Flex Warehouse with
For Sale
$3,260,000
18057 SW Teton Avenue, Tualatin, OR 97062
Well-maintained flex property with efficient office buildout and strong parking for distribution or light manufacturing use.
Property Size13,600 SF
Price / SF$239.71
Days on Market95
Property Features for 18057 SW Teton Avenue
General Information
Standard status
Active
Size
13,600 SF
Property subtype
Industrial
Zoning
ML, Light Manufacturing
Additional Details
Highway Access
Yes
Building Details
Building Size
13,600 SF
Year Built
1992
Listing Agency:
Macadam Forbes
Listed By:
Joe Curran · License #OR #200812036
(503) 616-0992
Source:
Macadamforbes
Added: Jun 4
Changed: Sep 4
Last Checked: Sep 5 at 4:52AM
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 flex warehouse property is designed for distribution or light manufacturing, with a well-maintained warehouse area paired with an efficient office layout. The office component includes private offices, a conference room, break room, and a reception area, along with additional second-floor office space. The overall setup supports day-to-day operational needs while keeping administrative functions on-site.
The property is located at the corner of SW Teton Avenue and SW Tualatin Road in Tualatin, Oregon. It offers high-visibility positioning and easy access to major routes, including I-5 and Hwy 99, which can be important for inbound deliveries and customer or contractor access.
For buyers seeking a single property that combines warehouse functionality with dedicated office space, this configuration can fit a range of light industrial and logistics requirements. The combination of on-site administrative areas and ample parking supports tenant operations and helps streamline workflow for staff, meetings, and receiving-related activities.
The property is located at the corner of SW Teton Avenue and SW Tualatin Road in Tualatin, Oregon. It offers high-visibility positioning and easy access to major routes, including I-5 and Hwy 99, which can be important for inbound deliveries and customer or contractor access.
For buyers seeking a single property that combines warehouse functionality with dedicated office space, this configuration can fit a range of light industrial and logistics requirements. The combination of on-site administrative areas and ample parking supports tenant operations and helps streamline workflow for staff, meetings, and receiving-related activities.
Key Highlights
- Well‑maintained flex property with office buildout for distribution or light manufacturing use
- High visibility corner location at SW Teton and SW Tualatin Road
- Efficient office layout with private offices, conference room, break room, and reception area
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
$149,573
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
4.59%
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%
$2,991,460
$3.0M
Cap Rate 7%
$2,136,757
$2.1M
Cap Rate 9%
$1,661,922
$1.7M
Market Conditions
NOI Build-Up for 13,600 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
$244.8K $18.00/SF
− Vacancy
−$14.7K −$1.08/SF
EGI
$230.1K $16.92/SF
− OpEx
−$80.5K −$5.92/SF
NOI
$149.6K $11.00/SF
Area
Washington County, OR
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$2,991,460
Cap Rate 7%
$2,136,757
Cap Rate 9%
$1,661,922
Alternative Uses
Best Use
Flex RnD
$2.14M
$1.87M – $2.49M
NOI $149,573 @ 7.0% cap · market cap 4.59%
Second Best
Industrial
$1.22M
$1.07M – $1.42M
NOI $85,360 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$3.67M
$3.21M – $4.28M
NOI $256,968 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Under-served
Demand for This Use
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?
Flex space - Well-maintained flex property with efficient office buildout and strong parking for distribution or light manufacturing use.
Where is this flex space located?
The property is located at 18057 SW Teton Avenue Tualatin, OR.
What is the asking price?
The asking price for this property is $3,260,000.
What are key features of this property?
This property features: Well‑maintained flex property with office buildout for distribution or light manufacturing use; High visibility corner location at SW Teton and SW Tualatin Road; Efficient office layout with private offices, conference room, break room, and reception area
