Equipped Conventional
For Sale
$690,000
18810 SW Boones Ferry Rd, Tualatin, OR 97062
CommercialSale, Tualatin, OR
Property Size2,300 SF
Price / SF$300
Days on Market339
Property Features for 18810 SW Boones Ferry Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
comm
Directions
Call Listing Broker for directions
Subdivision
_151
Standard status
Active
APN
R2168707
Size
2,300 SF
Taxes and HOA fees
Tax Description
No Building for sale; Teriyaki Restaurant Business fro sale
Tax Annual Amount
3850
Legal Description
No Building for sale; Teriyaki Restaurant Business fro sale
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Floors in Building
3
Building materials
Brick
Listing Agency:
Realty First
(503) 343-5825
Listed By:
Sam Kim
(503) 810-8949
Added: Sep 26, 2025
Changed: Aug 25
Last Checked: Aug 30 at 4:06AM
MLS# 460236669
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This conventional restaurant business occupies a 2,300-square-foot facility with indoor booth and table seating plus an outdoor patio. The brick building includes forced-air heating and central air conditioning. Kitchen improvements include commercial grills, griddles, multiple fryers, prep stations, and walk-in refrigerator and freezer units. A separate beverage station supports the existing food-service layout.
Operations accommodate dine-in, takeout, delivery, and catering. The property is located at 18810 SW Boones Ferry Rd in Tualatin, Oregon, within Washington County, and carries commercial zoning. An assumable lease is available, subject to applicable terms and approval.
Operations accommodate dine-in, takeout, delivery, and catering. The property is located at 18810 SW Boones Ferry Rd in Tualatin, Oregon, within Washington County, and carries commercial zoning. An assumable lease is available, subject to applicable terms and approval.
Key Highlights
- 2,300 SF restaurant facility in Tualatin, Oregon
- Commercial kitchen with grills, griddles, multiple fryers, and prep stations
- Walk‑in refrigerator and freezer units for cold storage
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
$35,583
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
5.16%
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%
$711,660
$711.7K
Cap Rate 7%
$508,329
$508.3K
Cap Rate 9%
$395,367
$395.4K
Market Conditions
NOI Build-Up for 2,300 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
$49.7K $21.60/SF
− Vacancy
−$2.2K −$0.97/SF
EGI
$47.4K $20.63/SF
− OpEx
−$11.9K −$5.16/SF
NOI
$35.6K $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%
$711,660
Cap Rate 7%
$508,329
Cap Rate 9%
$395,367
Alternative Uses
Best Use
Specialty Retail
$508.3K
$444.8K – $593.1K
NOI $35,583 @ 7.0% cap · market cap 5.16%
Second Best
Industrial
$206.2K
$180.5K – $240.6K
NOI $14,436 @ 7.0% cap · market cap 2.09%
Theoretical Best
Office A
$620.8K
$543.2K – $724.3K
NOI $43,458 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,796
Businesses Nearby
Under-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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant business with dine-in seating, patio service, and a commercial kitchen configured for multiple service channels.
Where is this conventional restaurant located?
The property is located at 18810 SW Boones Ferry Rd Tualatin, OR.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 2,300 SF restaurant facility in Tualatin, Oregon; Commercial kitchen with grills, griddles, multiple fryers, and prep stations; Walk‑in refrigerator and freezer units for cold storage
