Two-Building Retail and Office
17641-17645 SE Stark Street Gresham, OR 97233
For Sale
Contact for pricing
For sale two-building commercial site with garage, strong street frontage, and access near MAX Blue Line and bus service.
Property Size2,060 SF
Lot Size0.18 Acres
Price / SF$359.22
Days on Market84
Property Features for 17641-17645 SE Stark Street
General Information
- Standard status
- Active
- Size
- 2,060 SF
- Lot size
- 0.18 Acres
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1979
Listing Agency:
Think Commercial
(503) 847-2722
Listed By:
Hope Beraka · License #200603056
Source:
Crexi
Added: May 1
Changed: Jul 23
Last Checked: Jul 23 at 2:22PM
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 Think Commercial
Investment Insights
Based on property information with market context.
Situated at 17641-17645 SE Stark Street, this for-sale commercial property consists of two separate buildings plus a garage. The site is located on a 7,823 SF lot and includes frontage and visibility along SE Stark.
The property is in the Rockwood neighborhood of unincorporated Multnomah County. It is described as minutes from I-205 and Highway 26, with TriMet MAX Blue Line service and frequent bus service nearby, supporting convenient customer and employee access.
For qualified buyers, seller-carried financing is available.
The property is in the Rockwood neighborhood of unincorporated Multnomah County. It is described as minutes from I-205 and Highway 26, with TriMet MAX Blue Line service and frequent bus service nearby, supporting convenient customer and employee access.
For qualified buyers, seller-carried financing is available.
Key Highlights
- Two‑building commercial property built in 1979, plus a garage
- 7,823 SF lot with strong street frontage along SE Stark
- Convenient access near I‑205 and Highway 26
Financial Insights For Office B
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 | $43.3k | $21.00 |
| − Vacancy | −$10.7k | −$5.21 |
| EGI | $32.5k | $15.79 |
| − OpEx | −$8.1k | −$3.95 |
| NOI | $24.4k | $11.84 |
2,060 SF · lease $21.00/SF/yr · vacancy 24.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$348.6K
$305.0K – $406.7K
NOI $24,399 @ 7.0% cap · market cap 3.30%
Second Best
Retail
$325.8K
$285.0K – $380.1K
NOI $22,803 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$470.7K
$411.9K – $549.2K
NOI $32,952 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - For sale two-building commercial site with garage, strong street frontage, and access near MAX Blue Line and bus service.
Where is this retail space located?
The property is located at 17641-17645 SE Stark Street Gresham, OR.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Two‑building commercial property built in 1979, plus a garage; 7,823 SF lot with strong street frontage along SE Stark; Convenient access near I‑205 and Highway 26
