Gresham Industrial Flex Space
21640 SE Stark St, Gresham, OR 97030
For Sale
Contact for pricing
Versatile industrial property with warehouse and office space for sale.
Property Size14,400 SF
Lot Size0.81 Acres
Price / SF$173.61
Days on Market259
Property Features for 21640 SE Stark St
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Investment Type
Site & Location
Neighborhood
Listing Agency:
Macadam Forbes
Listed By:
Zach Reichle · License OR #201246634
(503) 706-0562
Source:
Crexi
Added: Feb 25
Changed: Nov 8
Last Checked: Nov 8 at 6:08AM
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
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Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,605
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,672,100
$2.7M
Cap Rate 7%
$1,908,643
$1.9M
Cap Rate 9%
$1,484,500
$1.5M
Market Conditions
NOI Build-Up for 14,400 SF
Gross rent
$224.6K $15.60/SF
− Vacancy
−$19.1K −$1.33/SF
EGI
$205.5K $14.27/SF
− OpEx
−$71.9K −$5.00/SF
NOI
$133.6K $9.28/SF
Area
Gresham, OR
Vacancy
8.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,672,100
Cap Rate 7%
$1,908,643
Cap Rate 9%
$1,484,500
Alternative Uses
Best Use
Flex RnD
$1.91M
$1.67M – $2.23M
NOI $133,605 @ 7.0% cap · market cap 5.34%
Second Best
Industrial
$1.40M
$1.23M – $1.64M
NOI $98,249 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$3.29M
$2.88M – $3.84M
NOI $230,342 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,760
Businesses Nearby
Well-served
Demand for This Use
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
$418,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Multnomah County, OR
Properties on Market for Flex space in Multnomah County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Nicholas Restaurant - Lebanese & Mediterranean Cuisine — 323 N Main Ave, Gresham, OR 97030
Frequently Asked Questions
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 $2,500,000.
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.
