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    1225-1235 NE Hogan Dr Gresham, OR

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    For Sale
    $1,600,000

    Multi-tenant retail strip center with investment potential in Gresham, Oregon.

    Property size:
    3,848 SF
    Lot size:
    0.63 Acres

    Property Features for 1225-1235 NE Hogan Dr

    General Information

    Size
    3,848 SF
    Lot size
    0.63 Acres

    Source: Fulcrum Pacific CRE Agent Nicholas "Nick" Bushong

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Strip Center For Sale

    This multi-tenant retail strip center, constructed in 1973, is situated on a 0.57-acre site on Hogan Drive. The property offers visibility and access. The property presents an investment opportunity in the Gresham market. The property includes an existing lottery bar location with 6 machines and a co-tenant on a NNN lease. The lottery bar business is also available for sale. The property size is 3,848 square feet.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Building Supply Hair Salon Auto Repair Shop Nail Salon Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gresham
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.384875
    Latitude
    45.484172

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    FAQs

    What type of property is this?
    Strip mall - Multi-tenant retail strip center with investment potential in Gresham, Oregon.
    Where is this strip mall located?
    The property is located at 1225-1235 NE Hogan Dr Gresham, OR.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Existing lottery bar location with 6 machines; - Multi-tenant retail strip center; - **Strong visibility on Hogan Drive**
    (503) 778-0362
    Request Owner's contact information
    1225-1235 NE Hogan Dr Gresham, OR
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    Realmo Value Estimation

    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.

    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.

    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
    1225-1235 NE Hogan Dr Gresham, OR
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