Multi-Tenant Retail
For Sale
Contact for pricing
11642 SW Pacific Hwy, Portland, OR 97223
Multi-tenant retail property with 66% occupancy and additional building potential.
Property Size6,980 SF
Price / SF$260.03
Days on Market106
Property Features for 11642 SW Pacific Hwy
General Information
Standard status
Active
Size
6,980 SF
Property subtype
RETAIL
Occupancy
66%
Site & Location
Neighborhood
Southwest
Building Details
Tenancy
Multi
Listing Agency:
Macadam Forbes
(503) 227-2500
Listed By:
Rhys Konrad · License #OR 201205396
(503) 972-7293
Source:
Moodyscre
Added: Jul 17
Changed: Oct 26
Last Checked: Oct 28 at 10:54AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$81,352
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,627,040
$1.6M
Cap Rate 7%
$1,162,171
$1.2M
Cap Rate 9%
$903,911
$903.9K
Market Conditions
NOI Build-Up for 6,980 SF
Gross rent
$125.6K $18.00/SF
− Vacancy
−$9.4K −$1.35/SF
EGI
$116.2K $16.65/SF
− OpEx
−$34.9K −$5.00/SF
NOI
$81.4K $11.66/SF
Area
ZIP 97223
Vacancy
7.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,627,040
Cap Rate 7%
$1,162,171
Cap Rate 9%
$903,911
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
66%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 81%
Shops & Services 19%
Hampton Inn
Hotels & Casinos
3,964 visits/mo
0.3 miles
Extra Space Storage
Shops & Services
1,057 visits/mo
0.3 miles
Quality Inn Tigard - Portland Southwest
Hotels & Casinos
682 visits/mo
0.4 miles
Demographics for 97223, OR
49,967
Population
21,428
Households
2.3
Avg Household Size
39
Median Age
50%
College-Educated
95%
High-School Grad
11.1 sq mi
ZIP Area
4,502
Density / Sq Mi
$108,040
Median Household Income
$57,411
Median Earnings
$1,726
Median Rent
$577,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Portland, OR
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
