Mixed-Use Property Development
For Sale
$1,750,000
18400 SE Division Street, Gresham, OR 97030
Three commercial buildings, a residential house, and an empty parking lot on three tax lots totaling 1.38 acres.
Property Size5,000 SF
Lot Size1.38 Acres
Price / SF$350
Days on Market315
Property Features for 18400 SE Division Street
General Information
Standard status
Active
Size
5,000 SF
Lot size
1.38 Acres
Property subtype
Commercial
Building Details
Year Built
1960
Listing Agency:
Oregon First
Listed By:
Jessica Tang · License #201216832
(503) 667-5686
Source:
Century21northhomes
Added: Dec 9, 2025
Changed: Oct 19
Last Checked: Oct 19 at 9:54AM
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 Oregon First
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale mixed-use bundle includes three tax lots: R338556, R338605, and R338543, totaling 1.38 acres. The property currently features three commercial buildings, one mix-used residential house, and an empty parking lot. The seller notes potential developmental possibilities and considers alternative configurations such as strip mall use or multi-residential units, subject to applicable approvals.
The offering is located at 18400 SE Division Street in Gresham, Oregon 97030. The purchase is presented as an investor opportunity, and any offers are requested to be contingent on interior inspections.
Overall, the site provides multiple existing structures plus additional cleared area, offering flexibility for buyers evaluating redevelopment or reconfiguration of the current improvements.
The offering is located at 18400 SE Division Street in Gresham, Oregon 97030. The purchase is presented as an investor opportunity, and any offers are requested to be contingent on interior inspections.
Overall, the site provides multiple existing structures plus additional cleared area, offering flexibility for buyers evaluating redevelopment or reconfiguration of the current improvements.
Key Highlights
- Bundled commercial/residential property on three tax lots: R338556, R338605, and R338543
- Total land area of 1.38 acres
- Year built: 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,346
Cap Rate
3.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,106,920
$1.1M
Cap Rate 7%
$790,657
$790.7K
Cap Rate 9%
$614,956
$615.0K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$85.2K $17.04/SF
− Vacancy
−$6.1K −$1.23/SF
EGI
$79.1K $15.81/SF
− OpEx
−$23.7K −$4.74/SF
NOI
$55.3K $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%
$1,106,920
Cap Rate 7%
$790,657
Cap Rate 9%
$614,956
Alternative Uses
Best Use
Retail
$790.7K
$691.8K – $922.4K
NOI $55,346 @ 7.0% cap · market cap 3.16%
Second Best
Mixed Use
$788.6K
$690.0K – $920.0K
NOI $55,200 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.14M
$999.8K – $1.33M
NOI $79,980 @ 7.0% cap · market cap 4.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,760
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valvoline Instant Oil Change
Shops & Services
1,804 visits/mo
0.4 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three commercial buildings, a residential house, and an empty parking lot on three tax lots totaling 1.38 acres.
Where is this mixed-use property located?
The property is located at 18400 SE Division Street Gresham, OR.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Bundled commercial/residential property on three tax lots: R338556, R338605, and R338543; Total land area of 1.38 acres; Year built: 1960
