Tualatin Manufacturing/Warehouse
For Sale
Contact for pricing
12225 SW Myslony St, Tualatin, OR 97062
Rare owner/user opportunity in Tualatin with plentiful loading doors.
Property Size73,520 SF
Price / SF$180.22
Days on Market257
Property Features for 12225 SW Myslony St
General Information
Standard status
Active
Size
73,520 SF
Property subtype
Industrial
Zoning
MG
Investment Type
Owner/User
Listing Agency:
Macadam Forbes
(503) 227-2500
Listed By:
Kevin VandenBrink · License #OR 990200037
Source:
Crexi
Added: Nov 27, 2025
Changed: Aug 8
Last Checked: Aug 10 at 12:00PM
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 property presents a rare opportunity for an owner or user to acquire a building in Tualatin. Available January 1, 2026, the building is located in a supply-constrained market. The property, previously used for manufacturing, features disbursed restrooms, compressed airlines, and electrical distribution throughout the warehouse. The building offers plentiful loading doors. The property is strategically positioned near the junction of Interstate 5 and Interstate 205. The building has a property size of 73520 square feet.
Key Highlights
- Rare owner/user opportunity in Tualatin.
- Available January 1, 2026.
- Plentiful loading doors.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$560,328
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,206,560
$11.2M
Cap Rate 7%
$8,004,686
$8.0M
Cap Rate 9%
$6,225,867
$6.2M
Market Conditions
NOI Build-Up for 73,520 SF
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.
Gross rent
$705.8K $9.60/SF
− Vacancy
−$46.6K −$0.63/SF
EGI
$659.2K $8.97/SF
− OpEx
−$98.9K −$1.34/SF
NOI
$560.3K $7.62/SF
Area
Washington County, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$11,206,560
Cap Rate 7%
$8,004,686
Cap Rate 9%
$6,225,867
Alternative Uses
Best Use
Warehouse
$8.00M
$7.00M – $9.34M
NOI $560,328 @ 7.0% cap · market cap 4.23%
Second Best
Industrial
$6.59M
$5.77M – $7.69M
NOI $461,447 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$19.84M
$17.36M – $23.15M
NOI $1,389,140 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
Explore this area
Business Placement
Demographics for 97062, OR
29,146
Population
11,659
Households
2.5
Avg Household Size
38
Median Age
46%
College-Educated
94%
High-School Grad
14.2 sq mi
ZIP Area
2,053
Density / Sq Mi
$106,987
Median Household Income
$51,753
Median Earnings
$1,721
Median Rent
$607,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Rare owner/user opportunity in Tualatin with plentiful loading doors.
Where is this manufacturing property located?
The property is located at 12225 SW Myslony St Tualatin, OR.
What is the asking price?
The asking price for this property is $13,250,000.
What are key features of this property?
This property features: Rare owner/user opportunity in Tualatin.; Available January 1, 2026.; Plentiful loading doors.
