Downtown Gresham Retail Investment
211 NE Roberts Ave, Gresham, OR 97030
For Sale
Contact for pricing
17,800 SF retail building in Gresham's historic downtown.
Property Size17,800 SF
Price / SF$168.54
Days on Market283
Property Features for 211 NE Roberts Ave
General Information
Standard status
Size
Class
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
Marcus & Millichap - Portland
Listed By:
Joseph B Dabush · License OR #201257377
(503) 200-2061
Source:
Crexi
Added: Feb 1
Changed: Aug 8
Last Checked: Oct 30 at 10:31AM
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 - Portland
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Investment Insights
Based on property information with market context.
Located at 211 NE Roberts Avenue in Gresham's historic downtown commercial corridor, this 17,800 SF freestanding retail building presents an investment opportunity. The property is strategically positioned in the heart of downtown Gresham, within walking distance of Gresham Central Transit Center and MAX Blue Line light rail service, providing direct access to downtown Portland and Portland International Airport. The current tenant is vacating in March, presenting an opportunity for owner-users seeking visibility and foot traffic in Gresham's primary downtown retail district, or for developers pursuing redevelopment. The location benefits from demographics including 112,818 residents in Gresham and an average household income of $93,451. The transit-oriented location with MAX Blue Line service connects to the entire Portland metropolitan region, and its position within Oregon's fourth-largest city offers connectivity via Interstate 84 and US Route 26 to major employment centers and recreational areas. Significant redevelopment potential exists through continued metro area growth with over 100,000 new residents since 2010 and positioning within the City of Gresham's One Gresham initiative targeting downtown revitalization and mixed-use development.
Key Highlights
- Strategic location in the heart of downtown Gresham, offering exceptional visibility and foot traffic.
- Significant redevelopment potential due to metro area growth and the City of Gresham's One Gresham initiative.
- Transit‑oriented location with MAX Blue Line access to downtown Portland and Portland International Airport.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$197,031
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,940,620
$3.9M
Cap Rate 7%
$2,814,729
$2.8M
Cap Rate 9%
$2,189,233
$2.2M
Market Conditions
NOI Build-Up for 17,800 SF
Gross rent
$303.3K $17.04/SF
− Vacancy
−$21.8K −$1.23/SF
EGI
$281.5K $15.81/SF
− OpEx
−$84.4K −$4.74/SF
NOI
$197.0K $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%
$3,940,620
Cap Rate 7%
$2,814,729
Cap Rate 9%
$2,189,233
Alternative Uses
Best Use
Retail
$2.81M
$2.46M – $3.28M
NOI $197,031 @ 7.0% cap · market cap 6.57%
Second Best
Mixed Use
$2.81M
$2.46M – $3.28M
NOI $196,512 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$4.07M
$3.56M – $4.75M
NOI $284,729 @ 7.0% cap · market cap 9.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
$418,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Multnomah County, OR
Properties on Market for Retail space in Multnomah County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - 17,800 SF retail building in Gresham's historic downtown.
Where is this retail space located?
The property is located at 211 NE Roberts Ave Gresham, OR.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Strategic location in the heart of downtown Gresham, offering exceptional visibility and foot traffic.; Significant redevelopment potential due to metro area growth and the City of Gresham's One Gresham initiative.; Transit‑oriented location with MAX Blue Line access to downtown Portland and Portland International Airport.
