Historic Storefront Property with
For Sale
$749,995
835 N MAIN Ave, Gresham, OR 97030
CommercialSale, Gresham, OR
Property Size2,525 SF
Lot Size0.22 Acres
Price / SF$297.03
Days on Market405
Property Features for 835 N MAIN Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
DCC
Directions
Division, S on Main
Subdivision
_144
Standard status
Active
APN
R134754
Size
2,525 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
CLANAHAN'S ADD, BLOCK 1, LOT 1 EXC PT IN ST, N 12' OF LOT 2 EXC P
Tax Annual Amount
5399
Legal Description
CLANAHAN'S ADD, BLOCK 1, LOT 1 EXC PT IN ST, N 12' OF LOT 2 EXC P
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
box beam ceilings
fireplace
built-ins
ADA restrooms
ADA ramp
basement storage
Building Details
Year built
1911
Floors in Building
2
Building materials
Frame, FullBasement, WoodSiding
Roof type
Composition
Listing Agency:
John L. Scott Portland Metro
(503) 665-0111
Listed By:
Kenneth Cahill · License #930400123
(503) 680-4800
Added: Jul 17, 2025
Changed: Aug 25
Last Checked: Aug 25 at 6:06AM
MLS# 723363057
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1911, this 2,525-square-foot storefront property combines preserved character with flexible commercial space. The main level includes box beam ceilings, a fireplace, built-in features, two ADA restrooms, and an ADA ramp. A separate entry serves the upper floor, which contains two rooms, a bathroom, and a kitchenette. The 1,598-square-foot basement is outside the stated total building area and provides additional storage or adaptable space.
The property is located at 835 N MAIN Ave in Gresham’s Historic Downtown, near shops, restaurants, and community events. DCC zoning supports a broad range of commercial uses, subject to buyer verification. Construction includes frame elements, wood siding, a full basement, composition roofing, forced-air heat, and central air conditioning.
The property is located at 835 N MAIN Ave in Gresham’s Historic Downtown, near shops, restaurants, and community events. DCC zoning supports a broad range of commercial uses, subject to buyer verification. Construction includes frame elements, wood siding, a full basement, composition roofing, forced-air heat, and central air conditioning.
Key Highlights
- 2,525 SF storefront property built in 1911
- 1,598 sq ft basement not included in total square footage
- Main level has box beam ceilings, fireplace, built‑ins, two ADA restrooms, and ADA ramp
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,906
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$598,120
$598.1K
Cap Rate 7%
$427,229
$427.2K
Cap Rate 9%
$332,289
$332.3K
Market Conditions
NOI Build-Up for 2,525 SF
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.
Gross rent
$53.0K $21.00/SF
− Vacancy
−$13.2K −$5.21/SF
EGI
$39.9K $15.79/SF
− OpEx
−$10.0K −$3.95/SF
NOI
$29.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$598,120
Cap Rate 7%
$427,229
Cap Rate 9%
$332,289
Alternative Uses
Best Use
Office B
$427.2K
$373.8K – $498.4K
NOI $29,906 @ 7.0% cap · market cap 3.99%
Second Best
Retail
$399.3K
$349.4K – $465.8K
NOI $27,950 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$577.0K
$504.9K – $673.2K
NOI $40,390 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,224
Businesses Nearby
Well-served
Demand for This Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - 1911 commercial building with adaptable retail, office, gallery, and dining configurations across multiple levels.
Where is this storefront property located?
The property is located at 835 N MAIN Ave Gresham, OR.
What is the asking price?
The asking price for this property is $749,995.
What are key features of this property?
This property features: 2,525 SF storefront property built in 1911; 1,598 sq ft basement not included in total square footage; Main level has box beam ceilings, fireplace, built‑ins, two ADA restrooms, and ADA ramp
