Mixed-Use Property with
For Sale
$1,790,000
129 N Main Ave, Gresham, OR 97030
DCC zoning supports office, retail, and multifamily development in downtown Gresham.
Property Size6,750 SF
Price / SF$265.19
Days on Market379
Property Features for 129 N Main Ave
General Information
Standard status
Active
Size
6,750 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
DCC
Site & Location
Neighborhood
Central City
Taxes and HOA fees
Annual Taxes
$14,452
Building Details
Building Size
6,750 SF
Year Built
1916
Buildings
1
Stories
1
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Bela Barany · License #200402072
(503) 504-0209
Source:
Eaglecaprealty
Added: Oct 16, 2025
Changed: Oct 25
Last Checked: Oct 26 at 3:45AM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
At 129 N Main Ave in Gresham, the property comprises two tax lots: a 6,750-square-foot building on a 6,750-square-foot lot, plus a separate 5,000-square-foot parking lot. The building dates to 1916.
The DCC Downtown Commercial Core district is intended for higher-density development, including office, retail, and multifamily residential uses. Under the Downtown Plan District Design Manual, Main Avenue is designated a “unique street.”
The DCC Downtown Commercial Core district is intended for higher-density development, including office, retail, and multifamily residential uses. Under the Downtown Plan District Design Manual, Main Avenue is designated a “unique street.”
Key Highlights
- 6,750‑square‑foot building on a 6,750‑square‑foot lot
- Separate 5,000‑square‑foot parking lot
- DCC zoning: Downtown Commercial Core
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,717
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,494,340
$1.5M
Cap Rate 7%
$1,067,386
$1.1M
Cap Rate 9%
$830,189
$830.2K
Market Conditions
NOI Build-Up for 6,750 SF
Gross rent
$115.0K $17.04/SF
− Vacancy
−$8.3K −$1.23/SF
EGI
$106.7K $15.81/SF
− OpEx
−$32.0K −$4.74/SF
NOI
$74.7K $11.07/SF
Area
Gresham, OR
Vacancy
7.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,494,340
Cap Rate 7%
$1,067,386
Cap Rate 9%
$830,189
Alternative Uses
Best Use
Retail
$1.07M
$934.0K – $1.25M
NOI $74,717 @ 7.0% cap · market cap 4.17%
Second Best
Mixed Use
$1.06M
$931.5K – $1.24M
NOI $74,520 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,973 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,760
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valvoline Instant Oil Change
Shops & Services
1,804 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - DCC zoning supports office, retail, and multifamily development in downtown Gresham.
Where is this mixed-use property located?
The property is located at 129 N Main Ave Gresham, OR.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: 6,750‑square‑foot building on a 6,750‑square‑foot lot; Separate 5,000‑square‑foot parking lot; DCC zoning: Downtown Commercial Core
