Restaurant Building with Large
For Sale
$1,200,000
7332 NE M L KING BLVD, Portland, OR 97211
Operating restaurant property with a large kitchen, basement space, and on-site parking.
Property Size2,950 SF
Days on Market49
Property Features for 7332 NE M L KING BLVD
General Information
Standard status
Active
Size
2,950 SF
Property subtype
Commercial
Zoning
CEdh (MU-C)
Property Condition
Severity
Repairs Needed
Evidence
Building can be improved with some updates.
Site & Location
Neighborhood
Woodlawn
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$7,435
Building Details
Building Size
2,950 SF
Year Built
1958
Listing Agency:
RE/MAX Equity Group
Listed By:
Jessica Hur · License #881200144
(503) 502-2525
Source:
Currangrouprealtors
Added: Sep 11
Changed: Oct 26
Last Checked: Oct 28 at 2:35PM
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
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Investment Insights
Based on property information with market context.
This restaurant property includes an operating teriyaki restaurant, a substantial kitchen, and a building totaling 2,950 square feet. The building also contains 588 square feet of basement area and dates to 1958. Existing operations include a video poker machine, with current hours limited by weekend closures and weekday closing at 7:00 p.m. The business hours may be extended, and the building could benefit from updates.
Located at 7332 NE M L King Boulevard in Portland, the property includes ample parking. Zoning is identified as CEdh (MU-C), subject to confirmation with the City. Inventory is handled separately, and financial information requires a signed NDA.
Located at 7332 NE M L King Boulevard in Portland, the property includes ample parking. Zoning is identified as CEdh (MU-C), subject to confirmation with the City. Inventory is handled separately, and financial information requires a signed NDA.
Key Highlights
- 2,950‑square‑foot restaurant building
- 588 square feet of basement space included in the building area
- Large kitchen supports the existing teriyaki restaurant operation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,719
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,380
$794.4K
Cap Rate 7%
$567,414
$567.4K
Cap Rate 9%
$441,322
$441.3K
Market Conditions
NOI Build-Up for 2,950 SF
Gross rent
$56.6K $19.20/SF
− Vacancy
−$3.7K −$1.25/SF
EGI
$53.0K $17.95/SF
− OpEx
−$13.2K −$4.49/SF
NOI
$39.7K $13.46/SF
Area
Portland, OR
Vacancy
6.50%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$794,380
Cap Rate 7%
$567,414
Cap Rate 9%
$441,322
Alternative Uses
Best Use
Specialty Retail
$567.4K
$496.5K – $662.0K
NOI $39,719 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$828.4K
$724.9K – $966.5K
NOI $57,990 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
576
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97211, OR
33,762
Population
15,106
Households
2.2
Avg Household Size
38
Median Age
56%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,755
Density / Sq Mi
$109,604
Median Household Income
$59,171
Median Earnings
$1,818
Median Rent
$616,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Portland, OR
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating restaurant property with a large kitchen, basement space, and on-site parking.
Where is this conventional restaurant located?
The property is located at 7332 NE M L KING BLVD Portland, OR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 2,950‑square‑foot restaurant building; 588 square feet of basement space included in the building area; Large kitchen supports the existing teriyaki restaurant operation
