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Property profile & analytics
OFF-MARKET Estimated value $120,000
Investment properties

944 3rd St Gresham, OR 97030-7480

964 SF 0.13 ac lot Built 1942
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US71-0118235
Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1942
Total area 964 SF
Lot 0.13 ac (5,663 SF)
Zoning code OFR
APN 1S3E10AC 03200
UPID US71-0118235
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$120k
Owner & transaction history
Susan R Baleme · 1 yrs held
Susan R Baleme
since 2025
6 recorded transactions
2025
Price N/A
2025
Price N/A
2004
Price N/A
2001
$123,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
OFR · Gresham, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B. Limited Business and Retail Service and Trade in OFR District. Limited Business and Retail Service and Trade are permitted in office complexes when all of the following standards are met: 1. The uses are scaled to service the tenants of the office complex or surrounding office area. 2. The uses do not exceed 20 percent of the total office floor area of a…

Zone name Office Residential
General category COMMERCIAL
Zone area 11.61 ac
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