Medical Office Building with
For Sale
$3,750,000
25260 SW Parkway Avenue, Wilsonville, OR 97070
Office building offering garden level suites, private exterior entrances, and convenient parking in Clackamas County.
Property Size15,943 SF
Days on Market76
Property Features for 25260 SW Parkway Avenue
General Information
Standard status
Active
Size
15,943 SF
Class
B
Property subtype
Office
Building Details
Building Size
15,943 SF
Listed By:
McCoy Doerrie, SIOR
(503) 523-7751
Source:
Capacitycommercial
Added: Jun 24
Changed: Sep 5
Last Checked: Sep 7 at 6:48AM
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 McCoy Doerrie, SIOR
Investment Insights
Based on property information with market context.
This owner/user opportunity features a total building area of 15,943 SF, with up to 13,000 SF available for immediate occupancy. The property has new windows and HVAC, and it is configured with exterior private entrances for garden level suites. The building is described as quiet and well suited for office and medical users.
The property is located in Clackamas County with easy access from I-5, and the surrounding area includes various eateries and shops.
The listing also notes that the entire building can be delivered vacant within six months of closing, supporting flexible occupancy options for an owner and/or incoming tenants.
The property is located in Clackamas County with easy access from I-5, and the surrounding area includes various eateries and shops.
The listing also notes that the entire building can be delivered vacant within six months of closing, supporting flexible occupancy options for an owner and/or incoming tenants.
Key Highlights
- 15,943 SF office building with up to 13,000 SF available for immediate occupancy
- New windows and HVAC
- Garden level suites with exterior private entrances
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
$243,836
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
6.50%
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%
$4,876,720
$4.9M
Cap Rate 7%
$3,483,371
$3.5M
Cap Rate 9%
$2,709,289
$2.7M
Market Conditions
NOI Build-Up for 15,943 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
$472.6K $29.64/SF
− Vacancy
−$66.2K −$4.15/SF
EGI
$406.4K $25.49/SF
− OpEx
−$162.6K −$10.20/SF
NOI
$243.8K $15.29/SF
Area
Clackamas County, OR
Vacancy
14.00%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
40.00%
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%
$4,876,720
Cap Rate 7%
$3,483,371
Cap Rate 9%
$2,709,289
Alternative Uses
Best Use
Healthcare Medical
$3.48M
$3.05M – $4.06M
NOI $243,836 @ 7.0% cap · market cap 6.50%
Second Best
Office B
$2.95M
$2.58M – $3.44M
NOI $206,377 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$4.30M
$3.77M – $5.02M
NOI $301,239 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
702
Businesses Nearby
Explore this area
Business Placement
Demographics for 97070, OR
26,443
Population
11,275
Households
2.3
Avg Household Size
39
Median Age
47%
College-Educated
96%
High-School Grad
17.8 sq mi
ZIP Area
1,486
Density / Sq Mi
$89,953
Median Household Income
$48,596
Median Earnings
$1,842
Median Rent
$601,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building offering garden level suites, private exterior entrances, and convenient parking in Clackamas County.
Where is this office building located?
The property is located at 25260 SW Parkway Avenue Wilsonville, OR.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 15,943 SF office building with up to 13,000 SF available for immediate occupancy; New windows and HVAC; Garden level suites with exterior private entrances
