Portland Auto Body Shop
For Sale
$4,999,000
7606 NE M L KING JR, Portland, OR 97211
Auto body shop with warehouses on 1.58 acres for sale.
Property Size32,000 SF
Lot Size1.58 Acres
Price / SF$156.22
Days on Market425
Property Features for 7606 NE M L KING JR
General Information
Standard status
Active
Size
32,000 SF
Lot size
1.58 Acres
Property subtype
Commercial
Building Details
Year Built
1948
Listing Agency:
KELLER WILLIAMS REALTY PORTLAND PREMIERE
(503) 597-2444
Listed By:
BRADLEY KING · License #201235429
Source:
Corcoran
Added: Jun 4, 2025
Changed: Jul 6
Last Checked: Aug 2 at 8:36AM
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.
Located off Martin Luther King Jr Blvd in Portland, this property presents a rare owner-user opportunity for an auto body shop. The site includes 7 tax lots totaling 1.58 acres. It features two warehouse buildings, one 22,000 square feet with office space and another 10,000 square feet. The property is equipped with 3-phase power, gas fuel, and a total of 12 roll-up doors. This property is suitable for investors, owner-users, or redevelopment.
Key Highlights
- 1.58 acres across 7 tax lots in a high‑demand commercial corridor.
- Two warehouse buildings totaling 32,000 SF (22,000 SF with office space and 10,000 SF).
- Ideal for owner‑users, investors, or redevelopment.
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 | $729.6k | $22.80 |
| − Vacancy | −$177.3k | −$5.54 |
| EGI | $552.3k | $17.26 |
| − OpEx | −$138.1k | −$4.31 |
| NOI | $414.2k | $12.94 |
32,000 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$5.92M
$5.18M – $6.90M
NOI $414,230 @ 7.0% cap · market cap 8.29%
Second Best
Retail
$5.33M
$4.66M – $6.22M
NOI $372,960 @ 7.0% cap · market cap 7.46%
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
Current Use
Location Intelligence
Trade Area within ½ mile
498
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 Office in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sal body shop — 3232 NE Columbia Blvd, Portland, OR 97211
- Northwest Truck Trailer Repair — 1650 NE Lombard St, Portland, OR 97211
- EV Rides — 3230 NE Columbia Blvd, Portland, OR 97211
- WINDSHIELD GUYZ — 2250 NE Columbia Blvd, Portland, OR 97211
- Automotive Brothers — portland, or 97211
Frequently Asked Questions
What type of property is this?
Auto shop - Auto body shop with warehouses on 1.58 acres for sale.
Where is this auto shop located?
The property is located at 7606 NE M L KING JR 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: 1.58 acres across 7 tax lots in a high‑demand commercial corridor.; Two warehouse buildings totaling 32,000 SF (22,000 SF with office space and 10,000 SF).; Ideal for owner‑users, investors, or redevelopment.
