Renovated Mixed-Use Building,
1005 N Main Ave Gresham, OR 97030
1005 N Main Ave, Gresham, OR, 97030
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For Sale
Contact for pricing
Fully renovated mixed-use building in downtown Gresham with rental income.
Property Size4,320 SF
Lot Size0.34 Acres
Price / SF$254.63
Days on Market721
Property Features for 1005 N Main Ave
General Information
- Standard status
- Active
- Size
- 4,320 SF
- Lot size
- 0.34 Acres
- Property subtype
- Mixed Use
Listing agency
Kohler Meyers O'Halloran
(503) 661-8000
Listed by
Sue O'Halloran · License #OR 820700012
Source
Crexi
Added: Jul 31, 2024 Updated: Jul 6 at 8:20AM Checked: Jul 19 at 3:38AM
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 Kohler Meyers O'Halloran
Investment Insights
Based on property information with market context.
This is a fully renovated mixed-use building constructed in 1926, situated in downtown Gresham. The building has undergone extensive upgrades in 2023, including new roof, electrical, and HVAC systems, as well as a complete interior renovation. The property features a lot size of 15,000 square feet and a building size of 4,320 square feet. It generates a rental income of $7,500 per month. The property includes on-site parking and drive-thru access from Division Street and N. Main Avenue. The building is ADA compliant.
Key Highlights
- High Rental Income: $7500/month
- Fully Renovated: New roof, electrical, HVAC, and interior in 2023
- Prime Downtown Location: Gresham, with access on Division and N. Main Ave
Local Financial Insights For Mixed Use
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 | $82.9k | $19.20 |
| − Vacancy | −$6.6k | −$1.54 |
| EGI | $76.3k | $17.66 |
| − OpEx | −$28.6k | −$6.62 |
| NOI | $47.7k | $11.04 |
4,320 SF · lease $19.20/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$681.3K
$596.2K – $794.9K
NOI $47,693 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$987.2K
$863.8K – $1.15M
NOI $69,103 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Fully renovated mixed-use building in downtown Gresham with rental income.
Where is this mixed-use property 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: High Rental Income: $7500/month; Fully Renovated: **New roof, electrical, HVAC, and interior in 2023**; Prime Downtown Location: Gresham, with access on Division and N. Main Ave
