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 Market565
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) 223-3171
Listed By:
Duane Link
(503) 225-8465
Source:
Moodyscre
Added: Apr 16, 2025
Changed: Oct 25
Last Checked: Nov 1 at 7:51AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$102,098
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,041,960
$2.0M
Cap Rate 7%
$1,458,543
$1.5M
Cap Rate 9%
$1,134,422
$1.1M
Market Conditions
NOI Build-Up for 8,760 SF
Gross rent
$157.7K $18.00/SF
− Vacancy
−$11.8K −$1.35/SF
EGI
$145.9K $16.65/SF
− OpEx
−$43.8K −$5.00/SF
NOI
$102.1K $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%
$2,041,960
Cap Rate 7%
$1,458,543
Cap Rate 9%
$1,134,422
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
861
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Portland, OR
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
