Freestanding Retail
For Sale
Contact for pricing
1675 NE Hogan Dr, Gresham, OR 97030
Freestanding retail storefront with off-street parking and street frontage.
Property Size1,147 SF
Price / SF$391.46
Days on Market480
Property Features for 1675 NE Hogan Dr
General Information
Standard status
Active
Size
1,147 SF
Property subtype
RETAIL
Additional Details
Road Access
Yes
Building Details
Buildings
1
Listing Agency:
Macadam Forbes
(503) 972-7277
Listed By:
Clayton Madey · License #201727196
Source:
Moodyscre
Added: Apr 10, 2025
Changed: Jul 31
Last Checked: Aug 1 at 2:42PM
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 Macadam Forbes
Investment Insights
Based on property information with market context.
This freestanding retail storefront includes street frontage and off-street parking, offering a straightforward setup for retail users seeking direct access to the surrounding area.
The property is positioned for convenient customer approach, supported by its street frontage and dedicated off-street parking. It functions as a complete building option rather than a shared or multi-tenant space.
With a single building configuration and off-street parking available on-site, this property can be a practical fit for retail operations that want their own standalone presence.
The property is positioned for convenient customer approach, supported by its street frontage and dedicated off-street parking. It functions as a complete building option rather than a shared or multi-tenant space.
With a single building configuration and off-street parking available on-site, this property can be a practical fit for retail operations that want their own standalone presence.
Key Highlights
- Freestanding building
- Street frontage
- Off‑street parking
Financial Insights For Retail
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 | $19.5k | $17.04 |
| − Vacancy | −$1.4k | −$1.23 |
| EGI | $18.1k | $15.81 |
| − OpEx | −$5.4k | −$4.74 |
| NOI | $12.7k | $11.07 |
1,147 SF · lease $17.04/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$181.4K
$158.7K – $211.6K
NOI $12,696 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$262.1K
$229.3K – $305.8K
NOI $18,347 @ 7.0% cap · market cap 4.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,104
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 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?
Storefront property - Freestanding retail storefront with off-street parking and street frontage.
Where is this storefront property located?
The property is located at 1675 NE Hogan Dr Gresham, OR.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Freestanding building; Street frontage; Off‑street parking
