Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    14523-14525 SW Millikan Way Beaverton, OR 97005

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $17 SF/Yr

    Office space for rent with open layout and parking.

    Property size:
    43,421 SF
    Lot size:
    10.73 Acres

    Property Features for 14523-14525 SW Millikan Way

    General Information

    Size
    43,421 SF
    Lot size
    10.73 Acres

    We can help!

    Listing Contact
    Rennie Dunn
    Source: Moodyscre

    Listing Agent: Rennie Dunn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Beaverton Office Space Available

    This office space, located in Beaverton, Oregon, offers an open layout ready for tenant improvements. The property features an 18-foot ceiling height and abundant window lines. Parking is available at a rate of up to 7 spaces per 1,000 square feet. Bike parking is also provided. The asking rate is $17.50 per square foot, NNN. The property size is 43,421 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beaverton
    County
    Washington
    State
    Oregon
    Longitude
    -122.825263
    Latitude
    45.495598

    Nearby Similar for Lease

    • $28 SF/Yr
      577,843 SF

      West End District Retail Spaces

      Retail, restaurant, and service spaces available in Beaverton's West End.
      14700 SW Rocket St, Beaverton, OR 97005
      View Details
    • $35 SF/Yr
      4,145 SF

      Prime Retail/Restaurant Space Available

      Class-A retail or restaurant space in downtown Beaverton. Available now.
      12230 SW Broadway St, Beaverton, OR 97005
      View Details
    • Contact for pricing

      Beaverton Warehouse Opportunity For Lease

      60,000 SF warehouse on 7.4 acres in Beaverton.
      5051 SW Western Ave, Beaverton, OR 97005
      View Details
    • Contact for pricing

      Class A Suburban Office Building

      Move-in ready office space with building signage and tenant amenities.
      6600 SW 105Th Ave, Beaverton, OR 97008
      View Details
    • Contact for pricing
      29,000 SF

      Creative Office Space Available

      Office suite with creative finishes in mixed-use development.
      14795 Southwest Murray Scholls Dr, Beaverton, OR 97007
      View Details
    • $28 SF/Yr
      12,000 SF

      Retail Space in Jenkins Junction

      Retail space with high visibility and convenient access to downtown.
      16755 SW Baseline Rd, Beaverton, OR 97006
      View Details
    • Contact for pricing

      Beaverton Office Space For Rent

      Well-connected office space in a rapidly growing Beaverton community.
      9725 SW Beaverton Hillsdale Hwy, Beaverton, OR 97005
      View Details
    • Contact for pricing

      Aloha Specialty Property For Rent

      Specialty property in Aloha, Oregon, formerly Northwest Chinese Academy.
      16860 SW Blanton St, Beaverton, OR 97007
      View Details
    • Contact for pricing

      Renovated Office Space in Beaverton

      Modern, renovated office space with high visibility and easy access.
      Beaverton, OR 97005
      View Details
    • Contact for pricing
      49,286 SF

      Retail Space in Downtown Beaverton

      Retail/service space with high visibility and abundant parking.
      3850 SW Hall Blvd, Beaverton, OR 97005
      View Details
    • $25 SF/Yr
      3,305 SF

      Apple Way Corner Office Space

      Beaverton, OR: Prime Office Opportunity
      8540 Beaverton Hillsdale Hwy, Beaverton, OR 97225
      View Details
    • Contact for pricing

      Canyon Crossings Retail/Office Space

      New mixed-use project with retail and office suites available for rent.
      11350 SW Canyon Rd, Beaverton, OR 97005
      View Details

    FAQs

    What type of property is this?
    Office space - Office space for rent with open layout and parking.
    Where is this office space located?
    The property is located at 14523-14525 SW Millikan Way Beaverton, OR.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Open layout, ready for tenant improvements; - Up to 7/1,000 sf parking; - 18' ceiling height
    (503) 595-2840
    Request Owner's contact information
    14523-14525 SW Millikan Way Beaverton, OR 97005
    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.
    14523-14525 SW Millikan Way
    Beaverton, OR 97005
    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
    14523-14525 SW Millikan Way Beaverton, OR 97005
    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

    We can help!
    Listing Contact
    Rennie Dunn
    (503) 595-2840
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.