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    786 NE Burnside St Gresham, OR 97030

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    For Sale
    $1,750,000

    High-traffic location with DCL zoning permitting outdoor commercial sales.

    Property size:
    4,436 SF
    Lot size:
    0.56 Acres

    Property Features for 786 NE Burnside St

    General Information

    Standard status
    Active
    Size
    4,436 SF
    Lot size
    0.56 Acres

    Building Details

    Year built
    1987

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    Listing Contact
    Molly Leblanc
    Source: Corcoran

    Listing Agency: KELLER WILLIAMS PDX CENTRAL Listing Agent: Molly Leblanc

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Turnkey Auto Dealership Opportunity

    This 0.56-acre site is located on high-traffic NE Burnside "Auto Row" and is suitable for an auto dealership, equipment rental, or owner-user. It features 135 feet of frontage and rare DCL zoning that explicitly permits outdoor commercial sales (auto/trailer/equipment) and drive-throughs. The site is turnkey, fully paved and fenced, and features a 4,436 square foot building suitable for a showroom and sales offices. SBA Financing eligibility is available. The property offers options, including the potential to build a food cart pod with a projected 9.1% cap rate for a high-density cart hub/taproom. The renovated building is an ideal commissary or bar shell. Alternatively, operate with a passive NNN and secure an approximately 8.0% pro-forma cap rate on a standard NNN retail or dealership lease. The Opportunity Zone location allows for redevelopment with zero front setbacks for future high-density mixed-use (up to 60 units/acre). The 2025 traffic count is projected at 25,938. The current business is relocating. Buyer to verify all uses with the City.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Catering Service Restaurant Fish Market Restaurant (Bike/Boat/Book/etc) Store Storage Facility Supermarket Restaurant (Bike/Boat/Book/etc) Store Wine and Liquor Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Gresham Collision Repair, ALL ABOUT AUTOMOTIVE, My Car Care Too, Gresham Autobody Pros, Juston Olesen's Competition Paint

    Location Insight

    • Map
    • Local Demand
    City
    Gresham
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.431
    Latitude
    45.5092

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    FAQs

    What type of property is this?
    Auto shop - High-traffic location with DCL zoning permitting outdoor commercial sales.
    Where is this auto shop located?
    The property is located at 786 NE Burnside St 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: - Rare DCL zoning permits Outdoor Commercial Sales and Drive-Throughs by right.; - High-traffic location on NE Burnside "Auto Row" with 25,938 traffic count.; - Turnkey site: fully paved, fenced, and includes a building suitable for showroom and sales offices.
    (503) 548-4848
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    786 NE Burnside St Gresham, OR 97030
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    Gresham, OR 97030
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    786 NE Burnside St Gresham, OR 97030
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    (503) 548-4848
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