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 Market149
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
Baseboard, Forced Air
Cooling system
Central Air, Window Unit(s)
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: Sep 28
Last Checked: Oct 10 at 9:06AM
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 / Yr
$55,200
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
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
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 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
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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
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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
