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    40-370 NW Burnside Rd Gresham, OR 97030
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    40-370 NW Burnside Rd, Gresham, OR 97030

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    • Strip malls
    • 0.68 lot acres
    For Lease
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    Retail Space with Renovated Facade For Lease
    Contact for pricing
    4,420 SF

    Retail Space with Renovated Facade

    Retail property featuring a renovated facade and ample parking.

    40-370 NW Burnside Rd, Gresham, OR
    View Listing
    Property ID
    US71-0402392
    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

    • Strip malls

    Property Details for 40-370 NW Burnside Rd

    Lot size
    0.68 lot acres
    Zone code
    GC
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    1S3E03CB 04500
    APU
    1S3E03CB04500

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 9, 2019 — Ch Gresham LLC — Grant Deed · related $10.5M · Opus Bk
    Apr 19, 2017 — Ch Gresham LLC — Grant Deed · related $8.3M · Advantis Cu
    Jun 16, 2014 — Ch Gresham LLC Gresham Square Sc LP Quit Claim Deed · related $6.1M · Advantis Cu
    Mar 1, 1991 $6,275,000 Smith's Real Estate Partners Unknown Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gresham
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.432
    Latitude
    45.5087
    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
    $7,880
    $0.00
    $0.00
    $428,180
    -
    $497,190
    $0.00
    $497,190

    Comparable in this City

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      SHOPPING CENTER, STRIP CENTER
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      SHOPPING CENTER, STRIP CENTER
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      594 Wi Ne Burnside Rd

      SHOPPING CENTER, STRIP CENTER
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      0.14 Acres

      887 Wi E Powell Blvd

      SHOPPING CENTER, STRIP CENTER
      887 Wi E Powell Blvd, Gresham, OR 97030
      View Details

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      Retail Shopping Center For Sale

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      Downtown Gresham Retail Investment Opportunity

      17,800 SF retail building in Gresham's historic downtown.
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      Gresham Development Opportunity For Sale

      Prime downtown Gresham location with mixed-use development potential.
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      1,147 SF

      Retail Building with Street Frontage

      Freestanding retail building with off-street parking and street frontage.
      1675 NE Hogan Dr, Gresham, OR 97030
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    Similar Nearby for Lease

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      3,712 SF

      Retail Space on Burnside Road

      Retail spaces available in Gresham with high traffic volume.
      1979 NE Burnside Rd, Gresham, OR 97030
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      1,501 SF

      Retail Space in Hogan Plaza

      Retail space for lease in Gresham, Oregon.
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      3,003 SF

      Retail Space in Gresham Station

      Retail space available in a mixed-use lifestyle center.
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      2,124 SF

      Retail Space in Gresham Center

      Retail space available in a mixed-use lifestyle center.
      400-700 NW Eastman Pkwy, Gresham, OR 97030
      View Details
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      1,610 SF

      Retail Space in Gresham Station

      Retail space available in a mixed-use lifestyle center.
      1018-1088 NW Civic Dr, Gresham, OR 97030
      View Details
    • Contact for pricing
      2,460 SF

      Gresham Mixed-Use Lifestyle Center Space

      Retail space in a 340,000 SF mixed-use lifestyle center.
      547-649 NW 12 St, Gresham, OR 97030
      View Details
    View Listing
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    Gresham, OR 97030
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    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.

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    40-370 NW Burnside Rd, Gresham, OR, 97030
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