Office Building with I-5
For Sale
Contact for pricing
13190 SW 68th Pkwy, Portland, OR 97223
Updated office building with solar panels and prominent I-5 signage, on a lot suited for additional parking.
Property Size39,390 SF
Price / SF$228.48
Days on Market272
Property Features for 13190 SW 68th Pkwy
General Information
Standard status
Active
Size
39,390 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
prominent signage
solar panels
Listing Agency:
CBRE | Portland
(503) 221-1900
Listed By:
Jennifer Medak · License #931200267
(503) 221-4853
Source:
Moodyscre
Added: Feb 2
Changed: Oct 25
Last Checked: Nov 1 at 8:21AM
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 CBRE | Portland
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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 updated office building is positioned for flexible use by owners and occupants, with solar panels included to help lower expenses for occupants and/or owner occupants. The property sits on a lot sized to support parking at a rate of 5.8/1,000 and allows for additional outdoor amenities to be added by the buyer.
The site is located at the confluence of three major thoroughfares: Hwy 99, Interstate 5, and Hwy 217. Prominent signage is available and is described as being visible from I-5. The offering also notes Washington County taxes and the ability to utilize a Portland or Tigard address.
Overall, the property presents an updated office building with energy-generating improvements and visibility tied to interstate access.
The site is located at the confluence of three major thoroughfares: Hwy 99, Interstate 5, and Hwy 217. Prominent signage is available and is described as being visible from I-5. The offering also notes Washington County taxes and the ability to utilize a Portland or Tigard address.
Overall, the property presents an updated office building with energy-generating improvements and visibility tied to interstate access.
Key Highlights
- Updated office building with solar panels to help lower expenses for occupants and/or owner‑occupants
- Location at the confluence of Hwy 99, Interstate 5, and Hwy 217
- Prominent signage visible from I‑5 available for added visibility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$509,892
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,197,840
$10.2M
Cap Rate 7%
$7,284,171
$7.3M
Cap Rate 9%
$5,665,467
$5.7M
Market Conditions
NOI Build-Up for 39,390 SF
Gross rent
$898.1K $22.80/SF
− Vacancy
−$218.2K −$5.54/SF
EGI
$679.9K $17.26/SF
− OpEx
−$170.0K −$4.31/SF
NOI
$509.9K $12.94/SF
Area
ZIP 97223
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,197,840
Cap Rate 7%
$7,284,171
Cap Rate 9%
$5,665,467
Alternative Uses
Best Use
Office B
$7.28M
$6.37M – $8.50M
NOI $509,892 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.06M
$9.68M – $12.91M
NOI $774,318 @ 7.0% cap · market cap 8.60%
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
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,233
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Office building - Updated office building with solar panels and prominent I-5 signage, on a lot suited for additional parking.
Where is this office building located?
The property is located at 13190 SW 68th Pkwy Portland, OR.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Updated office building with solar panels to help lower expenses for occupants and/or owner‑occupants; Location at the confluence of Hwy 99, Interstate 5, and Hwy 217; Prominent signage visible from I‑5 available for added visibility
