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 Market461
Property Features for 7606 Ne M L King Blvd
General Information
Standard status
Active
Size
32,000 SF
Lot size
1.58 Acres
Additional Details
Utilities to Site
Yes
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: Sep 6
Last Checked: Sep 6 at 10:05AM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$372,960
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
