Two-Building Retail and Office
For Sale
Contact for pricing
17641-17645 SE Stark Street, Gresham, OR 97233
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$339.32
Days on Market130
Property Features for 17641-17645 SE Stark Street
General Information
Standard status
Active
Size
2,060 SF
Total Parking Spaces
12
Lot size
0.18 Acres
Property subtype
Retail, Office, Mixed Use
Zoning
CMU
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1979
Buildings
2
Tenancy
Multi
Listing Agency:
Think Commercial
Listed By:
Hope Beraka · License #200603056
(503) 847-2722
Source:
Crexi
Added: May 1
Changed: Aug 16
Last Checked: Sep 7 at 4:45AM
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 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
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
$24,399
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
3.49%
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%
$487,980
$488.0K
Cap Rate 7%
$348,557
$348.6K
Cap Rate 9%
$271,100
$271.1K
Market Conditions
NOI Build-Up for 2,060 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
$43.3K $21.00/SF
− Vacancy
−$10.7K −$5.21/SF
EGI
$32.5K $15.79/SF
− OpEx
−$8.1K −$3.95/SF
NOI
$24.4K $11.84/SF
Area
Gresham, OR
Vacancy
24.80%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$487,980
Cap Rate 7%
$348,557
Cap Rate 9%
$271,100
Alternative Uses
Best Use
Office B
$348.6K
$305.0K – $406.7K
NOI $24,399 @ 7.0% cap · market cap 3.49%
Second Best
Retail
$325.8K
$285.0K – $380.1K
NOI $22,803 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$470.7K
$411.9K – $549.2K
NOI $32,952 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Explore this area
Business Placement
Demographics for 97233, OR
41,625
Population
14,844
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
80%
High-School Grad
4.6 sq mi
ZIP Area
9,049
Density / Sq Mi
$54,886
Median Household Income
$37,216
Median Earnings
$1,352
Median Rent
$385,100
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
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 $699,000.
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
