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 Market279
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
(602) 697-7769
Source:
Evokepropertypartners
Added: Jan 26
Changed: Oct 25
Last Checked: Oct 7 at 4:26PM
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
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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 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 / Yr
$129,229
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Flour Power Catering — 995 SW Tropicana Ave, Beaverton, OR 97005
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.
