Flex Retail and Warehouse
For Sale
Contact for pricing
1831 E Powell Blvd, Gresham, OR 97080
Well-maintained flex building with open retail/warehouse layout, upgraded roof and HVAC, plus in-place billboard income.
Property Size9,800 SF
Lot Size1.13 Acres
Price / SF$234.69
Days on Market105
Property Features for 1831 E Powell Blvd
General Information
Standard status
Active
Size
9,800 SF
Total Parking Spaces
9
Lot size
1.13 Acres
Property subtype
Retail, Industrial
Zoning
MC
Investment Type
Owner/User
Site & Location
Traffic Count
23,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1967
Year Renovated
2022
Buildings
1
Units
1
Listing Agency:
Marcus & Millichap - Seattle
Listed By:
Clayton J. Brown · License #SP56979
Source:
Crexi
Added: Jul 8
Changed: Oct 19
Last Checked: Oct 19 at 3:31AM
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 Marcus & Millichap - Seattle
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Investment Insights
Based on property information with market context.
This flex retail and warehouse building offers an open layout combining retail and warehouse space, suited for a variety of commercial uses. The property is currently vacant and has been well maintained, with upgrades over the past several years including a roof overlay and a new HVAC unit.
The building sits on a hard corner of E Powell Blvd/Hwy 26 and SE 1st Street, with adjacent access to SE Burnside Rd. Visibility is supported by a dedicated left turn lane and multiple points of ingress/egress. An in-place leased billboard sign provides ongoing income with a 5-year term and a renegotiation window at the end of 2026.
The site totals 1.13 acres and is supported by flexible MC zoning permitting retail, service, office, and general commercial uses, with multi-family housing allowed as a secondary use.
The building sits on a hard corner of E Powell Blvd/Hwy 26 and SE 1st Street, with adjacent access to SE Burnside Rd. Visibility is supported by a dedicated left turn lane and multiple points of ingress/egress. An in-place leased billboard sign provides ongoing income with a 5-year term and a renegotiation window at the end of 2026.
The site totals 1.13 acres and is supported by flexible MC zoning permitting retail, service, office, and general commercial uses, with multi-family housing allowed as a secondary use.
Key Highlights
- 9,800 SF commercial building on 1.13 acres with open retail and warehouse layout
- Upgrades include roof overlay and a new HVAC unit; building has been well maintained
- Hard corner on E Powell Blvd/Hwy 26 (23,000+ VPD) and SE 1st St (3,000+ VPD), adjacent to SE Burnside Rd (36,000+ VPD)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,478
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,169,560
$2.2M
Cap Rate 7%
$1,549,686
$1.5M
Cap Rate 9%
$1,205,311
$1.2M
Market Conditions
NOI Build-Up for 9,800 SF
Gross rent
$167.0K $17.04/SF
− Vacancy
−$12.0K −$1.23/SF
EGI
$155.0K $15.81/SF
− OpEx
−$46.5K −$4.74/SF
NOI
$108.5K $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 Rate 5%
$2,169,560
Cap Rate 7%
$1,549,686
Cap Rate 9%
$1,205,311
Alternative Uses
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,478 @ 7.0% cap · market cap 4.72%
Second Best
Flex RnD
$1.30M
$1.14M – $1.52M
NOI $90,925 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$2.24M
$1.96M – $2.61M
NOI $156,761 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
23,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97080, OR
45,647
Population
17,276
Households
2.6
Avg Household Size
38
Median Age
28%
College-Educated
90%
High-School Grad
21.6 sq mi
ZIP Area
2,113
Density / Sq Mi
$96,218
Median Household Income
$47,562
Median Earnings
$1,596
Median Rent
$485,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Well-maintained flex building with open retail/warehouse layout, upgraded roof and HVAC, plus in-place billboard income.
Where is this flex space located?
The property is located at 1831 E Powell Blvd Gresham, OR.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: 9,800 SF commercial building on 1.13 acres with open retail and warehouse layout; Upgrades include roof overlay and a new HVAC unit; building has been well maintained; Hard corner on E Powell Blvd/Hwy 26 (23,000+ VPD) and SE 1st St (3,000+ VPD), adjacent to SE Burnside Rd (36,000+ VPD)
