Flex Retail and Warehouse
1831 E Powell Blvd Gresham, OR 97080
1831 E Powell Blvd, Gresham, OR, 97080
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For Sale
Contact for pricing
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 Market14
Property Features for 1831 E Powell Blvd
General Information
- Standard status
- Active
- Size
- 9,800 SF
- Lot size
- 1.13 Acres
- Property subtype
- Retail, Industrial
Building Details
- Year Built
- 1967
Listing agency
Marcus & Millichap - Seattle
Listed by
Clayton J. Brown · License #WA 123258
Source
Crexi
Added: Jul 8 Updated: Jul 20 at 5:41PM Checked: Jul 20 at 5:41PM
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
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)
Local 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 | $167.0k | $17.04 |
| − Vacancy | −$12.0k | −$1.23 |
| EGI | $155.0k | $15.81 |
| − OpEx | −$46.5k | −$4.74 |
| NOI | $108.5k | $11.07 |
9,800 SF · lease $17.04/SF/yr · vacancy 7.20% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
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)
