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    12080 Southwest Main St Portland, OR 97223

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    For Lease
    $14 SF/Yr

    Former Rite Aid location with ample parking in downtown Tigard.

    Property size:
    36,270 SF
    Lot size:
    36,270 SF

    Property Features for 12080 Southwest Main St

    General Information

    Size
    36,270 SF

    Source: Nicholas Diamond Agent Nicholas Diamond

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

    Overview

    Downtown Tigard Anchor Space Available

    Available for lease are anchor spaces in downtown Tigard, Oregon, situated off 99W near the intersection of HWY 217. The property, formerly a Rite Aid, features a retail buildout and ample parking with 117 parking stalls, plus shared and cross easements. The flexible space ranges from approximately 24,920 to 36,270 square feet. Zoned Tigard MU-CBD (Mixed Use Central Business District), the property benefits from a Main Street connection in downtown Tigard.
    Location Intelligence

    Current Use by Public Records

    Rite Aid Pharmacy Pharmacy Daniel Hutanu, PharmD Pharmacy CDReload - Online Bitcoin ... Crypto Atm Amazon Locker - Maurice Mailing Service Rite Aid Drug Store

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.7669651
    Latitude
    45.4318227

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    FAQs

    What type of property is this?
    Drug store - Former Rite Aid location with ample parking in downtown Tigard.
    Where is this drug store located?
    The property is located at 12080 Southwest Main St Portland, OR.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Prominent anchor opportunity in downtown Tigard; - Ample parking with 117 parking stalls, shared and cross easements; - Located off of 99W near the intersection of HWY 217
    (503) 222-2655
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    12080 Southwest Main St Portland, OR 97223
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    Portland, OR 97223
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    Realmo Value Estimation

    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.

    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.

    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
    12080 Southwest Main St Portland, OR 97223
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