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    501-507 E Powell Blvd Gresham, OR

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    For Lease
    $1,100,000

    Newly renovated retail space with high visibility and ample parking.

    Property size:
    3,055 SF
    Lot size:
    0.11 Acres

    Property Features for 501-507 E Powell Blvd

    General Information

    Size
    3,055 SF
    Lot size
    0.11 Acres

    Source: Apex Real Estate Partners Agent Tom Shimota

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

    Overview

    Renovated Retail Space For Lease

    This newly renovated retail space, updated in 2024, is available for lease or sale. The main level offers approximately 2,925 square feet and is divisible. The lower level provides an additional 3,055 square feet. The property features excellent window lines and abundant natural light. Benefiting from prime street frontage, the location offers high visibility with traffic counts exceeding 25,500 vehicles per day. There is an excellent signage opportunity. Five on-site parking stalls are available, supplemented by ample street parking. This location is suitable for a restaurant, bar, entertainment venue, or retail shopping. The TriMet MAX line is within five blocks, and a bus line is conveniently located just steps away.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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?
    Retail space - Newly renovated retail space with high visibility and ample parking.
    Where is this retail space located?
    The property is located at 501-507 E Powell Blvd Gresham, OR.
    What are key features of this property?
    This property features: - Newly renovated in 2024; - Prime street frontage & visibility with high traffic counts (25,500+ cars/day); - ± 2,925 SF Main Level (Divisible) and ± 3,055 SF Lower Level
    (503) 709-3689
    Request Owner's contact information
    501-507 E Powell Blvd Gresham, OR
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    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
    501-507 E Powell Blvd Gresham, OR
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