Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Tigard, Oregon Title is generated by Realmo AI

    SW McDonald St, Tigard, OR 97224

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at SW McDonald St, Tigard, OR
    For Sale
    $189,900

    LAND - Tigard, OR

    Type:Single Family Residence
    Lot size:
    0.28 Acres
    Added:
    Dec 24, 2024
    Days on Market:
    513
    Last Refresh:
    May 21 at 8:06 pm

    Property Features for SW McDonald St

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    R-4.5
    Standard status
    Active
    APN
    R2067769
    Lot size
    0.28 Acres

    Taxes and HOA fees

    Tax Description
    ELROSE TERRACE, LOT 2, ACRES 0.28
    Tax Annual Amount
    1299

    We can help!

    Listing Contact
    Rome Mortera

    Listing agent Rome Mortera

    Listing office Kelly Right Real Estate of Portland, LLC 4800 SW Meadows Rd, Suite 300, Spokane, OR

    Listing date Dec 24, 2024

    MLS# 24040062 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Zoned R‑4.5 for residential or conditional use
    • Opportunity to custom build a home
    • Accessible to major streets and highways
    • Conveniently located near shops
    • Close proximity to restaurants
    • Located in Tigard

    Overview

    This 0.28-acre land parcel is located in Tigard, Oregon, and is zoned R-4.5, suitable for a residential home or other conditional uses. The property offers accessibility to major streets, highways, shops, and restaurants. It provides an opportunity for a custom-built home in a convenient location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Tigard
    County
    Washington
    State
    Oregon
    Longitude
    -122.81
    Latitude
    45.4077

    Nearby Similar for Sale

    • $1,395,000
      5,068 SF

      Tigard Multi-Tenant Office Investment Opportunity

      Multi-tenant office building in Tigard with income and value creation.
      12720 SW Pacific Hwy, Tigard, OR 97223
      View Details
    • Contact for pricing
      6,980 SF

      Tigard Retail Investment Opportunity

      Multi-tenant retail property with development potential in Tigard, Oregon.
      11642 SW Pacific Highway, Tigard, OR 97223
      View Details
    • $3,150,000

      Three Office Buildings For Sale

      Three office buildings available for purchase on two tax lots.
      13015-13035 Southwest Pacific Highway, Tigard, OR 97223
      View Details
    • $2,140,000

      Hall Boulevard Apartments in Tigard

      Twelve-unit apartment community in a desirable Tigard location.
      12437 SW Hall Blvd, Tigard, OR 97223
      View Details
    • $20,000

      Tigard Waterfront Land for Sale

      Waterfront land in Tigard, Oregon, with development restrictions.
      Tigard St, Tigard, OR 97223
      View Details
    • $3,600,000
      1 SF

      Prime Land on Hwy 99W

      1.9 acres ideal for commercial or mixed-use development.
      SW Pacific Hwy Lots, Tigard, OR 97223
      View Details
    • Contact for pricing

      Tigard Freestanding Single-Story Office Building

      Well-maintained office building with recent upgrades and convenient location.
      11740 SW Warner Avenue, Tigard, OR 97223
      View Details
    • Contact for pricing

      Tigard Triangle Freestanding Office Building

      Freestanding office building in the desirable Tigard Triangle submarket.
      12540 SW 68th Avenue, Tigard, OR 97223
      View Details
    • $1.30
      35,452 SF

      Durham Road Warehouse with Office

      Warehouse with Class A office space near I-5 and Bridgeport.
      7800 SW Durham Road | Tigard, OR 97224, OR 97224
      View Details
    • Contact for pricing

      Tigard Triangle Class A Office

      Class A office building in the desirable Tigard Triangle.
      7307 SW Beveland Street, Tigard, OR 97223
      View Details
    • Contact for pricing

      Tigard Triangle Class A Office

      Class A office building in desirable Tigard Triangle location.
      7357 SW Beveland Street, Tigard, OR 97223
      View Details
    • Contact for pricing

      Downtown Tigard Office Building

      Well-maintained office building in downtown Tigard with excellent access.
      9185 SW Burnham Street, Tigard, OR 97223
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land zoned for residential use, close to amenities.
    Where is this residential land & home lot located?
    The property is located at SW McDonald St Tigard, OR.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: Zoned R‑4.5 for residential or conditional use; Opportunity to custom build a home; Accessible to major streets and highways
    (503) 332-7971
    We can help!
    Listing Contact
    Rome Mortera
    Learn More
    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.
    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
    SW McDonald St, Tigard, OR 97224
    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!