High Visibility Commercial
For Sale
$2,850,000
14480 SW Jenkins Rd, Beaverton, OR 97005
Prominent corner location near Nike and Tektronix, suitable for various uses.
Property Size8,353 SF
Price / SF$341.19
Days on Market230
Property Features for 14480 SW Jenkins Rd
General Information
Standard status
Active
Size
8,353 SF
Building Details
Year Built
1960
Listing Agency:
Coldwell Banker Bain
Listed By:
Brent Barker · License #201232075
(541) 382-4123
Source:
Evokepropertypartners
Added: Jan 26
Changed: Sep 8
Last Checked: Sep 13 at 12:11PM
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 Coldwell Banker Bain
Investment Insights
Based on property information with market context.
This commercial property is located on a prominent southeast corner near the Nike World Campus and Tektronix. Formerly a Tualatin Valley Fire Department, the property is classified as Class C and zoned Office Industrial (OI), allowing for office, flex, and light manufacturing uses. Potential uses include financial institutions, medical facilities, day care centers, restaurants, food cart pods, professional services, and warehouses. The property includes kitchen and shower facilities and has over 20 parking spaces. It benefits from a signalized intersection, offering high visibility.
Key Highlights
- High visibility commercial property on prominent SE corner of Nike World Campus and Tektronix.
- Zoned Office Industrial (OI) allowing for Office, Flex, and Light Manufacturing.
- 20+ Parking spaces available.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$129,229
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,584,580
$2.6M
Cap Rate 7%
$1,846,129
$1.8M
Cap Rate 9%
$1,435,878
$1.4M
Market Conditions
NOI Build-Up for 8,353 SF
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.
Gross rent
$180.4K $21.60/SF
− Vacancy
−$8.1K −$0.97/SF
EGI
$172.3K $20.63/SF
− OpEx
−$43.1K −$5.16/SF
NOI
$129.2K $15.47/SF
Area
Washington County, OR
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,584,580
Cap Rate 7%
$1,846,129
Cap Rate 9%
$1,435,878
Alternative Uses
Best Use
Specialty Retail
$1.85M
$1.62M – $2.15M
NOI $129,229 @ 7.0% cap · market cap 4.53%
Second Best
Office B
$1.54M
$1.35M – $1.80M
NOI $108,127 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$2.25M
$1.97M – $2.63M
NOI $157,828 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97005, OR
26,873
Population
12,130
Households
2.2
Avg Household Size
36
Median Age
38%
College-Educated
87%
High-School Grad
5.1 sq mi
ZIP Area
5,269
Density / Sq Mi
$74,306
Median Household Income
$42,406
Median Earnings
$1,551
Median Rent
$476,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Prominent corner location near Nike and Tektronix, suitable for various uses.
Where is this flex space located?
The property is located at 14480 SW Jenkins Rd Beaverton, OR.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: High visibility commercial property on prominent SE corner of Nike World Campus and Tektronix.; Zoned Office Industrial (OI) allowing for Office, Flex, and Light Manufacturing.; 20+ Parking spaces available.
