Renovated Office
For Sale
$1,100,000
1005 N MAIN Ave, Gresham, OR 97030
CommercialSale, Gresham, OR
Property Size4,224 SF
Lot Size0.35 Acres
Price / SF$260.42
Days on Market1167
Property Features for 1005 N MAIN Ave
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
DCC
Directions
Burnside or Division to N. Main Ave. Corner of Main and Divsion
Subdivision
_144
Standard status
Active
APN
R253468
Size
4,224 SF
Lot size
0.35 Acres
Taxes and HOA fees
Tax Description
REGNERS ADD, BLOCK 5, LOT 1, LOT 2 EXC PT IN HWY
Tax Annual Amount
7027
Legal Description
REGNERS ADD, BLOCK 5, LOT 1, LOT 2 EXC PT IN HWY
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
corner monument sign
Building Details
Year built
1923
Floors in Building
2
Building materials
CementSiding, Concrete, FullBasement
Roof type
Composition
Listing Agency:
Kohler Meyers O'Halloran Inc.
(503) 661-8000
Listed By:
Suzanne O'Halloran · License #820700012
(503) 667-0850
Added: Aug 7, 2023
Changed: Oct 10
Last Checked: Oct 16 at 12:06PM
MLS# 23560222
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,224-square-foot office property occupies a 0.35-acre double lot and was renovated in 2023. The building includes a full basement, forced-air heating, central air conditioning, concrete and cement siding construction, and a composition roof. Current shorter-term leases provide an existing occupancy component for an office user or investor.
The property is positioned at 1005 N MAIN Ave in Gresham, with access from both Division and N. Main. It is across from Gresham High School and within the Historic Downtown Gresham Corridor. The site includes 24 onsite parking spaces and a corner monument sign. DCC zoning is reported for the property.
The property is positioned at 1005 N MAIN Ave in Gresham, with access from both Division and N. Main. It is across from Gresham High School and within the Historic Downtown Gresham Corridor. The site includes 24 onsite parking spaces and a corner monument sign. DCC zoning is reported for the property.
Key Highlights
- 4,224‑square‑foot office building on a 0.35‑acre double lot
- Renovated in 2023
- Access from both Division and N. Main
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,095
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,900
$1.1M
Cap Rate 7%
$787,071
$787.1K
Cap Rate 9%
$612,167
$612.2K
Market Conditions
NOI Build-Up for 4,224 SF
Gross rent
$78.6K $18.60/SF
− Vacancy
−$5.1K −$1.21/SF
EGI
$73.5K $17.39/SF
− OpEx
−$18.4K −$4.35/SF
NOI
$55.1K $13.04/SF
Area
Gresham, OR
Vacancy
6.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,101,900
Cap Rate 7%
$787,071
Cap Rate 9%
$612,167
Alternative Uses
Best Use
Specialty Retail
$787.1K
$688.7K – $918.3K
NOI $55,095 @ 7.0% cap · market cap 5.01%
Second Best
Office B
$714.7K
$625.4K – $833.8K
NOI $50,029 @ 7.0% cap · market cap 4.55%
Theoretical Best
Office A
$965.2K
$844.6K – $1.13M
NOI $67,567 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,234
Businesses Nearby
Explore this area
Business Placement
Demographics for 97030, OR
39,492
Population
16,500
Households
2.4
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
7.5 sq mi
ZIP Area
5,266
Density / Sq Mi
$61,793
Median Household Income
$40,352
Median Earnings
$1,604
Median Rent
$418,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office units - Corner office property with dual-street access, onsite parking, and a monument sign.
Where is this office units located?
The property is located at 1005 N MAIN Ave Gresham, OR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,224‑square‑foot office building on a 0.35‑acre double lot; Renovated in 2023; Access from both Division and N. Main
