Salon and Wellness
For Sale
$550,000
323 W POWELL, Gresham, OR 97030
Existing salon configuration includes service areas, private rooms, and kitchen support space.
Property Size1,446 SF
Price / SF$380.36
Days on Market99
Property Features for 323 W POWELL
General Information
Standard status
Active
Size
1,446 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$3,677
Amenities
five hair stations
manicure and pedicure areas
two private rooms
two restrooms
kitchen/break room
fenced yard
Central air
Central Air Cooling
Composition Roof
Forced Air Heating
Building Details
Year Built
1908
Listing Agency:
OREGON FIRST
(503) 667-5686
Listed By:
MABLE BARTLETT · License #201223538
(971) 212-1844
Source:
Corcoran
Added: Jul 9
Changed: Oct 10
Last Checked: Oct 14 at 11:22PM
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 OREGON FIRST
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This ADA-compliant commercial property at 323 W Powell in Gresham includes an existing salon layout with five hair stations, manicure and pedicure areas, two private rooms, and two restrooms. A kitchen and break room add practical staff-support space, while on-site parking serves the building and a fenced yard provides additional outdoor area.
Built in 1908, the property carries commercial zoning and is currently operating as a salon. The existing configuration can support salon and spa operations, wellness services, retail, or professional and medical office uses, subject to buyer verification of permitted uses. The combination of personal-service areas, private rooms, plumbing fixtures, and support spaces provides a defined starting point for an owner-user or operator.
Built in 1908, the property carries commercial zoning and is currently operating as a salon. The existing configuration can support salon and spa operations, wellness services, retail, or professional and medical office uses, subject to buyer verification of permitted uses. The combination of personal-service areas, private rooms, plumbing fixtures, and support spaces provides a defined starting point for an owner-user or operator.
Key Highlights
- Five hair stations with manicure and pedicure areas
- Two private rooms and two restrooms
- ADA‑compliant commercial building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,006
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,120
$320.1K
Cap Rate 7%
$228,657
$228.7K
Cap Rate 9%
$177,844
$177.8K
Market Conditions
NOI Build-Up for 1,446 SF
Gross rent
$24.6K $17.04/SF
− Vacancy
−$1.8K −$1.23/SF
EGI
$22.9K $15.81/SF
− OpEx
−$6.9K −$4.74/SF
NOI
$16.0K $11.07/SF
Area
Gresham, OR
Vacancy
7.20%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,120
Cap Rate 7%
$228,657
Cap Rate 9%
$177,844
Alternative Uses
Best Use
Retail
$228.7K
$200.1K – $266.8K
NOI $16,006 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.4K
$289.1K – $385.5K
NOI $23,130 @ 7.0% cap · market cap 4.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,760
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Valvoline Instant Oil Change
Shops & Services
1,804 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Mendez Joseph A — 138 NE 3rd St, Gresham, OR 97030
- Arianne Keller — 109 N Main Ave #201, Gresham, OR 97030
- Katelyn Decker — 130 NW Miller Ave, Gresham, OR 970307226
- Arianne Sierra Keller — 109 N Main Ave #201, Gresham, OR 97030
- Claire J. Kirkendall, LAC — 123 Powell Blvd, Gresham, OR 97030
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Existing salon configuration includes service areas, private rooms, and kitchen support space.
Where is this spa & wellness property located?
The property is located at 323 W POWELL Gresham, OR.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Five hair stations with manicure and pedicure areas; Two private rooms and two restrooms; ADA‑compliant commercial building
