NNN Property with Lease
For Sale
$1,100,000
1300 NE Division St, Gresham, OR 97030
Long-term leased asset with 3% annual rent escalations and a national-company occupant.
Property Size3,780 SF
Days on Market113
Property Features for 1300 NE Division St
General Information
Standard status
Active
Size
3,780 SF
Property subtype
Commercial
Zoning
DEM
Taxes and HOA fees
Annual Taxes
$8,785
Building Details
Building Size
3,780 SF
Year Built
1985
Listing Agency:
Trident Real Estate Solutions
(503) 722-9587
Listed By:
Sandra McLeod · License #200108207
(503) 722-9587
Source:
Metanars
Added: Apr 17
Changed: Aug 5
Last Checked: Aug 6 at 1:23PM
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 Trident Real Estate Solutions
Investment Insights
Based on property information with market context.
This NNN property was built in 1985 and is subject to a long-term lease with a national company. The lease includes 3% annual increases, providing a defined escalation structure for the tenancy.
Located at 1300 NE Division St in Gresham, Oregon, the property carries DEM zoning. The asset is offered for sale as a leased commercial property.
Located at 1300 NE Division St in Gresham, Oregon, the property carries DEM zoning. The asset is offered for sale as a leased commercial property.
Key Highlights
- Long‑term lease with a national company
- 3% annual lease increases
- 1985 construction
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
$41,842
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
3.80%
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%
$836,840
$836.8K
Cap Rate 7%
$597,743
$597.7K
Cap Rate 9%
$464,911
$464.9K
Market Conditions
NOI Build-Up for 3,780 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
$64.4K $17.04/SF
− Vacancy
−$4.6K −$1.23/SF
EGI
$59.8K $15.81/SF
− OpEx
−$17.9K −$4.74/SF
NOI
$41.8K $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 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%
$836,840
Cap Rate 7%
$597,743
Cap Rate 9%
$464,911
Alternative Uses
Best Use
Retail
$597.7K
$523.0K – $697.4K
NOI $41,842 @ 7.0% cap · market cap 3.80%
Second Best
Industrial
$368.4K
$322.4K – $429.8K
NOI $25,790 @ 7.0% cap · market cap 2.34%
Theoretical Best
Office A
$863.8K
$755.8K – $1.01M
NOI $60,465 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,422
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 Retail 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?
NNN property - Long-term leased asset with 3% annual rent escalations and a national-company occupant.
Where is this nnn property located?
The property is located at 1300 NE Division St Gresham, OR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Long‑term lease with a national company; 3% annual lease increases; 1985 construction
