Multi-Tenant Retail
11642 SW Pacific Hwy Portland, OR 97223
For Sale
Contact for pricing
Multi-tenant retail property with 66% occupancy and additional building potential.
Property Size6,980 SF
Price / SF$260.03
Days on Market14
Property Features for 11642 SW Pacific Hwy
General Information
Standard status
Active
Size
6,980 SF
Property subtype
RETAIL
Listing Agency:
Macadam Forbes
(503) 972-7293
Listed By:
Rhys Konrad · License #201205396
Source:
Moodyscre
Added: Jul 17
Changed: Jul 28
Last Checked: Jul 29 at 2:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Macadam Forbes
Investment Insights
Based on property information with market context.
This multi-tenant retail investment opportunity is currently 66% occupied and offers room to grow through additional leasing. The property is described as underdeveloped, with potential for adding another building to expand the site’s overall income capacity.
The asset is located at 11642 SW Pacific Hwy in Portland, Oregon (97223). As a multi-tenant storefront format, it provides multiple units within a single ownership structure.
With a total size of 6,980 square feet, this is best suited for investors or owners looking to increase occupancy and evaluate development options on the existing site.
The asset is located at 11642 SW Pacific Hwy in Portland, Oregon (97223). As a multi-tenant storefront format, it provides multiple units within a single ownership structure.
With a total size of 6,980 square feet, this is best suited for investors or owners looking to increase occupancy and evaluate development options on the existing site.
Key Highlights
- Multi‑tenant retail investment opportunity
- Currently 66% occupied
- Underdeveloped property with potential for additional building
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $125.6k | $18.00 |
| − Vacancy | −$9.4k | −$1.35 |
| EGI | $116.2k | $16.65 |
| − OpEx | −$34.9k | −$5.00 |
| NOI | $81.4k | $11.66 |
6,980 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.16M
$1.02M – $1.36M
NOI $81,352 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,211 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Flowers By Donna — 11700 SW Hall Blvd, Tigard, OR 97223
Frequently Asked Questions
What type of property is this?
Storefront property - Multi-tenant retail property with 66% occupancy and additional building potential.
Where is this storefront property located?
The property is located at 11642 SW Pacific Hwy Portland, OR.
What is the asking price?
The asking price for this property is $1,815,000.
What are key features of this property?
This property features: Multi‑tenant retail investment opportunity; Currently 66% occupied; Underdeveloped property with potential for additional building
