Property profile

1637 Martin Luther King Blvd Portland, OR 97214

OFF-MARKET
Auto shops
Property ID
US71-0790182
2,400 SF 0.18 ac lot Built 1973
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1973
Total area 2,400 SF
Lot 0.18 ac (8,000 SF)
Zoning code IG1
APN 1S1E03DA 02200
UPID US71-0790182

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1637 Martin Luther King Blvd Portland, OR 97214
Portland metro Census 1102 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$809k
Blend (final) Blend
$770k

Owner & transaction history

since 2013
1 recorded transaction
2013
$750,000

Zoning & alternative use

IG1 · Portland, OR
Zoning description

The General Industrial zones are two of the three zones that implement the Industrial Sanctuary map designation of the Comprehensive Plan. The zones provide areas where most industrial uses may locate, while other uses a…

General category INDUSTRIAL
Top alternative use upside
Retail stores $770,000 +5.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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