Office Building with I-5
13190 SW 68th Pkwy Portland, OR 97223
For Sale
Contact for pricing
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 Market178
Property Features for 13190 SW 68th Pkwy
General Information
Standard status
Active
Size
39,390 SF
Property subtype
OFFICE
Listing Agency:
CBRE | Portland
(503) 221-4853
Listed By:
Jennifer Medak
Source:
Moodyscre
Added: Feb 2
Changed: Jul 27
Last Checked: Jul 29 at 2:52PM
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
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 For Office B
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 | $898.1k | $22.80 |
| − Vacancy | −$218.2k | −$5.54 |
| EGI | $679.9k | $17.26 |
| − OpEx | −$170.0k | −$4.31 |
| NOI | $509.9k | $12.94 |
39,390 SF · lease $22.80/SF/yr · vacancy 24.30% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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
