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    840 Cleveland Ave Gresham, OR 97030

    Sponsored
    For Lease
    $15 SF/Yr

    Versatile Warehouse/Flex Space in Gresham, OR

    Lot size:
    1,760 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional industrial property in Gresham, Oregon, offers a flexible workspace ideal for various businesses. Located at 840 NE Cleveland Ave, 97030, this single-story building comprises three suites, with one vacant unit totaling 1,760 square feet immediately available. The maximum contiguous space available is 4,800 square feet. The property features a 16-foot ceiling height, perfect for accommodating taller equipment or racking systems. A significant advantage is the inclusion of one drive-in door, facilitating efficient loading and unloading. The building underwent renovations in 2023, ensuring modern and functional facilities. The property type is classified as Industrial, encompassing Warehouse, Flex, Manufacturing, Distribution, and R&D subtypes. Multiple tenancy is possible. A key feature is the 6,430 square foot secured and fenced yard at the rear, providing ample outdoor space for storage or operations. Tenants have access to a proportionate share of this yard. One available unit (Middle Unit #860) offers a 1,760 square foot layout, including an 800 square foot shop area with a bay door and a 960 square foot office space with a restroom. This property presents a rare opportunity to secure a well-maintained, versatile industrial space in a desirable Gresham location.

    Property Features for 840 Cleveland Ave

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,760 SF

    Building Details

    Year Renovated
    2023
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Middle Unit
    Size
    1,760 SF
    Rate per SF
    $15

    HighLights

    • Triple Net (NNN) lease at approximately $3.64 per square foot per year.
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Catering Service Seafood Restaurant Storage Facility Men's Store Shoe Repair Fish Market Watch Repair Shop Bike Shop Bed & Breakfast Carpet & Flooring Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gresham
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.4207259
    Latitude
    45.5038184

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    FAQs

    What type of property is this?
    Life science property - Versatile Warehouse/Flex Space in Gresham, OR
    Where is this life science property located?
    The property is located at 840 Cleveland Ave Gresham, OR.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Triple Net (NNN) lease at approximately $3.64 per square foot per year.; ;
    Request Owner's contact information
    840 Cleveland Ave Gresham, OR 97030
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    Realmo Value Estimation

    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.

    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.

    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
    840 Cleveland Ave Gresham, OR 97030
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