Commercial Building on Powell
For Sale
$1,350,000
1294 E POWELL, Gresham, OR 97030
Well-maintained commercial building with high visibility and easy highway access.
Property Size7,245 SF
Lot Size0.51 Acres
Price / SF$186.34
Days on Market107
Property Features for 1294 E POWELL
General Information
Standard status
Active
Size
7,245 SF
Lot size
0.51 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,508
Amenities
Central air
Air Conditioning Ready Cooling
Exhaust Fan Cooling
Flat Roof
Forced Air Heating
Membrane Roof
On Site
On street
Rubber Roof
Zoned Heating
Building Details
Year Built
1986
Listing Agency:
OREGON DIGS REAL ESTATE
(503) 239-7400
Listed By:
ROBERT ASCHERIN
Source:
Corcoran
Added: May 12
Changed: Aug 25
Last Checked: Aug 25 at 7:47AM
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 OREGON DIGS REAL ESTATE
Investment Insights
Based on property information with market context.
This well-maintained commercial building is located on East Powell Blvd, offering high visibility and excellent exposure. Situated on a 0.51-acre lot, the tilt-up concrete building features a new roof installed in late 2019, complete with new insulation. The interior includes a large lobby, two private offices, two bathrooms, and an oversized, fully finished room suitable for retail, showroom, office, or flex use. The property also provides ample warehouse space with a ceiling height of over 20 feet, updated lighting, and one large roll-up door. The property is located just west of Hogan, with convenient access to I-205 and I-84. This property presents a great opportunity for either an owner-user or as an investment.
Key Highlights
- High‑traffic location on East Powell Blvd with excellent visibility and easy access to I‑205 and I‑84.
- Versatile space suitable for owner‑user or investment, ideal for retail/showroom, office, or flex use.
- Ample warehouse space with 20'+ ceiling height and one large roll‑up door.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,220
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,344,400
$1.3M
Cap Rate 7%
$960,286
$960.3K
Cap Rate 9%
$746,889
$746.9K
Market Conditions
NOI Build-Up for 7,245 SF
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.
Gross rent
$113.0K $15.60/SF
− Vacancy
−$9.6K −$1.33/SF
EGI
$103.4K $14.27/SF
− OpEx
−$36.2K −$5.00/SF
NOI
$67.2K $9.28/SF
Area
Gresham, OR
Vacancy
8.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,344,400
Cap Rate 7%
$960,286
Cap Rate 9%
$746,889
Alternative Uses
Best Use
Flex RnD
$960.3K
$840.3K – $1.12M
NOI $67,220 @ 7.0% cap · market cap 4.98%
Second Best
Industrial
$706.2K
$617.9K – $823.9K
NOI $49,431 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,891 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,760
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Nicholas Restaurant - Lebanese & Mediterranean Cuisine — 323 N Main Ave, Gresham, OR 97030
Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained commercial building with high visibility and easy highway access.
Where is this flex space located?
The property is located at 1294 E POWELL Gresham, OR.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: High‑traffic location on East Powell Blvd with excellent visibility and easy access to I‑205 and I‑84.; Versatile space suitable for owner‑user or investment, ideal for retail/showroom, office, or flex use.; Ample warehouse space with **20'+ ceiling height and one large roll‑up door.**
