18210 E Burnside St, Gresham, OR 97233
Two-story office building in Downtown Rockwood area.
- Added:
- Oct 7, 2022
- Days on Market:
- 1369
- Last Refresh:
- Jul 5 at 1:52 pm
Property Features for 18210 E Burnside St
General Information
- Standard status
- Active
- Size
- 7,200 SF
- Lot size
- 0.40 Acres
- Property subtype
- Office
Listing office Macadam Forbes (503) 972-7294
Listing date Oct 7, 2022
Source Crexi
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 Macadam Forbes
HighLights
- Located in Downtown Rockwood, Gresham's newest community hub with mixed‑use buildings and a public plaza.
- 7,200 square foot two‑story office building on a 17,622 square foot lot.
- Opportunity for owner/user or investor.
- Seller is replacing all HVAC units in September.
- Building is demised into four suites on each floor, each with its own restroom.
- Wheelchair ramp access to the first floor.
Overview
Local Financial Insights For Office B
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 | $151.2k | $21.00 |
| − Vacancy | −$37.5k | −$5.21 |
| EGI | $113.7k | $15.79 |
| − OpEx | −$28.4k | −$3.95 |
| NOI | $85.3k | $11.84 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Gresham
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.497
- Latitude
- 45.5135
