Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23932 Glisan St Gresham, OR 97030-8416
    Property profile & analytics

    23932 Glisan St, Gresham, OR 97030-8416

    View on Map
    • Industrial properties
    • 72,000 SF
    • 7.02 lot acres
    Off-Market
    Property ID
    US71-1611358
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 23932 Glisan St

    Year built
    1999
    Lot size
    7.02 lot acres
    Zone code
    GI
    Property type
    Industrial properties
    APN
    1N3E34D 00102
    APU
    1N3E34D00102

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 1, 2016 $5,850,000 Emerald 23932 LLC Glisan Property Dev LLC Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $123,035,000
      Market price range: $12.4M - $123M
      AI Estimate
      $123,035,000
      Market price range: $12.4M - $123M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gresham
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.416
    Latitude
    45.5266
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $210,102
    $0.00
    $0.00
    $11,159,220
    -
    $2,447,220
    $13,750,560
    $16,197,780

    Comparable in this City

    • Value Estimation by Request
      9.08 Acres

      23400 Wi Ne Glisan St

      INDUSTRIAL (GENERAL)
      23400 Wi Ne Glisan St, Gresham, OR 97030
      View Details
    • Value Estimation
      $16,480,000
      21,082 SF

      2441 11th Mile Ave, Unit 2451

      INDUSTRIAL (GENERAL)
      2441 11th Mile Ave, Gresham, OR 97030-3555
      View Details
    • Value Estimation by Request
      7.59 Acres

      23055 Stark St

      INDUSTRIAL (GENERAL)
      23055 Stark St, Gresham, OR 97030-2967
      View Details
    • Value Estimation by Request
      8.69 Acres

      23400 Wi Ne Glisan St

      INDUSTRIAL (GENERAL)
      23400 Wi Ne Glisan St, Gresham, OR 97030
      View Details
    • Value Estimation by Request

      840 Cleveland Ave

      Life science properties
      840 Cleveland Ave, Gresham, OR 97030
      View Details
    • Value Estimation by Request

      21015 Wi Se Stark St

      INDUSTRIAL (GENERAL)
      21015 Wi Se Stark St, Gresham, OR 97030
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,764 SF

      Commercial Land for Sale

      Commercial land with zoning allowing for wide range of uses.
      993 NE Kane Dr, Gresham, OR 97030
      View Details
    • Contact for pricing

      Gresham Industrial Building Near MAX

      18,800 SF building in Gresham with MAX Light Rail access.
      530 NE Liberty Ave, Gresham, OR 97030
      View Details
    • Contact for pricing
      14,400 SF

      Gresham Industrial Flex Space Available

      Versatile industrial property with warehouse and office space for sale.
      21640 SE Stark St, Gresham, OR 97030
      View Details
    • Contact for pricing
      7,245 SF

      Commercial Building on Powell Blvd

      Well-maintained commercial building with high visibility and easy highway access.
      1294 E Powell Rd, Gresham, OR 97030
      View Details
    • Contact for pricing
      14,400 SF

      Renovated Industrial Building with Yard

      14,400 SF industrial building with secure yard space.
      21640 SE Stark St, Gresham, OR 97030
      View Details
    • Contact for pricing
      17,800 SF

      Downtown Gresham Retail Investment Opportunity

      17,800 SF retail building in Gresham's historic downtown.
      211 NE Roberts Ave, Gresham, OR 97030
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,761 SF

      Industrial Space Available For Rent

      Industrial property available for rent in Gresham, Oregon.
      21920-21968 NE Glisan St, Gresham, OR 97030
      View Details
    • Contact for pricing

      New Industrial Space in Gresham

      2800 SF industrial space in Gresham's General Industrial zone.
      21600 SE Stark St, Gresham, OR 97030
      View Details
    • Contact for pricing

      Gresham Warehouse with Dock Loading

      Modern industrial building with dock and grade level loading.
      410-486 NE 219 Ave, Gresham, OR 97030
      View Details
    • Contact for pricing

      Flex Space with Secured Yard

      Flex space featuring shop, office, and secured fenced yard.
      840 NE Cleveland Ave, Gresham, OR 97030
      View Details
    • Contact for pricing
      7,018 SF

      Gresham Warehouse Space Available

      Industrial warehouse space for lease in Gresham, Oregon.
      316-464 NE 219 Ave, Gresham, OR 97030
      View Details
    • Contact for pricing

      Gresham Flex Space For Rent

      Flex space in Clear Creek Business Park available for lease.
      21910 NE Glisan St, Gresham, OR 97030
      View Details
    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.
    23932 Glisan St
    Gresham, OR 97030-8416
    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

    Thank You for Inquiry
    23932 Glisan St, Gresham, OR, 97030
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!