Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5832 M L King Blvd Portland, OR 97211-3118
    Back to Search
    Property profile & analytics

    5832 M L King Blvd, Portland, OR 97211-3118

    View on Map
    • Retail space
    • 1,928 SF
    • 0.10 lot acres
    Off-Market
    Property ID
    US71-1802621
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 5832 M L King Blvd

    Year built
    1967
    Lot size
    0.10 lot acres
    Zone code
    CGDH
    Property type
    Retail space
    APN
    1N1E14CC 05300
    APU
    1N1E14CC05300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 21, 2006 $740,000 City Rose Trade LLC Bayann Properties LLC Warranty Deed $777k · California Bank & Trust
    Sep 19, 2005 — Bayann Properties LLC — Trustees Deed · related $130k · Town Center Bank
    Mar 29, 2004 — Bayann Properties LLC Al-khatib,maher Grant Deed · related —
    Sep 29, 2003 $246,000 Maher Alkhatib Griffith,philip D Grant Deed $185k · Town Center Bank
    Mar 1, 1996 $130,000 Philip D Griffith Johnson,horace T Grant Deed $90k · Individual
    — — Philip D Griffith — Deed Of Trust · related $500k · Key Bank NA

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.661
    Latitude
    45.5654
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,087
    $0.00
    $0.00
    $116,480
    -
    $155,780
    $1,001,400
    $1,157,180

    Comparable in this City

    • Value Estimation by Request
      0.03 Acres

      9505 Wi Ne Vancouver Way

      RETAIL STORES (PERSONAL SERVICES)
      9505 Wi Ne Vancouver Way, Portland, OR 97211
      View Details
    • Value Estimation
      $580,000
      3,280 SF

      2726 Alberta St

      RETAIL STORES (PERSONAL SERVICES)
      2726 Alberta St, Portland, OR 97211-6349
      View Details
    • Value Estimation
      $3,380,000
      13,456 SF

      2236 Alberta St

      RETAIL STORES (PERSONAL SERVICES)
      2236 Alberta St, Portland, OR 97211-5852
      View Details
    • Value Estimation
      $2,835,000
      6,995 SF

      909 Alberta St

      RETAIL STORES (PERSONAL SERVICES)
      909 Alberta St, Portland, OR 97211-4531
      View Details
    • Value Estimation by Request
      2,500 SF

      1834 Alberta St

      RETAIL STORES (PERSONAL SERVICES)
      1834 Alberta St, Portland, OR 97211-5804
      View Details
    • Value Estimation by Request
      1,750 SF

      3024 Alberta St

      RETAIL STORES (PERSONAL SERVICES)
      3024 Alberta St, Portland, OR 97211-7036
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,447 SF

      Retail Opportunity in Alberta Core

      Retail property in a high-traffic, walkable Portland neighborhood.
      1701 NE Alberta St, Portland, OR 97211
      View Details
    • New
      $30,875,000
      67,286 SF

      Mixed-Use Residential and Retail Portfolio

      Portfolio of nine newly built buildings offering townhomes, apartments, and retail space for diversified ownership.
      2425 NE Alberta St, Portland, OR 97211
      View Details
    • New
      $9,599,900
      22,241 SF

      Newly Constructed Apartment Building with Retail

      New 32-unit apartment building with two on-site retail spaces, elevator access, and outdoor common area.
      2465 NE Alberta St, Portland, OR 97211
      View Details
    • New
      $1,399,999

      Alberta Arts District Commercial Opportunity

      Large commercial property in Portland's vibrant Alberta Arts District.
      2812 NE Alberta St, Portland, OR 97211
      View Details
    • Contact for pricing
      3,800 SF

      Alberta Arts District Commercial Property

      Large commercial property in Portland's vibrant Alberta Arts District.
      2812 NE Alberta St, Portland, OR 97211
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,334 SF

      Retail Space with Hood System

      Retail space featuring operable storefront windows and Type 2 hood.
      2924 NE Alberta St, Portland, OR 97211
      View Details
    • Contact for pricing
      1,320 SF

      Retail Space in Portland, Oregon

      Retail space available for lease in Portland, Oregon.
      405 NE Mason St, Portland, OR 97211
      View Details
    • Contact for pricing
      1,357 SF

      Retail Space with Natural Light

      Retail space featuring natural light and kitchenettes for rent.
      2001-2017 NE Alberta St, Portland, OR 97211
      View Details
    • Contact for pricing
      2,080 SF

      Renovated Retail and Office Space

      Recently renovated retail and creative office space for lease.
      2904 NE Alberta St, Portland, OR 97211
      View Details
    • Contact for pricing
      1,321 SF

      Retail Space in High-Traffic Area

      Retail space available in a New Seasons-anchored neighborhood center.
      3318-3334 NE Killingsworth St, Portland, OR 97211
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail space available for lease in Portland, Oregon.
      2465 NE Alberta St, Portland, OR 97211
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5832 M L King Blvd
    Portland, OR 97211-3118
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5832 M L King Blvd, Portland, OR, 97211
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!