Downtown Gresham Commercial Building For
211 NE Roberts Ave Gresham, OR 97030
211 NE Roberts Ave, Gresham, OR, 97030
$2,999,999
For Sale
$2,999,999
Former Discounts Plus building in Gresham's historic downtown commercial corridor.
Property Size17,800 SF
Price / SF$168.54
Days on Market111
Property Features for 211 NE Roberts Ave
General Information
- Standard status
- Active
- Size
- 17,800 SF
- Property subtype
- Vacant-User
Building Details
- Year Built
- 1958
Listing agency
Portland Office
(503) 200-2063
Listed by
Sam Gfroerer · License #License(s): OR: 201254573
(503) 200-2063
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 1:15PM Checked: Jul 22 at 2:07AM
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 Portland Office
Investment Insights
Based on property information with market context.
This commercial building, formerly a Discounts Plus, is located in Gresham's historic downtown commercial corridor. The property offers a total size of 17800 square feet.
Key Highlights
- Located in Gresham's historic downtown commercial corridor.
- Former Discounts Plus building.
- Built in 1958.
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 | $303.3k | $17.04 |
| − Vacancy | −$21.8k | −$1.23 |
| EGI | $281.5k | $15.81 |
| − OpEx | −$84.4k | −$4.74 |
| NOI | $197.0k | $11.07 |
17,800 SF · lease $17.04/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.81M
$2.46M – $3.28M
NOI $197,031 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Former Discounts Plus building in Gresham's historic downtown commercial corridor.
Where is this storefront property 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: Located in Gresham's historic downtown commercial corridor.; Former Discounts Plus building.; Built in 1958.
