland
97211
6530 NE Martin Luther King

What type of property is this?

Mixed-use property - CM3-zoned property with office, warehouse, and yard space.

Where is this mixed-use property located?

The property is located at 6530 NE Martin Luther King Portland, OR.

What is the asking price?

The asking price for this property is $590,000.

What are key features of this property?

This property features: Prime NE Portland location near NE Martin Luther King Jr. Blvd and NE Rosa Parks Blvd intersection.; CM3 zoning offers versatile usage options (Buyer to verify allowable usage).; High traffic location with 9,059 ADT Volume.