Multi-Suite Medical and Office
12720 Sw Pacific Hwy Portland, OR 97223
For Sale
$1,395,000
Pending
Fully renovated multi-suite office building with on-site parking and individually metered electric service.
Property Size5,068 SF
Days on Market122
Property Features for 12720 Sw Pacific Hwy
General Information
- Standard status
- Pending
- Size
- 5,068 SF
Listing Agency:
Berkshire Hathaway HomeServices NW Real Estate
(971) 300-9272
Listed By:
Lauren Musco · License #201207198
(971) 300-9272
Source:
Exprealty
Added: Mar 24
Changed: Jul 23
Last Checked: Jul 23 at 11:01AM
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 Berkshire Hathaway HomeServices NW Real Estate
Investment Insights
Based on property information with market context.
This fully renovated, multi-suite medical and professional office building offers a mix of independently updated suites within a 1964 structure, updated in 2021. The property includes five suites across approximately 5,068 square feet, with interior buildouts for medical and professional use. Suite 1 features a reception area with granite counters and wainscoting, six private offices, recessed lighting, a kitchenette, and natural light throughout. Suite 3 is built out with offices, quartz counters, laundry, and reception, and a shared office/breakroom between Suites 1 and 3 allows the spaces to combine into a larger suite of approximately 2,047 square feet, or operate independently with dual entrances. Suite 5 is a finished basement configuration with dual entrance, three offices, an entrance area, and back room space with a sink and laundry hookup, plus storage. The exterior features a natural stone facade with wood siding painted in 2022, and the building has higher-capacity HVAC.
The property is located in the heart of downtown Tigard’s MU-CBD corridor with prominent signage and approximately 40,000 VPD frontage on SW Pacific Hwy. There are 30 on-site parking spaces, and each suite has its own dual entrance configuration where noted.
The MU-CBD zoning permits medical, professional office, retail, and residential uses, adding flexibility for future occupancy or redevelopment. Two suites are currently leased with long-tenured tenants, while three suites are available for owner-occupancy or lease-up. Each suite has individually updated systems and individually metered electric service per unit.
The property is located in the heart of downtown Tigard’s MU-CBD corridor with prominent signage and approximately 40,000 VPD frontage on SW Pacific Hwy. There are 30 on-site parking spaces, and each suite has its own dual entrance configuration where noted.
The MU-CBD zoning permits medical, professional office, retail, and residential uses, adding flexibility for future occupancy or redevelopment. Two suites are currently leased with long-tenured tenants, while three suites are available for owner-occupancy or lease-up. Each suite has individually updated systems and individually metered electric service per unit.
Key Highlights
- 5,068 SF multi‑suite medical/professional office building with 5 suites in Tigard’s MU‑CBD corridor
- 30 on‑site parking spaces plus approx. 40,000 VPD frontage on SW Pacific Hwy with prominent signage
- Updated 2021 building features natural stone facade with wood siding painted in 2022 and higher‑capacity HVAC
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $133.8k | $26.40 |
| − Vacancy | −$9.4k | −$1.85 |
| EGI | $124.4k | $24.55 |
| − OpEx | −$49.8k | −$9.82 |
| NOI | $74.7k | $14.73 |
5,068 SF · lease $26.40/SF/yr · vacancy 7.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.07M
$933.2K – $1.24M
NOI $74,658 @ 7.0% cap · market cap 5.35%
Second Best
Office B
$937.2K
$820.1K – $1.09M
NOI $65,604 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$1.42M
$1.25M – $1.66M
NOI $99,625 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
InHouse
Medical Clinic
Tilley Robert J ...
Physician
Nueva Esperanza Chiropractic ...
Alternative Medicine Practice
Sunny Massage
Alternative Medicine Practice
Higinio TaxEs LLC
Tax Preparation
Similar Off Market Nearby
- Anderson & Associates Credit Services LLC dba Anderson Collection Agency — 12971 SW Pacific Hwy, Tigard, OR 97223
- Community Pet Hospital — 13500 SW Pacific Hwy #54, Tigard, OR 97223
- Monarch In-Home Pet Euthanasia and Aquamation Cremation — 13500 SW Pacific Hwy ste 58 box 507, Tigard, OR 97223
FAQs
What type of property is this?
Medical Office Space - Fully renovated multi-suite office building with on-site parking and individually metered electric service.
Where is this medical office space located?
The property is located at 12720 Sw Pacific Hwy Portland, OR.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 5,068 SF multi‑suite medical/professional office building with 5 suites in Tigard’s MU‑CBD corridor; 30 on‑site parking spaces plus approx. 40,000 VPD frontage on SW Pacific Hwy with prominent signage; Updated 2021 building features natural stone facade with wood siding painted in 2022 and higher‑capacity HVAC
