Tigard Multi-Tenant Office Investment
12720 SW Pacific Hwy, Tigard, OR 97223
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Multi-tenant office building in Tigard with income and value creation.
Type:Office, Retail
Property size:
5,068 SFPrice / SF:
$275/SF- Added:
- Mar 24, 2026
- Days on Market:
- 96
- Last Refresh:
- Mar 25 at 9:00 pm
Property Features for 12720 SW Pacific Hwy
General Information
- Standard status
- Active
- Size
- 5,068 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1964
Listing office Berkshire Hathaway HomeServices NW Real Estate (971) 300-9272
Listing date Mar 24, 2026
Source Crexi
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
HighLights
- Multi‑tenant office building in Tigard's MU‑CBD corridor with income from 2 leased suites and 3 suites available for owner‑user or lease‑up.
- High visibility location on SW Pacific Hwy with approximately 40,000 vehicles per day and prominent on‑building signage.
- MU‑CBD zoning permits a wide range of uses including medical, professional office, retail, and residential.
- Individually improved suites with dual entrances and separately metered electrical service; ground‑level suites feature higher‑capacity HVAC.
- Updated in 2021 with features like natural stone façade, wood siding (repainted in 2022), granite countertops, quartz finishes, and natural wood paneled ceilings in select suites.
- Suite 1 is turnkey ready for medical use, and Suites 1 & 3 can be combined for a larger space.
Overview
Located along SW Pacific Hwy in Tigard’s MU-CBD corridor, this multi-tenant office building presents an investment opportunity. The 5,068 SF building is configured into 5 suites, with 2 leased units providing in-place income and 3 suites available for owner-user occupancy or lease-up. Originally built in 1964 and updated in 2021, the property features individually improved suites, each with dual entrances and separately metered electrical service. Ground-level spaces are equipped with higher-capacity HVAC, supporting a range of medical and professional uses. The exterior showcases a natural stone façade with wood siding, repainted in 2022. Positioned along SW Pacific Hwy, the property benefits from strong visibility with approximately 40,000 vehicles per day and prominent on-building signage. Suite 1 (1,172 SF) is a former chiropractic suite with reception, granite counter tops, natural wood paneled ceilings and wainscoting, six private offices, kitchenette, and strong natural light in each office, turnkey ready for medical use. Suite 3 (875 SF) has a medical/professional layout with five offices, reception, laundry, and quartz finishes. Suites 1 & 3 can be combined into ±2,047 SF or function independently with separate entrances. Suites 2 (985 SF) and Suite 4 (820 SF) are currently leased with long-tenured tax professional and an established massage practice, providing immediate income. Suite 5 (1,188 SF) is a finished basement with three offices, large entry area, sink, laundry hookup, and storage. MU-CBD zoning permits medical, professional office, retail, and residential uses, providing long-term development optionality. The location benefits from a robust daytime population of approximately 66,010, with an influx of nearly 21,928 additional daytime customers during business hours.
Local 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.
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Tigard
- County
- Washington
- State
- Oregon
- Longitude
- -122.7763451
- Latitude
- 45.4274209
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Multi-tenant office building in Tigard with income and value creation.
Where is this office units located?
The property is located at 12720 SW Pacific Hwy Tigard, 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: Multi‑tenant office building in Tigard's MU‑CBD corridor with income from 2 leased suites and 3 suites available for owner‑user or lease‑up.; High visibility location on SW Pacific Hwy with approximately 40,000 vehicles per day and prominent on‑building signage.; MU‑CBD zoning permits a wide range of uses including medical, professional office, retail, and residential.
