Corner Retail
117 NE ROBERTS Ave, Gresham, OR 97030
For Sale
New
$1,350,000
CommercialSale, Gresham, OR
Property Size7,874 SF
Lot Size0.19 Acres
Price / SF$171.45
Days on Market3
Property Features for 117 NE ROBERTS Ave
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Corner Location
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Amenities
full walk-in cooler
full bar area
loading ramp
Building Details
Year built
Floors in Building
Roof type
Listing Agency:
John L. Scott Portland Metro
(503) 665-0111
Listed By:
Kenneth Cahill · License OR #930400123
(503) 680-4800
Added: Nov 11
Last Checked: Nov 13 at 11:06PM
MLS# 231282024
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.
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Investment Insights
Based on property information with market context.
This 7,874-square-foot retail building occupies a 0.19-acre corner parcel in downtown Gresham. Its floorplan supports division into separate lease areas, and the property has four electric meters, a full-size walk-in cooler, and a bar area. Forced-air heating and central air conditioning serve the building, which was built in 1952 and has a built-up roof. Exterior paint has been refreshed in recent years.
A loading ramp is positioned along the 2nd Street side. Public parking is accessible nearby, with additional street parking in the area. The property is zoned DCC.
A loading ramp is positioned along the 2nd Street side. Public parking is accessible nearby, with additional street parking in the area. The property is zoned DCC.
Key Highlights
- 7,874‑square‑foot retail building on a 0.19‑acre corner parcel
- Floorplan allows for separate lease areas, with four electric meters
- Includes a full walk‑in cooler and bar area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,159
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,743,180
$1.7M
Cap Rate 7%
$1,245,129
$1.2M
Cap Rate 9%
$968,433
$968.4K
Market Conditions
NOI Build-Up for 7,874 SF
Gross rent
$134.2K $17.04/SF
− Vacancy
−$9.7K −$1.23/SF
EGI
$124.5K $15.81/SF
− OpEx
−$37.4K −$4.74/SF
NOI
$87.2K $11.07/SF
Area
Gresham, OR
Vacancy
7.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,743,180
Cap Rate 7%
$1,245,129
Cap Rate 9%
$968,433
Alternative Uses
Best Use
Retail
$1.25M
$1.09M – $1.45M
NOI $87,159 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,953 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,707
Businesses Nearby
124k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 64%
Apparel 36%
Ross Dress for Less
Apparel
43,687 visits/mo
0.3 miles
Dollar Tree
Shops & Services
24,622 visits/mo
0.3 miles
PetSmart
Shops & Services
20,554 visits/mo
0.2 miles
Plaid Pantry
Shops & Services
8,676 visits/mo
0.4 miles
Chevron
Shops & Services
8,104 visits/mo
0.1 miles
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
$418,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Retail space in Multnomah County, OR
Properties on Market for Retail space in Multnomah County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - The interior layout can accommodate separate leasing areas, with four electric meters and existing bar and cooler features.
Where is this retail space located?
The property is located at 117 NE ROBERTS Ave Gresham, OR.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 7,874‑square‑foot retail building on a 0.19‑acre corner parcel; Floorplan allows for separate lease areas, with four electric meters; Includes a full walk‑in cooler and bar area
