Tualatin Industrial District Flex
For Sale
Contact for pricing
19435 SW 129th Ave, Tualatin, OR 97062
Flex space in Tualatin Industrial District with fenced yard.
Property Size6,491 SF
Lot Size0.72 Acres
Price / SF$231.09
Days on Market331
Property Features for 19435 SW 129th Ave
General Information
Standard status
Active
Size
6,491 SF
Lot size
0.72 Acres
Property subtype
Industrial
Zoning
MG
Building Details
Year Built
1988
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Macadam Forbes
(503) 227-2500
Listed By:
Brett Bayne · License #OR 940700089
Source:
Crexi
Added: Sep 24, 2025
Changed: Aug 15
Last Checked: Aug 19 at 2:49PM
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.
This property is located in the Tualatin Industrial District, situated on a quiet, dead-end street off SW 129th and SW Herman Road. It offers multiple access routes to I-5 and Highway 99. The site includes 0.72 acres of fenced and paved yard. Additional yard space may be available for lease adjacent to the property. The property is suitable for commercial real estate, flex space, industrial, warehouse, and office uses. The property size is 6491 square feet.
Key Highlights
- Located in the highly desirable Tualatin Industrial District.
- 0.72 acres of fenced and paved yard.
- Multiple access routes to I‑5 and Highway 99.
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
$71,388
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
4.76%
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%
$1,427,760
$1.4M
Cap Rate 7%
$1,019,829
$1.0M
Cap Rate 9%
$793,200
$793.2K
Market Conditions
NOI Build-Up for 6,491 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
$116.8K $18.00/SF
− Vacancy
−$7.0K −$1.08/SF
EGI
$109.8K $16.92/SF
− OpEx
−$38.4K −$5.92/SF
NOI
$71.4K $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%
$1,427,760
Cap Rate 7%
$1,019,829
Cap Rate 9%
$793,200
Alternative Uses
Best Use
Flex RnD
$1.02M
$892.4K – $1.19M
NOI $71,388 @ 7.0% cap · market cap 4.76%
Second Best
Industrial
$582.0K
$509.3K – $679.0K
NOI $40,741 @ 7.0% cap · market cap 2.72%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,646 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
241
Businesses Nearby
Balanced
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space in Tualatin Industrial District with fenced yard.
Where is this flex space located?
The property is located at 19435 SW 129th Ave Tualatin, OR.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Located in the highly desirable Tualatin Industrial District.; 0.72 acres of fenced and paved yard.; Multiple access routes to I‑5 and Highway 99.
