Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    500 Northwest 20th Street Gresham, OR 97030

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,499,000

    Single-story building with lower office/storage, near Burnside and MAX.

    Type:Office
    Property size:
    7,824 SF
    Price / SF:
    $191/SF
    Added:
    Jan 26, 2026
    Days on Market:
    94
    Last Refresh:
    Apr 5 at 8:40 pm

    Property Features for 500 Northwest 20th Street

    General Information

    Standard status
    Active
    Size
    7,824 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    McCoy Doerrie, SIOR

    Listing agent McCoy Doerrie, SIOR

    Listing office

    Listing date Jan 26, 2026

    Source Corfac

    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

    Overview

    Gresham Commercial Property Near Burnside

    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.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Dental Office Spa & Massage Center Building Supply Hair Salon Auto Repair Shop Nail Salon Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gresham
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.431
    Latitude
    45.5092

    Nearby Similar for Sale

    • $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
    • $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
    • $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
    • $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
    • $2,999,999
      17,800 SF

      Downtown Gresham Retail Investment Opportunity

      17,800 SF retail building in Gresham's historic downtown.
      211 NE Roberts Ave, Gresham, OR 97030
      View Details
    • Contact for pricing

      Gresham Industrial Buildings For Sale

      Industrial buildings in Gresham Enterprise Zone with E-Commerce overlay.
      NE 172nd Place & NE 170th Place, Gresham, OR 97230
      View Details

    FAQs

    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.
    (503) 517-7120
    We can help!
    Listing Contact
    McCoy Doerrie, SIOR
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!