Rockwood Two-Story Office
For Sale
Contact for pricing
18210 E Burnside Street, Gresham, OR 97233
Two-story office building in Downtown Rockwood area.
Property Size7,200 SF
Lot Size0.40 Acres
Price / SF$197.92
Days on Market1475
Property Features for 18210 E Burnside Street
General Information
Standard status
Active
Size
7,200 SF
Total Parking Spaces
25
Lot size
0.40 Acres
Property subtype
Office
Zoning
Rockwood Town Center (RTC)
Investment Type
Owner/User
Building Details
Year Renovated
2025
Stories
2
Units
8
Tenancy
Multi
Listing Agency:
Macadam Forbes
Listed By:
Joe Kappler · License #OR 200605069
(503) 972-7294
Source:
Crexi
Added: Oct 7, 2022
Changed: Oct 10
Last Checked: Oct 19 at 6:07AM
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
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Investment Insights
Based on property information with market context.
This two-story, 7,200 square foot office building is located in the Downtown Rockwood area and is suitable for an owner/user or investor. Situated on a 17,622 square foot lot, the building is divided into four suites on each floor. Access to the second floor is provided by two outside stairwells, while a wheelchair ramp provides access to the first floor. Each unit includes its own restroom. Currently, there are three vacant suites, and the remaining tenants are operating under month-to-month agreements. The seller is scheduled to replace all HVAC units in September. The property is located within the Downtown Rockwood neighborhood, Gresham’s newest community hub, which features three new mixed-use buildings, a sprawling public plaza, and the newly remodeled Oregon Tradeswomen headquarters. Rockwood is described as Oregon’s youngest, most diverse, and fastest-growing neighborhood.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,277
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,705,540
$1.7M
Cap Rate 7%
$1,218,243
$1.2M
Cap Rate 9%
$947,522
$947.5K
Market Conditions
NOI Build-Up for 7,200 SF
Gross rent
$151.2K $21.00/SF
− Vacancy
−$37.5K −$5.21/SF
EGI
$113.7K $15.79/SF
− OpEx
−$28.4K −$3.95/SF
NOI
$85.3K $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%
$1,705,540
Cap Rate 7%
$1,218,243
Cap Rate 9%
$947,522
Alternative Uses
Best Use
Office B
$1.22M
$1.07M – $1.42M
NOI $85,277 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,171 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
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Business Placement
Demographics for 97233, OR
41,625
Population
14,844
Households
2.8
Avg Household Size
34
Median Age
18%
College-Educated
80%
High-School Grad
4.6 sq mi
ZIP Area
9,049
Density / Sq Mi
$54,886
Median Household Income
$37,216
Median Earnings
$1,352
Median Rent
$385,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building in Downtown Rockwood area.
Where is this office building located?
The property is located at 18210 E Burnside Street Gresham, OR.
What is the asking price?
The asking price for this property is $1,425,000.
What are key features of this property?
This property features: 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.
