Zoned Retail Property with
For Sale
Contact for pricing
13015 SW Pacific Hwy, Portland, OR 97223
Retail property offering 24 parking spaces and Hwy 99W frontage with a curb cut.
Property Size8,760 SF
Price / SF$359.59
Days on Market474
Property Features for 13015 SW Pacific Hwy
General Information
Standard status
Active
Size
8,760 SF
Total Parking Spaces
24
Property subtype
RETAIL
Zoning
C-G
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Norris & Stevens, Inc. - Corporate
(503) 225-8465
Listed By:
Duane Link
Source:
Moodyscre
Added: Apr 16, 2025
Changed: Jul 28
Last Checked: Aug 1 at 2:00PM
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 Norris & Stevens, Inc. - Corporate
Investment Insights
Based on property information with market context.
This retail property includes frontage with a curb cut on Hwy 99W and provides 24 parking spaces for customer and employee use. The site is positioned mid-block for an easy left turn from Hwy 99W, supporting practical access for daily traffic.
Located minutes from I-5 and Hwy 217, the property is currently occupied. It is zoned C-G Tigard (General Commercial), offering a base for a range of commercial retail uses under the applicable zoning.
The offering presents a maintained retail site with on-site parking and convenient road access on a major corridor, suitable for buyers seeking a commercially zoned, income-producing asset.
Located minutes from I-5 and Hwy 217, the property is currently occupied. It is zoned C-G Tigard (General Commercial), offering a base for a range of commercial retail uses under the applicable zoning.
The offering presents a maintained retail site with on-site parking and convenient road access on a major corridor, suitable for buyers seeking a commercially zoned, income-producing asset.
Key Highlights
- 24 parking spaces
- Hwy 99W frontage with a curb cut for access
- Mid‑block location with easy left turn on Hwy 99W
Financial Insights For Retail
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 | $157.7k | $18.00 |
| − Vacancy | −$11.8k | −$1.35 |
| EGI | $145.9k | $16.65 |
| − OpEx | −$43.8k | −$5.00 |
| NOI | $102.1k | $11.66 |
8,760 SF · lease $18.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.46M
$1.28M – $1.70M
NOI $102,098 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,202 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Hotels & Casinos 27%
Carquest Auto Parts # 15656
Shops & Services
3,519 visits/mo
0.1 miles
Comfort Suites Portland Southwest
Hotels & Casinos
1,299 visits/mo
0.2 miles
Extra Space Storage
Shops & Services
1,057 visits/mo
0.3 miles
Extra Space Storage
Shops & Services
740 visits/mo
0.3 miles
Quality Inn Tigard - Portland Southwest
Hotels & Casinos
682 visits/mo
0.2 miles
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
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail property offering 24 parking spaces and Hwy 99W frontage with a curb cut.
Where is this retail space located?
The property is located at 13015 SW Pacific Hwy Portland, OR.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: 24 parking spaces; Hwy 99W frontage with a curb cut for access; Mid‑block location with easy left turn on Hwy 99W
