Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    Gresham , OR 97030 Gresham, OR 97030

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    5,580 SF commercial building in downtown Gresham, Oregon.

    Type:Retail
    Added:
    Nov 25, 2025
    Days on Market:
    161
    Last Refresh:
    Apr 5 at 10:11 pm

    Property Features

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    Joe Kappler

    Listing agent Joe Kappler License #OR #200605069

    Listing office

    Listing date Nov 25, 2025

    Source Macadamforbes

    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 Joe Kappler

    Overview

    Gresham Retail Building For Sale

    This 5,580 square foot commercial building is located on NW 1st Street in downtown Gresham, Oregon, just a half block West of N Main Avenue, offering good street visibility. The property is a 3-tenant retail building, providing flexibility for an owner-occupier or lease renewals. The well-maintained building has been owned and managed by the original developing families. The roof was replaced in 2007, and two new HVAC units were installed, one in 2022 and the other in 2023. Short-term leases are currently in place. The property is located next to a city parking lot. The current annual gross income is $74,160. Property taxes are $12,605.08.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Map

    City
    Gresham
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.431
    Latitude
    45.5092

    Nearby Similar for Sale

    • $815,000
      3,840 SF

      Gresham Multifamily Investment Opportunity

      Fully leased 4-unit property near downtown Gresham.
      1546 NE CLEVELAND Ave, Gresham, OR 97030
      View Details
    • $799,999
      2,164 SF

      Remodeled Four-Unit Multifamily Property

      Fully remodeled four-unit property in the heart of Gresham.
      234 NE CLEVELAND Ave, Gresham, OR 97030
      View Details
    • $950,000
      4,124 SF

      Updated Office Space For Sale

      Prime updated office space with flexible zoning and layout.
      2010 SE 182ND, Gresham, OR 97233
      View Details
    • $1,750,000
      4,436 SF

      Turnkey Auto Dealership Opportunity

      High-traffic location with DCL zoning permitting outdoor commercial sales.
      786 NE BURNSIDE, Gresham, OR 97030
      View Details
    • $1,499,000
      7,824 SF

      Gresham Commercial Property Near Burnside

      Single-story building with lower office/storage, near Burnside and MAX.
      500 Northwest 20th Street, Gresham, OR 97030
      View Details
    • $2,999,999
      17,800 SF

      Downtown Gresham Commercial Building For Sale

      Former Discounts Plus building in Gresham's historic downtown commercial corridor.
      211 NE Roberts Ave, Gresham, OR 97030
      View Details
    • $450,000

      Gresham Duplex with Rental History

      Well-maintained duplex with long-term tenants and new roof.
      970 NW WONDERVIEW Ct, Gresham, OR 97030
      View Details
    • $1,850,000
      6,573 SF

      Downtown Gresham Investment Opportunity

      Turnkey medical office building with redevelopment potential.
      400 NE Roberts, Gresham, OR 97030
      View Details
    • Contact for pricing

      Freestanding Building on Mount Hood Highway

      Highly visible building with frontage and on-site parking.
      735 SE Mount Hood Highway, Gresham, OR 97080
      View Details
    • $2,700,000
      14,400 SF

      Gresham Industrial Flex Space Available

      Versatile industrial property with warehouse and office space for sale.
      21640 SE Stark St, Gresham, OR 97030
      View Details
    • $1,399,999
      9,200 SF

      Well-Maintained Commercial Building For Sale

      Commercial building with short-term leases and retail storefronts.
      137 Wi N Main Ave, Gresham, OR
      View Details
    • $700,000
      1,996 SF

      Gresham Medical Office Building For Sale

      1,996 SF medical office building with ample parking.
      21511 SE STARK ST, Gresham, OR 97030
      View Details

    FAQs

    What type of property is this?
    Storefront property - 5,580 SF commercial building in downtown Gresham, Oregon.
    Where is this storefront property located?
    The property is located at Gresham, OR.
    What are key features of this property?
    This property features: Prime downtown Gresham location on NW 1st Street with high street visibility; Well‑maintained 5,580 SF commercial building; Opportunity for owner‑occupancy or lease renewal flexibility with 3‑tenant structure
    (503) 972-7294
    We can help!
    Listing Contact
    Joe Kappler
    Real Estate License ID: OR #200605069
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Gresham , OR 97030
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!