Gresham Commercial Property Near
For Sale
$1,499,000
500 Northwest 20th Street, Gresham, OR 97030
Single-story building with lower office/storage, near Burnside and MAX.
Property Size7,824 SF
Price / SF$191.59
Days on Market188
Property Features for 500 Northwest 20th Street
General Information
Standard status
Active
Size
7,824 SF
Property subtype
Office
Listing Agency:
(503) 523-7751
Listed By:
McCoy Doerrie, SIOR
(503) 523-7751
Source:
Corfac
Added: Jan 26
Changed: Jul 10
Last Checked: Aug 2 at 4:06AM
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 McCoy Doerrie, SIOR
Investment Insights
Based on property information with market context.
This commercial property features a single-story building with a lower office and storage area. The building is located one block north of Burnside and is within walking distance of MAX. The exterior of the building has been recently painted. The property is located on Farris Road at NW 20th St. The property size is 7824 square feet.
Key Highlights
- Prime commercial property location just one block north of Burnside.
- Walking distance to MAX (light rail).
- Single‑story building with lower office/storage area.
Financial Insights For Office B
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 | $164.3k | $21.00 |
| − Vacancy | −$40.7k | −$5.21 |
| EGI | $123.6k | $15.79 |
| − OpEx | −$30.9k | −$3.95 |
| NOI | $92.7k | $11.84 |
7,824 SF · lease $21.00/SF/yr · vacancy 24.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.32M
$1.16M – $1.54M
NOI $92,667 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.79M
$1.56M – $2.09M
NOI $125,153 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,414
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Single-story building with lower office/storage, near Burnside and MAX.
Where is this office building located?
The property is located at 500 Northwest 20th Street Gresham, OR.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Prime commercial property location just one block north of Burnside.; Walking distance to MAX (light rail).; Single‑story building with lower office/storage area.
