Mixed-Use Property with Commercial
For Sale
$1,750,000
18400 SE DIVISION St, Gresham, OR 97030
CommercialSale, Gresham, OR
Property Size5,000 SF
Lot Size1.38 Acres
Price / SF$350
Days on Market103
Property Features for 18400 SE DIVISION St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
View
City
Directions
SE 182ND East on Division Street to 184th
Subdivision
_144
Standard status
Active
APN
R338543
Size
5,000 SF
Lot size
1.38 Acres
Taxes and HOA fees
Tax Description
SECTION 08 1S 3E, TL 1600 0.54 ACRES
Tax Annual Amount
1111
Legal Description
SECTION 08 1S 3E, TL 1600 0.54 ACRES
Utilities
Heating system
Forced Air, Baseboard
Cooling system
Window Unit(s), Central Air
Building Details
Year built
1960
Floors in Building
1
Building materials
Frame, WoodFrame
Roof type
Flat, Composition
Listing Agency:
Oregon First
(503) 667-5686
Listed By:
Jessica Tang · License #201216832
(503) 481-1016
Added: May 15
Changed: Aug 25
Last Checked: Aug 25 at 6:06AM
MLS# 643214598
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property comprises three commercial buildings, one mixed-use residential house, and an open parking area across three tax lots. The combined land area is 1.38 acres, with approximately 5,000 square feet of property size. The buildings date to 1960 and use frame and wood-frame construction, with flat and composition roofing.
The property is located at 18400 SE DIVISION St in Gresham, Oregon, within the 97030 postal area. Zoning is identified as Comm. Heating includes forced air and baseboard systems, while cooling is provided by window units and central air.
The property is located at 18400 SE DIVISION St in Gresham, Oregon, within the 97030 postal area. Zoning is identified as Comm. Heating includes forced air and baseboard systems, while cooling is provided by window units and central air.
Key Highlights
- 1.38‑acre assemblage comprising three tax lots
- Three commercial buildings plus one mixed‑use residential house
- Approximately 5,000 square feet of property size
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
$55,200
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
3.15%
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%
$1,104,000
$1.1M
Cap Rate 7%
$788,571
$788.6K
Cap Rate 9%
$613,333
$613.3K
Market Conditions
NOI Build-Up for 5,000 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
$96.0K $19.20/SF
− Vacancy
−$7.7K −$1.54/SF
EGI
$88.3K $17.66/SF
− OpEx
−$33.1K −$6.62/SF
NOI
$55.2K $11.04/SF
Area
Gresham, OR
Vacancy
8.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
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%
$1,104,000
Cap Rate 7%
$788,571
Cap Rate 9%
$613,333
Alternative Uses
Best Use
Mixed Use
$788.6K
$690.0K – $920.0K
NOI $55,200 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three commercial buildings and a mixed-use house occupy an assembled commercial-zoned site with an open parking area.
Where is this mixed-use property located?
The property is located at 18400 SE DIVISION St 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: 1.38‑acre assemblage comprising three tax lots; Three commercial buildings plus one mixed‑use residential house; Approximately 5,000 square feet of property size
