Gresham Industrial Flex Space
21640 SE Stark St, Gresham, OR 97030
Versatile industrial property with warehouse and office space for sale.
Type:Industrial
Property size:
14,400 SFLot size:
0.81 AcresPrice / SF:
$187/SF- Added:
- Feb 25, 2026
- Days on Market:
- 122
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 21640 SE Stark St
General Information
- Standard status
- Active
- Size
- 14,400 SF
- Lot size
- 0.81 Acres
- Property subtype
- Industrial
Listing office Macadam Forbes
Listing date Feb 25, 2026
Source Crexi
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 Macadam Forbes
HighLights
- Vacant and available immediately for owner‑user.
- Zoned GI (General Industrial) allowing for a wide range of industrial uses.
- Approximately 14,400 square feet on 0.81 acres with a functional mix of warehouse and office space.
- Ample front parking and a gated, paved yard area for overflow parking or outdoor storage.
- Convenient access to I‑84 via 181st Ave and 202nd Ave.
- Strong visibility along Stark Street and a central location within the eastern Portland metro submarket.
Overview
This vacant property, available immediately for an owner-user, features approximately 14,400 square feet of space on a 0.81-acre lot. The property offers a functional combination of warehouse and office areas. Zoned GI (General Industrial) by the City of Gresham, it accommodates a wide array of industrial uses, including construction, manufacturing, warehousing and storage, trade schools, and wholesaling. The site provides ample front parking, along with a gated, paved yard suitable for overflow parking or outdoor storage. Two grade-level loading doors are located at the rear of the building. The property benefits from strong visibility along Stark Street and a central location within the eastern Portland metro submarket. Located in East Gresham, Oregon, within an established industrial and commercial corridor serving the greater Portland metro area, the property offers convenient access to I-84 via nearby 181st Ave and 202nd Ave, providing efficient connectivity to Portland, Troutdale, and the Columbia River Gorge. The site benefits from its proximity to regional transportation routes, a strong local labor pool, and nearby industrial users, making it well-positioned for distribution, service, or light manufacturing operations.
Local Financial Insights For Office B
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 | $302.4k | $21.00 |
| − Vacancy | −$75.0k | −$5.21 |
| EGI | $227.4k | $15.79 |
| − OpEx | −$56.9k | −$3.95 |
| NOI | $170.6k | $11.84 |
14,400 SF · lease $21.00/SF/yr · vacancy 24.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.44M
$2.13M – $2.84M
NOI $170,554 @ 7.0% cap · market cap 6.32%
Second Best
Flex RnD
$1.91M
$1.67M – $2.23M
NOI $133,605 @ 7.0% cap · market cap 4.95%
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,342 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Gresham
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.431
- Latitude
- 45.5092
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Versatile industrial property with warehouse and office space for sale.
Where is this flex space located?
The property is located at 21640 SE Stark St Gresham, OR.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Vacant and available immediately for owner‑user.; Zoned GI (General Industrial) allowing for a wide range of industrial uses.; Approximately 14,400 square feet on 0.81 acres with a functional mix of warehouse and office space.
