Flex Space with Fenced
New
For Sale
$5,750,000
18880 SW Teton Avenue, Tualatin, OR 97062
Warehouse and office areas are complemented by a fenced yard accessible from the warehouse.
Property Size29,168 SF
Price / SF$197.13
Days on Market4
Property Features for 18880 SW Teton Avenue
General Information
Standard status
Active
Size
29,168 SF
Total Parking Spaces
49
Property subtype
Industrial
Zoning
General Manufacturing City of Tualatin
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
24 ft
Warehouse Space
20,000 SF
Drive-In Doors
5
Power
600 amps
Voltage
480 V
Sprinkler System
Yes
Amenities
elevator
Building Details
Building Size
29,168 SF
Year Built
1996
Stories
2
Listed By:
Stu Peterson, SIOR · License #OR #820300052
(503) 972-7288
Source:
Macadamforbes
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 4 at 7:49AM
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 Stu Peterson, SIOR
Investment Insights
Based on property information with market context.
Built in 1996, this 29,168-square-foot flex property includes a 20,000-square-foot shop area and office space. Five street-level loading doors serve the building, with the warehouse connecting directly to the fenced yard. The building has 24-foot clear height and 600 amps of 480/277 electrical service. An elevator serves the property, and men’s and women’s restrooms are provided on both floors. The office is described as being in great condition.
The property is zoned General Manufacturing by the City of Tualatin. Site features include 49 striped parking spaces and a sprinkler system.
The property is zoned General Manufacturing by the City of Tualatin. Site features include 49 striped parking spaces and a sprinkler system.
Key Highlights
- 29,168 SF building with a 20,000 SF shop area
- Five street‑level loading doors
- 24' clear height
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
$320,790
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
5.58%
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%
$6,415,800
$6.4M
Cap Rate 7%
$4,582,714
$4.6M
Cap Rate 9%
$3,564,333
$3.6M
Market Conditions
NOI Build-Up for 29,168 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
$525.0K $18.00/SF
− Vacancy
−$31.5K −$1.08/SF
EGI
$493.5K $16.92/SF
− OpEx
−$172.7K −$5.92/SF
NOI
$320.8K $11.00/SF
Area
Washington County, OR
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$6,415,800
Cap Rate 7%
$4,582,714
Cap Rate 9%
$3,564,333
Alternative Uses
Best Use
Flex RnD
$4.58M
$4.01M – $5.35M
NOI $320,790 @ 7.0% cap · market cap 5.58%
Second Best
Warehouse
$3.18M
$2.78M – $3.71M
NOI $222,302 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$7.87M
$6.89M – $9.19M
NOI $551,121 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
24 ft
Clear height
5
Drive-in doors
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
439
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and office areas are complemented by a fenced yard accessible from the warehouse.
Where is this flex space located?
The property is located at 18880 SW Teton Avenue Tualatin, OR.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: 29,168 SF building with a 20,000 SF shop area; Five street‑level loading doors; 24' clear height
