Two-Building Retail
12540 & 12550 SW Main Street, Tigard, OR 97223
For Sale
$6,300,000
Both buildings are fully leased, with customer parking and a grade-level roll-up door.
Property Size30,664 SF
Lot Size1.61 Acres
Price / SF$205.45
Days on Market25
Property Features for 12540 & 12550 SW Main Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Additional Details
Cap Rate
Highway Access
Tenant in Place
Amenities
grade level rollup door
Building Details
Building Size
Buildings
Listing Agency:
Commercial Real Estate NW
Listed By:
Denise Brohoski · License #200508190
(503) 309-5106
Source:
Commercialrenw
Added: Oct 16
Changed: Nov 8
Last Checked: Oct 16 at 5:16AM
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 Commercial Real Estate NW
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-building retail property contains 30,664 square feet of improvements on a 1.61-acre site. Both buildings are fully leased, and the property includes 68 off-street parking spaces. One building also has a grade-level roll-up door.
The property is in downtown Tigard, with access to Highway 99W, I-5, and the WES commuter rail. The reported cap rate is 6.5%.
The property is in downtown Tigard, with access to Highway 99W, I-5, and the WES commuter rail. The reported cap rate is 6.5%.
Key Highlights
- 30,664 square feet of improvements across two buildings
- 1.61‑acre site in downtown Tigard
- Both buildings fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$357,389
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,147,780
$7.1M
Cap Rate 7%
$5,105,557
$5.1M
Cap Rate 9%
$3,970,989
$4.0M
Market Conditions
NOI Build-Up for 30,664 SF
Gross rent
$552.0K $18.00/SF
− Vacancy
−$41.4K −$1.35/SF
EGI
$510.6K $16.65/SF
− OpEx
−$153.2K −$5.00/SF
NOI
$357.4K $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%
$7,147,780
Cap Rate 7%
$5,105,557
Cap Rate 9%
$3,970,989
Alternative Uses
Best Use
Retail
$5.11M
$4.47M – $5.96M
NOI $357,389 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.61M
$7.53M – $10.05M
NOI $602,785 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,726
Businesses Nearby
Explore this area
Business Placement
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
Market
Properties on Market for Retail space in Washington County
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Both buildings are fully leased, with customer parking and a grade-level roll-up door.
Where is this retail space located?
The property is located at 12540 & 12550 SW Main Street Tigard, OR.
What is the asking price?
The asking price for this property is $6,300,000.
What are key features of this property?
This property features: 30,664 square feet of improvements across two buildings; 1.61‑acre site in downtown Tigard; Both buildings fully leased
