Flex Office-Warehouse
For Sale
Contact for pricing
2450 NW Eleven Mile Avenue, Gresham, OR 97030
Combined office and warehouse improvements include client-facing areas, yard space, parking, and convenient MAX station access.
Property Size7,650 SF
Price / SF$228.76
Days on Market62
Property Features for 2450 NW Eleven Mile Avenue
General Information
Standard status
Active
Size
7,650 SF
Class
B
Total Parking Spaces
26
Property subtype
Office, Industrial
Zoning
SC-RJ
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
20 ft
Amenities
reception
conference room
Building Details
Year Built
1973
Year Renovated
2010
Buildings
1
Units
1
Listing Agency:
Ethos Commercial Advisors LLC Portland
Listed By:
Brian Hanson · License #201217368
(850) 545-2282
Source:
Crexi
Added: Aug 20
Changed: Oct 19
Last Checked: Oct 19 at 6:27AM
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 Ethos Commercial Advisors LLC Portland
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Investment Insights
Based on property information with market context.
Built in 1973, this 7,650-square-foot flex property combines finished office areas with warehouse functionality. The office component includes a reception area and conference room, while the warehouse offers 20' clear height and a 12' roll-up door. On-site parking and yard space support a range of operational needs, and the property is zoned SC-RJ.
The site is positioned just south of NW Burnside Road and one block from the Ruby Junction / E 197th Avenue MAX station. Access extends to Gresham, East Portland, Interstate 84, and the wider Portland metropolitan area. Dock loading may be added, providing a potential enhancement to the existing warehouse configuration.
The site is positioned just south of NW Burnside Road and one block from the Ruby Junction / E 197th Avenue MAX station. Access extends to Gresham, East Portland, Interstate 84, and the wider Portland metropolitan area. Dock loading may be added, providing a potential enhancement to the existing warehouse configuration.
Key Highlights
- 7,650‑square‑foot flex office‑warehouse property built in 1973
- Warehouse provides 20' clear height and a 12' roll‑up door
- Office area includes reception and conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,607
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,812,140
$1.8M
Cap Rate 7%
$1,294,386
$1.3M
Cap Rate 9%
$1,006,744
$1.0M
Market Conditions
NOI Build-Up for 7,650 SF
Gross rent
$160.7K $21.00/SF
− Vacancy
−$39.8K −$5.21/SF
EGI
$120.8K $15.79/SF
− OpEx
−$30.2K −$3.95/SF
NOI
$90.6K $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%
$1,812,140
Cap Rate 7%
$1,294,386
Cap Rate 9%
$1,006,744
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,607 @ 7.0% cap · market cap 5.18%
Second Best
Flex RnD
$1.01M
$887.2K – $1.18M
NOI $70,977 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,369 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office 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 - Combined office and warehouse improvements include client-facing areas, yard space, parking, and convenient MAX station access.
Where is this flex space located?
The property is located at 2450 NW Eleven Mile Avenue Gresham, OR.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 7,650‑square‑foot flex office‑warehouse property built in 1973; Warehouse provides 20' clear height and a 12' roll‑up door; Office area includes reception and conference room
