Office Building with Detached
New
For Sale
$639,950
722 N MAIN, Gresham, OR 97030
Located in downtown Gresham, the property has DCC zoning and a history of office use.
Property Size1,600 SF
Price / SF$399.97
Days on Market3
Property Features for 722 N MAIN
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Commercial
Zoning
DCC
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$4,892
Amenities
Central air
Central Air Cooling
Composition Roof
Forced Air Heating
Off Street
Secured
Shingle Roof
Building Details
Year Built
1896
Listing Agency:
JIM KUNKEL REALTY
(503) 252-1166
Listed By:
LANCE KUNKEL
(503) 260-8906
Source:
Corcoran
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 2:38PM
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 JIM KUNKEL REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1896, this 1,600-square-foot office property includes a detached 24-by-24-foot garage, multiple additional storage buildings, and space for off-street parking. Recent work includes a roof, paint, sewer line, bathroom, and kitchen or break-area improvements.
The property is in downtown Gresham, with a public transit hub a few blocks away. Its DCC zoning and prior office occupancy are among the documented characteristics.
The property is in downtown Gresham, with a public transit hub a few blocks away. Its DCC zoning and prior office occupancy are among the documented characteristics.
Key Highlights
- 1,600‑square‑foot office property built in 1896
- Detached 24‑by‑24‑foot garage for storage or warehouse use
- Multiple additional storage buildings on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,950
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,000
$379.0K
Cap Rate 7%
$270,714
$270.7K
Cap Rate 9%
$210,556
$210.6K
Market Conditions
NOI Build-Up for 1,600 SF
Gross rent
$33.6K $21.00/SF
− Vacancy
−$8.3K −$5.21/SF
EGI
$25.3K $15.79/SF
− OpEx
−$6.3K −$3.95/SF
NOI
$19.0K $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%
$379,000
Cap Rate 7%
$270,714
Cap Rate 9%
$210,556
Alternative Uses
Best Use
Office B
$270.7K
$236.9K – $315.8K
NOI $18,950 @ 7.0% cap · market cap 2.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.6K
$319.9K – $426.6K
NOI $25,594 @ 7.0% cap · market cap 4.00%
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
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
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Located in downtown Gresham, the property has DCC zoning and a history of office use.
Where is this office building located?
The property is located at 722 N MAIN Gresham, OR.
What is the asking price?
The asking price for this property is $639,950.
What are key features of this property?
This property features: 1,600‑square‑foot office property built in 1896; Detached 24‑by‑24‑foot garage for storage or warehouse use; Multiple additional storage buildings on site
