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 Market78
Property Features for 21707 SE STARK ST
General Information
Standard status
Active
Size
2,494 SF
Total Parking Spaces
9
Property subtype
Office
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: Sep 3
Last Checked: Sep 16 at 11:20PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,539
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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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
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Market
Vacancy Rate% for Office in West region
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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
