Mixed-Use Property Development
18400 SE Division Street Gresham, OR 97030
18400 SE Division Street, Gresham, OR, 97030
$1,750,000
For Sale
$1,750,000
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 Market134
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
(877) 319-7625
Source
Century21northhomes
Added: Mar 10 Updated: Jul 21 at 5:08PM Checked: Jul 21 at 5:08PM
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
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
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 | $85.2k | $17.04 |
| − Vacancy | −$6.1k | −$1.23 |
| EGI | $79.1k | $15.81 |
| − OpEx | −$23.7k | −$4.74 |
| NOI | $55.3k | $11.07 |
5,000 SF · lease $17.04/SF/yr · vacancy 7.20% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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
