Ada Compliant Single-Story Office
For Sale
$750,000
21707 SE STARK ST, Gresham, OR 97030
Single-story office building with seven private offices, two ADA bathrooms, and nine on-site parking spaces plus a loading zone.
Property Size2,494 SF
Days on Market123
Property Features for 21707 SE STARK ST
General Information
Standard status
Active
Size
2,494 SF
Total Parking Spaces
9
Property subtype
Office
Site & Location
Neighborhood
Central City
Taxes and HOA fees
Annual Taxes
$5,761
Building Details
Building Size
2,494 SF
Year Built
1965
Year Renovated
2021
Buildings
1
Stories
1
Listing Agency:
Bison Properties
Listed By:
Matthew Williams · License #200109059
(503) 208-2991
Source:
Eleeterealestate
Added: Jul 2
Changed: Oct 31
Last Checked: Oct 30 at 7:37PM
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 Bison Properties
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This one-level, ADA compliant office building has been fully remodeled, with a complete interior tear down to the studs and extensive updates completed in 2021. The remodel included new electric, plumbing, drywall, windows, doors, flooring, HVAC, and new exterior and interior paint, plus new siding on the front. A small addition was also completed as part of the 2021 work. The newer roof was added during the remodel, and the sewer line was replaced in 2025.
The current layout includes seven private offices, with one larger office being used as a conference room, along with two ADA bathrooms, a kitchen area, a storage/IT closet, and an HVAC room for the existing systems. Built in 1965, the building is designed for professional services and can also accommodate office and retail uses.
For client access, there are nine on-site parking spaces, including two handicap spots and a loading zone. The property also features excellent street frontage with a large exterior sign intended to capture passers-by and arriving clients.
The current layout includes seven private offices, with one larger office being used as a conference room, along with two ADA bathrooms, a kitchen area, a storage/IT closet, and an HVAC room for the existing systems. Built in 1965, the building is designed for professional services and can also accommodate office and retail uses.
For client access, there are nine on-site parking spaces, including two handicap spots and a loading zone. The property also features excellent street frontage with a large exterior sign intended to capture passers-by and arriving clients.
Key Highlights
- One‑level ADA compliant office building
- Full remodel completed in 2021 with tear down to studs and HVAC replacement
- Sewer line replaced in 2025 and newer roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,539
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,780
$590.8K
Cap Rate 7%
$421,986
$422.0K
Cap Rate 9%
$328,211
$328.2K
Market Conditions
NOI Build-Up for 2,494 SF
Gross rent
$52.4K $21.00/SF
− Vacancy
−$13.0K −$5.21/SF
EGI
$39.4K $15.79/SF
− OpEx
−$9.8K −$3.95/SF
NOI
$29.5K $11.84/SF
Area
Gresham, OR
Vacancy
24.80%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,780
Cap Rate 7%
$421,986
Cap Rate 9%
$328,211
Alternative Uses
Best Use
Office B
$422.0K
$369.2K – $492.3K
NOI $29,539 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$569.9K
$498.7K – $664.9K
NOI $39,894 @ 7.0% cap · market cap 5.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,760
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Single-story office building with seven private offices, two ADA bathrooms, and nine on-site parking spaces plus a loading zone.
Where is this office building located?
The property is located at 21707 SE STARK ST Gresham, OR.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: One‑level ADA compliant office building; Full remodel completed in 2021 with tear down to studs and HVAC replacement; Sewer line replaced in 2025 and newer roof
