Industrial Land with Storage
For Sale
Contact for pricing
18520 SW 108th Ave, Tualatin, OR 97062
Flat one-acre industrial lot includes two storage buildings totaling 6,000 SF.
Property Size6,000 SF
Lot Size1.44 Acres
Price / SF$261.50
Days on Market848
Property Features for 18520 SW 108th Ave
General Information
Standard status
Active
Size
6,000 SF
Lot size
1.44 Acres
Property subtype
LAND
Additional Details
Utilities to Site
Yes
Listing Agency:
Macadam Forbes
(503) 227-2500
Listed By:
Stu Peterson · License #820300052
(503) 972-7288
Source:
Moodyscre
Added: May 17, 2024
Changed: Aug 16
Last Checked: Sep 10 at 1:05PM
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 Macadam Forbes
Investment Insights
Based on property information with market context.
The property is a flat, rectangular one-acre industrial lot with two storage buildings on-site. The larger building is 3,350 SF and the second building is 2,650 SF, providing two existing storage spaces within a single parcel.
The site is located in Tualatin and is described as being surrounded by many of SW Portland’s largest employers. The parcel is fully served with utilities, supporting immediate utility of the storage improvements.
This configuration offers a straightforward, existing industrial setup with two separate storage buildings on one fully serviced lot.
The site is located in Tualatin and is described as being surrounded by many of SW Portland’s largest employers. The parcel is fully served with utilities, supporting immediate utility of the storage improvements.
This configuration offers a straightforward, existing industrial setup with two separate storage buildings on one fully serviced lot.
Key Highlights
- Flat, rectangular 1‑acre industrial lot in Tualatin
- Two storage buildings on‑site totaling 6,000 SF (3,350 SF and 2,650 SF)
- Parcel is fully served with all utilities
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
$45,729
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
2.91%
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%
$914,580
$914.6K
Cap Rate 7%
$653,271
$653.3K
Cap Rate 9%
$508,100
$508.1K
Market Conditions
NOI Build-Up for 6,000 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
$57.6K $9.60/SF
− Vacancy
−$3.8K −$0.63/SF
EGI
$53.8K $8.97/SF
− OpEx
−$8.1K −$1.34/SF
NOI
$45.7K $7.62/SF
Area
Washington County, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$914,580
Cap Rate 7%
$653,271
Cap Rate 9%
$508,100
Alternative Uses
Best Use
Warehouse
$653.3K
$571.6K – $762.2K
NOI $45,729 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,368 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97062, OR
29,146
Population
11,659
Households
2.5
Avg Household Size
38
Median Age
46%
College-Educated
94%
High-School Grad
14.2 sq mi
ZIP Area
2,053
Density / Sq Mi
$106,987
Median Household Income
$51,753
Median Earnings
$1,721
Median Rent
$607,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Iron Mountain — 20115 SW 95th Ave, Tualatin, OR 97062
- Lile Warehouse & Distribution — 19470 SW 118th Ave, Tualatin, OR 97062
- North American Van Lines — 19460 SW 118th Ave Suite 100, Tualatin, OR 97062
- Lile North American Moving and Storage — 19460 SW 118th Ave, Tualatin, OR 97062
- Storage 2U — 18855 SW Teton Ave, Tualatin, OR 97062
Frequently Asked Questions
What type of property is this?
Warehouse - Flat one-acre industrial lot includes two storage buildings totaling 6,000 SF.
Where is this warehouse located?
The property is located at 18520 SW 108th Ave Tualatin, OR.
What is the asking price?
The asking price for this property is $1,569,000.
What are key features of this property?
This property features: Flat, rectangular 1‑acre industrial lot in Tualatin; Two storage buildings on‑site totaling 6,000 SF (3,350 SF and 2,650 SF); Parcel is fully served with all utilities
