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

    11642 SW Pacific Hwy Tigard, OR 97223

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Multi-tenant retail property with development potential in Tigard, Oregon.

    Property Features for 11642 SW Pacific Hwy

    General Information

    Zoning
    COM - Commercial, City of Tigard

    Building Details

    Year built
    1967

    We can help!

    Listing Contact
    Rhys Konrad
    Source: Macadamforbes

    Listing Agent: Rhys Konrad

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

    Learn more

    Overview

    Tigard Retail Investment Opportunity

    This multi-tenant investment opportunity is located in Tigard, Oregon, offering a prime Westside location. The property features a building of approximately 6,980 square feet across two levels, situated on approximately 0.78 acres. The rear of the property includes excess land suitable for developing an additional structure or parking. Currently 66% occupied, the property presents an upside income potential through future leasing. Located along SW Pacific Highway, the area benefits from high visibility and significant foot traffic, making it ideal for retail businesses. The location is near Washington Square and Bridgeport Village malls, which attract locals and visitors. The surrounding affluent neighborhoods provide a strong customer base. Tigard presents an opportunity for retail investors looking to establish a presence in a dynamic and thriving community. The property is an underdeveloped site with potential for an additional building.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Tigard Plaza, Pacific Crossroads, Coinstar Kiosk - Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Tigard
    County
    Washington
    State
    Oregon
    Longitude
    -122.7542403
    Latitude
    45.4376862

    Nearby Similar for Sale

    • Contact for pricing

      Tigard Triangle Class A Office

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

      Tigard Triangle Class A Office

      Class A office building in the desirable Tigard Triangle.
      7307 SW Beveland St, Tigard, OR 97223
      View Details
    • $2,500,000
      7,990 SF

      Former Bank Building with Drive-Thru

      7,990 SF former bank building, redevelopment opportunity near Washington Square.
      9185 Southwest Hall Blvd, Tigard, OR 97223
      View Details
    • Contact for pricing

      Tigard Automotive Opportunity For Sale

      Automotive property in Tigard with five service bays.
      11646 SW Pacific Hwy, Tigard, OR 97223
      View Details
    • Contact for pricing

      Renovated Office Building in Tigard

      Office/retail property with detached unit and shop near I-5.
      7060 Southwest Beveland St, Tigard, OR 97223
      View Details
    • Contact for pricing

      Corporate Plaza Ground Floor Office

      Ground floor office space with abundant parking and natural light.
      11501 SW Pacific Hwy, Tigard, OR 97223
      View Details
    • $6,300,000
      29,351 SF

      Renovated Office Building For Sale

      Completely renovated office building with Class A finishes available for sale.
      12725 SW 66 Ave, Tigard, OR
      View Details
    • Contact for pricing

      Downtown Tigard Office Building

      Two-story office building in downtown Tigard, Oregon.
      Tigard, OR 97223
      View Details
    • Contact for pricing

      Hall Boulevard Medical Office

      Medical office building with frontage on Hall Boulevard.
      11565 SW Hall Blvd, Tigard, OR 97223
      View Details
    • $1,075,000
      2,630 SF

      Renovated Office Building For Sale

      Fully renovated office building with ample parking and excellent visibility.
      12555 SW Hall Blvd, Tigard, OR 97223
      View Details
    • $1,350,000
      3,067 SF

      Freestanding Office Building For Sale

      Freestanding office building with off-street parking, near I-5.
      7060 SW Beveland Rd, Tigard, OR
      View Details
    • Contact for pricing
      7,166 SF

      Retail Property in Tigard, Oregon

      Retail property with 7,166 square feet of space.
      11995-11999 SW Pacific Hwy, Tigard, OR 97223
      View Details

    FAQs

    What type of property is this?
    Shopping center - Multi-tenant retail property with development potential in Tigard, Oregon.
    Where is this shopping center located?
    The property is located at 11642 SW Pacific Hwy Tigard, OR.
    What are key features of this property?
    This property features: - Multi-tenant investment opportunity with upside income potential through future leasing of the 34% currently unoccupied space.; - Located in a high-visibility, high-traffic area of Tigard, Oregon, near affluent neighborhoods and major shopping centers.; - Large 0.78-acre property with excess land suitable for developing an additional structure or parking.
    (503) 972-7293
    Request Owner's contact information
    11642 SW Pacific Hwy Tigard, OR 97223
    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.
    11642 SW Pacific Hwy
    Tigard, OR 97223
    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
    11642 SW Pacific Hwy Tigard, OR 97223
    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
    Rhys Konrad
    Real Estate License ID: OR #201205396
    (503) 972-7293
    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.