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800-850 NW Eastman Pkwy, Gresham, OR 97030
Fully occupied retail center with restaurant, service, and government tenancy.
Property Size14,460 SF
Price / SF$317.43
Days on Market56
Property Features for 800-850 NW Eastman Pkwy
General Information
Standard status
Active
Size
14,460 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Cap Rate
7%
Anchor Co-Tenants
Rockin Crab & Boiling Pot, Ross Dress for Less, Dick's Sporting Goods, PetSmart
Building Details
Tenancy
Multi
Listing Agency:
Northmarq
Listed By:
Kevin Adatto · License #WA 85667
(503) 998-6572
Source:
Crexi
Added: Aug 26
Changed: Oct 12
Last Checked: Oct 19 at 4:19AM
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 Northmarq
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Investment Insights
Based on property information with market context.
This 14,460-square-foot shopping center contains five retail tenants and is reported as 100% occupied, including a signed LOI with PayMore. The tenant mix spans restaurant, service, and government uses, providing a range of established commercial functions within one center. The property is attached to Gresham Town Fair in East Portland, a 264,000-square-foot community shopping center anchored by Ross Dress for Less, Dick’s Sporting Goods, and PetSmart. The broader center records 2.6 million annual visits according to Placer.ai. Located at 800-850 NW Eastman Pkwy in Gresham, the property combines a multi-tenant retail configuration with direct integration into a larger shopping-center environment.
Key Highlights
- 14,460‑square‑foot multi‑tenant shopping center
- Five retail tenants with restaurant, service, and government uses
- 100% occupied, including a signed LOI with PayMore
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$160,060
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,201,200
$3.2M
Cap Rate 7%
$2,286,571
$2.3M
Cap Rate 9%
$1,778,444
$1.8M
Market Conditions
NOI Build-Up for 14,460 SF
Gross rent
$246.4K $17.04/SF
− Vacancy
−$17.7K −$1.23/SF
EGI
$228.7K $15.81/SF
− OpEx
−$68.6K −$4.74/SF
NOI
$160.1K $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%
$3,201,200
Cap Rate 7%
$2,286,571
Cap Rate 9%
$1,778,444
Alternative Uses
Best Use
Retail
$2.29M
$2.00M – $2.67M
NOI $160,060 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.30M
$2.89M – $3.86M
NOI $231,302 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied retail center with restaurant, service, and government tenancy.
Where is this shopping center located?
The property is located at 800-850 NW Eastman Pkwy Gresham, OR.
What is the asking price?
The asking price for this property is $4,590,000.
What are key features of this property?
This property features: 14,460‑square‑foot multi‑tenant shopping center; Five retail tenants with restaurant, service, and government uses; 100% occupied, including a signed LOI with PayMore
