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202-204 NE Kelly Ave 4,000 SF 100% Leased Office Building Gresham, OR 97030 $765,000 ($191.25/SF) 5.20% Cap Rate
Investment Highlights
- Downtown Gresham location
- Significant development surounding this location
- Off-street parking
Executive Summary
Excellent downtown Gresham location! Flexible space from 1-6 units. Currently 100% occupied by 3 tenants. Leases expire in September 2025 and December 2025 if an owner user needs to occupy the entire space. Long term tenants would likely extend for an investor.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
4,000 SF
Building Class
C
Year Built
1957
Price
$765,000
Price Per SF
$191.25
Cap Rate
5.20%
NOI
$39,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,000 SF
Building FAR
0.37
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
DCC
Parking
13 Spaces (3.25 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Silver V Construction Mgt
- Construction
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Silver V Construction Mgt | Construction | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (77)
Property Taxes
| Parcel Numbers | Total Assessment | $498,360 (2025) | |
| Land Assessment | $5,500 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Numbers
Land Assessment
$5,500 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$498,360 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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202-204 NE Kelly Ave
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