Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    SE 172ND Ave Gresham, OR 97080

    View on Map
    Claim this Listing
    For Sale
    $597,000

    LAND - Gresham, OR

    Type:Single Family Residence
    Lot size:
    4.81 Acres
    Added:
    Jun 26, 2025
    Days on Market:
    304
    Last Refresh:
    Apr 25 at 6:06 am

    Property Features for SE 172ND Ave

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    RR
    Standard status
    Active
    APN
    R239408
    Lot size
    4.81 Acres

    Taxes and HOA fees

    Tax Description
    PARTITION PLAT 1996-197, LOT 2, FARM DISQUAL, 1997-2001, 4.81 ACRES, $6,928.42 POTENTIAL ADDITIONAL TAX
    Tax Annual Amount
    2968

    We can help!

    Listing Contact
    Lindsay Taylor

    Listing agent Lindsay Taylor License #201214856

    Listing office Keller Williams Realty Portland Elite 9200 SE Sunnybrook blvd #205, Clackamas, OR

    Listing date Jun 26, 2025

    MLS# 341736035 Listing URL

    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.

    Overview

    Gresham Land Near Happy Valley

    This spacious 4.81-acre lot is situated minutes from the Happy Valley Shopping Center. It is currently zoned to build one single-family residence and one accessory dwelling unit. This property presents an opportunity to build a private estate, hold as an investment, or explore future development possibilities as the area grows. Located inside the Urban Growth Boundary in unincorporated Multnomah County, the property offers the option to annex into Gresham. Grocery stores, restaurants, and parks are conveniently located nearby. This property is suitable for a homeowner seeking privacy close to the city or a developer seeking their next opportunity.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Gresham
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.398
    Latitude
    45.4693

    Nearby Similar for Sale

    • $875,000

      Gresham Land: Development Opportunity Awaits

      3.88-acre residential parcel ideal for future development.
      1721 SW BUTLER Rd, Gresham, OR 97080
      View Details
    • $849,000

      Gresham Commercial Land For Sale

      0.86 acre commercial land in high-growth Gresham corridor.
      4434 W POWELL BLVD, Gresham, OR 97030
      View Details
    • $5,950,000

      Gresham Multifamily Turn-Key Asset

      42-unit multifamily community in Gresham, Oregon.
      16405 E Burnside St, Gresham, OR 97233
      View Details
    • $799,999
      2,164 SF

      Remodeled Four-Unit Multifamily Property

      Fully remodeled four-unit property in the heart of Gresham.
      234 NE CLEVELAND Ave, Gresham, OR 97030
      View Details
    • $900,000

      Permit-Ready Townhome Development Site

      Permit-ready 9-unit townhome development site in Gresham, Oregon.
      70 NW BIRDSDALE Ave, Gresham, OR 97030
      View Details
    • $375,000

      Gresham Land Development Opportunity

      Nearly half-acre flat parcel near downtown Gresham with development potential.
      450 SE HOGAN Rd, Gresham, OR 97080
      View Details
    • $200,000

      Gresham Land in Quiet Neighborhood

      Half-acre lot in Gresham, ready for your dream home.
      1488 SW 17TH Ct, Gresham, OR 97080
      View Details
    • $950,000
      4,124 SF

      Updated Office Space For Sale

      Prime updated office space with flexible zoning and layout.
      2010 SE 182ND, Gresham, OR 97233
      View Details
    • $99,900

      Gresham Buildable Lot Opportunity

      Buildable .25-acre lot in North Gresham, utilities available.
      209 SE 214TH Ave, Gresham, OR 97030
      View Details
    • $1,750,000
      4,436 SF

      Turnkey Auto Dealership Opportunity

      High-traffic location with DCL zoning permitting outdoor commercial sales.
      786 NE BURNSIDE, Gresham, OR 97030
      View Details
    • $210,000

      Residential Land in Quiet Area

      Lot for building a dream home in Gresham, Oregon.
      7137 SE 322ND Ave, Gresham, OR 97080
      View Details
    • $450,000

      Gresham Duplex with Rental History

      Well-maintained duplex with long-term tenants and new roof.
      970 NW WONDERVIEW Ct, Gresham, OR 97030
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Spacious 4.81-acre lot near Happy Valley Shopping Center.
    Where is this residential land & home lot located?
    The property is located at SE 172ND Ave Gresham, OR.
    What is the asking price?
    The asking price for this property is $597,000.
    What are key features of this property?
    This property features: Large 4.81‑acre lot offers ample space and privacy.; Zoned for both a single‑family residence and an accessory dwelling unit (ADU).; Located inside the Urban Growth Boundary, allowing for potential future development.
    (503) 515-9035
    We can help!
    Listing Contact
    Lindsay Taylor
    Real Estate License ID: 201214856
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!