Auto Body Shop and
For Sale
$4,999,000
7606 Ne M L King Blvd, Portland, OR 97211
For sale auto body shop site with two warehouse buildings, office space, and 12 roll-up doors across seven tax lots.
Property Size32,000 SF
Lot Size1.58 Acres
Price / SF$156.22
Days on Market507
Property Features for 7606 Ne M L King Blvd
General Information
Standard status
Active
Size
32,000 SF
Lot size
1.58 Acres
Site & Location
Neighborhood
Woodlawn
Utilities to Site
Yes
Additional Details
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$16,039
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Bradley King · License #201235429
(503) 313-8262
Source:
Exprealty
Added: Jun 4, 2025
Changed: Oct 21
Last Checked: Oct 21 at 1:02AM
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 Keller Williams Realty Portland Premiere
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Investment Insights
Based on property information with market context.
This for-sale owner-user opportunity is positioned as an auto body shop with two warehouse buildings on a consolidated site. The offering includes seven tax lots totaling 1.58 acres and provides a warehouse building with office space plus an additional warehouse building. Site improvements include 3-phase power, gas fuel service, and a total of 12 roll-up doors to support vehicle-related operations.
The property is located at 7606 NE Martin Luther King Jr Blvd in Portland, Oregon, off a busy commercial corridor.
According to the remarks, the footprint may also be of interest to investors or for redevelopment, supported by the substantial warehouse scale and shared site utilities.
The property is located at 7606 NE Martin Luther King Jr Blvd in Portland, Oregon, off a busy commercial corridor.
According to the remarks, the footprint may also be of interest to investors or for redevelopment, supported by the substantial warehouse scale and shared site utilities.
Key Highlights
- Auto body shop site in Portland off Martin Luther King Jr Blvd, with two warehouse buildings and office space
- 1.58 acres across seven tax lots
- Warehouse building totals: 22,000 SF with office space plus 10,000 SF warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$372,960
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,459,200
$7.5M
Cap Rate 7%
$5,328,000
$5.3M
Cap Rate 9%
$4,144,000
$4.1M
Market Conditions
NOI Build-Up for 32,000 SF
Gross rent
$576.0K $18.00/SF
− Vacancy
−$43.2K −$1.35/SF
EGI
$532.8K $16.65/SF
− OpEx
−$159.8K −$5.00/SF
NOI
$373.0K $11.66/SF
Area
Portland, OR
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,459,200
Cap Rate 7%
$5,328,000
Cap Rate 9%
$4,144,000
Alternative Uses
Best Use
Retail
$5.33M
$4.66M – $6.22M
NOI $372,960 @ 7.0% cap · market cap 7.46%
Second Best
Warehouse
$3.48M
$3.05M – $4.06M
NOI $243,886 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$8.99M
$7.86M – $10.48M
NOI $629,047 @ 7.0% cap · market cap 12.58%
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
Yes
Heavy power
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Well-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 Industrial in Portland, OR
Similar Off Market Nearby
- AG Ward's Auto Body — 810 N Rosa Parks Way, Portland, OR 97217
- Clockn Auto & Truck Repair — 6640 NE Martin Luther King Jr Blvd, Portland, OR 97211
- VIP Collision Center — 6444 NE Martin Luther King Jr Blvd, Portland, OR 97211
- Double J Tire Center — 6841 NE Martin Luther King Jr Blvd, Portland, OR 97211
- WestSide Auto Body & Paint — 6842 NE Martin Luther King Jr Blvd, Portland, OR 97211
Frequently Asked Questions
What type of property is this?
Auto shop - For sale auto body shop site with two warehouse buildings, office space, and 12 roll-up doors across seven tax lots.
Where is this auto shop located?
The property is located at 7606 Ne M L King Blvd Portland, OR.
What is the asking price?
The asking price for this property is $4,999,000.
What are key features of this property?
This property features: Auto body shop site in Portland off Martin Luther King Jr Blvd, with two warehouse buildings and office space; 1.58 acres across seven tax lots; Warehouse building totals: 22,000 SF with office space plus 10,000 SF warehouse
