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    4401 Martin Luther King Jr Blvd Portland, OR 97211

    Sponsored
    For Sale
    $5,975,000

    Portland Flex Warehouse, Investment Opportunity

    Property size:
    34,157 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.54-acre property, located at 4401 NE Martin Luther King Jr Blvd in Portland, Oregon's King District, presents a unique opportunity for owner-users, developers, or investors. The site boasts high visibility on a major thoroughfare with over 58,000 vehicles passing daily. Currently featuring a 34,157 square foot industrial warehouse with office space and 40+ off-street parking spaces, the property is being offered at a significantly reduced price of $5,975,000 ($174.93 per square foot). The existing building offers ample space for immediate occupancy or repurposing. The CM3 zoning allows for a wide range of uses, including retail, office, and residential development, making this a versatile investment. The property's 3:1 base and 5:1 bonus floor area ratio (FAR) provides significant development potential. The parcel's size (67,082 square feet) and the building's existing infrastructure make this a compelling opportunity in a rapidly growing area. The property includes one loading dock and one dock-high door. The Multnomah County Assessor's Parcel Number (APN) is R120833. This is a rare chance to acquire a prime location with significant upside potential. The property will be delivered vacant.

    Property Features for 4401 Martin Luther King Jr Blvd

    General Information

    Property type
    Distribution properties
    Square Feet
    34,157 SF
    Lot Size
    67,082 SF

    Building Details

    Buildings
    1
    Stories
    2

    HighLights

    • Reduced price: $5,975,000 (previously $6,500,000).
    • 1.54‑acre lot (67,082 square feet).
    • 34,157‑square‑foot building ($175 per square foot).
    • 3:1 base FAR, 5:1 bonus FAR.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.6624127
    Latitude
    45.55457732

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    FAQs

    What type of property is this?
    Distribution property - Portland Flex Warehouse, Investment Opportunity
    Where is this distribution property located?
    The property is located at 4401 Martin Luther King Jr Blvd Portland, OR.
    What is the asking price?
    The asking price for this property is $5,975,000.
    What are key features of this property?
    This property features: Reduced price: $5,975,000 (previously $6,500,000).; 1.54-acre lot (67,082 square feet).; 34,157-square-foot building ($175 per square foot).
    Request Owner's contact information
    4401 Martin Luther King Jr Blvd Portland, OR 97211
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    Portland, OR 97211
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4401 Martin Luther King Jr Blvd Portland, OR 97211
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