Multi-Tenant Medical Office
For Sale
$11,350,000
24076 SE Stark St, Gresham, OR 97030
Purpose-built medical office property with a multi-occupant configuration.
Property Size29,568 SF
Price / SF$428.22
Days on Market47
Property Features for 24076 SE Stark St
General Information
Standard status
Active
Size
29,568 SF
Property subtype
Office Medical
Occupancy
97%
Site & Location
Neighborhood
Central City
Amenities
Rare offering of a Type I construction multi-tenant MOB in fast growing Gresham OR
Long tenure of in place tenants with heavy investments in their spaces
Excellent opportunity to grow rents with current vacancies and with renewals
Building Details
Building Size
29,568 SF
Year Built
2004
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Sacramento
Listed By:
Mark Hefner · License #License(s): CA: 00823945, NV: BS.1000677, OR: 201211829, WA: 24003
(916) 804-0262
Source:
Marcusmillichap
Added: Sep 16
Changed: Oct 25
Last Checked: Nov 1 at 2:21AM
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 Marcus & Millichap - Sacramento
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Investment Insights
Based on property information with market context.
This medical office property contains 26,505 square feet and was completed in 2004. The building is configured for multiple occupants, supporting a professional healthcare-oriented office environment.
The property is located at 24076 SE Stark St in Gresham, Oregon, within the 97030 ZIP code. Available information identifies the asset as medical office space offered for sale.
The property is located at 24076 SE Stark St in Gresham, Oregon, within the 97030 ZIP code. Available information identifies the asset as medical office space offered for sale.
Key Highlights
- 26,505‑square‑foot medical office property
- Multi‑tenant building configuration
- Built in 2004
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$337,207
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,744,140
$6.7M
Cap Rate 7%
$4,817,243
$4.8M
Cap Rate 9%
$3,746,744
$3.7M
Market Conditions
NOI Build-Up for 26,505 SF
Gross rent
$604.3K $22.80/SF
− Vacancy
−$42.3K −$1.60/SF
EGI
$562.0K $21.20/SF
− OpEx
−$224.8K −$8.48/SF
NOI
$337.2K $12.72/SF
Area
Gresham, OR
Vacancy
7.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,744,140
Cap Rate 7%
$4,817,243
Cap Rate 9%
$3,746,744
Alternative Uses
Best Use
Healthcare Medical
$4.82M
$4.22M – $5.62M
NOI $337,207 @ 7.0% cap · market cap 2.97%
Second Best
Office B
$4.48M
$3.92M – $5.23M
NOI $313,925 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$6.06M
$5.30M – $7.07M
NOI $423,974 @ 7.0% cap · market cap 3.74%
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
Lease Details
Multi-tenant
Tenancy
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
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Dogwood Pet Hospital — 1440 E Powell Blvd, Gresham, OR 97030
- Dogwood Pet Hospital: Prull Becky DVM — 1440 Powell Blvd, Gresham, OR 97030
- Banfield Pet Hospital — 430 NW Eastman Pkwy, Gresham, OR 97030
- Tri-Met Banfield Light Rail — 525 NE 8th St, Gresham, OR 97030
- Decker Diane DVM — 21920 SE Stark St, Gresham, OR 97030
Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built medical office property with a multi-occupant configuration.
Where is this medical office space located?
The property is located at 24076 SE Stark St Gresham, OR.
What is the asking price?
The asking price for this property is $11,350,000.
What are key features of this property?
This property features: 26,505‑square‑foot medical office property; Multi‑tenant building configuration; Built in 2004
