Downtown Gresham Investment
400 NE Roberts Gresham, OR 97030
400 NE Roberts, Gresham, OR, 97030
$1,850,000
Pending
For Sale
$1,850,000
Pending
Turnkey medical office building with redevelopment potential.
Property Size6,573 SF
Lot Size0.28 Acres
Days on Market372
Property Features for 400 NE Roberts
General Information
- Standard status
- Pending
- Size
- 6,573 SF
- Lot size
- 0.28 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1969
Listing agency
OREGON FIRST
(503) 667-5686
Listed by
RACHEL SHELLER · License #961100147
Source
Corcoran
Added: Jul 15, 2025 Updated: Jul 6 at 8:56AM Checked: Jul 21 at 4:58AM
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
Investment Insights
Based on property information with market context.
Located in downtown Gresham, this property at 400 NE Roberts Avenue presents an investment opportunity. The property, formerly the Roberts Street Clinic for over 50 years, features a turnkey interior with 12 rooms and larger offices. It includes 24 dedicated parking spaces. The site consists of two tax lots totaling 0.56 acres and is zoned DCC, offering future-use flexibility, including residential or mixed-use redevelopment. The property is available for immediate occupancy and offers strong street visibility. Examples of development potential include street-level retail with three additional residential stories. The building size is 6,573 square feet.
Key Highlights
- Prime downtown Gresham location with 24 dedicated parking spaces.
- Flexible DCC zoning allows for residential or mixed‑use redevelopment.
- Turnkey interior with 12 rooms and larger offices suitable for immediate occupancy.
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $149.9k | $22.80 |
| − Vacancy | −$10.5k | −$1.60 |
| EGI | $139.4k | $21.20 |
| − OpEx | −$55.7k | −$8.48 |
| NOI | $83.6k | $12.72 |
6,573 SF · lease $22.80/SF/yr · vacancy 7.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.19M
$1.05M – $1.39M
NOI $83,624 @ 7.0% cap · market cap 4.52%
Second Best
Office B
$1.11M
$973.1K – $1.30M
NOI $77,851 @ 7.0% cap · market cap 4.21%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $105,142 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
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
- Decker Diane DVM — 21920 SE Stark St, 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
FAQs
What type of property is this?
Medical Office Space - Turnkey medical office building with redevelopment potential.
Where is this medical office space located?
The property is located at 400 NE Roberts Gresham, OR.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Prime downtown Gresham location with **24 dedicated parking spaces.**; Flexible DCC zoning allows for residential or mixed‑use redevelopment.; Turnkey interior with **12 rooms and larger offices suitable for immediate occupancy.**
