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Financial
Distress signals
Property profile

21640 SE Stark St Gresham, OR 97030

FOR SALE
Other warehouses
Property ID
US71-0723951
12,000 SF 0.81 ac lot Built 1973
Last sale Feb 2024 · $2,400,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A single-story, 14,400-square-foot industrial building constructed in 1973 and renovated in 2019, situated on an approximately 0.81-acre (35,284-square-foot) lot. The building is arranged to include approximately 4,721 square feet of conditioned office space and approximately 6,186 square feet of warehouse space, with an additional 3,494 square feet mezzanine area. The property includes a fully conditioned office-and-warehouse environment, three drive-in doors, and a newly updated interior and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$16k
Tax billed · 2023
Assessed value$843k
Effective rate1.88%

Value estimate

· Oct 2026
$2.40M
$2.16M – $2.64M
AI approach$2.40M
Submarket $/SF estimate$2.89M
NOI build-up
Gross scheduled income$225k
Vacancy & credit loss−$19k
Operating expenses−$72k
NOI · 5.34% cap applied$134k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$208/SF
County average, outlier-cleaned · 205 recorded sales of this use type
Observed band · Q1–Q3$134 – $311
Qualifying comparables9

Cap rate analysis

How does the asset earn?
5.34%
$134k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BP
JurisdictionMULTNOMAH

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service10.6
Tailor Shop9.3
Computer & Electronic Repair9.1

Location

21640 SE Stark St Gresham, OR 97030
County assessor Recorded deeds · 9 transfers 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2303 11th Mile, Gresham, OR 97030-3553 $2,150,000 Dec 2024 19,712 SF
21655 Stark, Gresham, OR 97030-2027 $2,150,000 Aug 2024 5,600 SF
21655 Stark, Gresham, OR 97030-2027 $2,150,000 May 2024 5,722 SF
1200 8th, Gresham, OR 97030-5757 $600,000 Aug 2023 7,002 SF
1730 Powell, Gresham, OR 97030-8044 $405,000 Nov 2021 1,536 SF
335 8th, Gresham, OR 97030-5653 $2,000,000 Oct 2020 17,580 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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