Beaverton Office Building For
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2555 SW 153rd Dr, Beaverton, OR 97006
43,617 SF office building in Beaverton, Oregon.
Property Size43,617 SF
Price / SF$171.95
Days on Market157
Property Features for 2555 SW 153rd Dr
General Information
Standard status
Active
Size
43,617 SF
Property subtype
Office
Zoning
"OI" Office Industrial District
Investment Type
Owner/User
Building Details
Year Built
1999
Year Renovated
2012
Buildings
1
Stories
1
Listing Agency:
Institutional Property Advisors
(954) 547-7212
Listed By:
Peter Bauman · License #AZ SA647389000
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Aug 21 at 6:03PM
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 Institutional Property Advisors
Investment Insights
Based on property information with market context.
This 43,617 square foot office building in Beaverton, Oregon, presents an opportunity for either an owner-user or an investor. The property is described as institutional grade real estate with adaptive infrastructure.
Key Highlights
- Institutional grade real estate
- Owner‑user opportunity
- Investor opportunity
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
$564,609
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
7.53%
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%
$11,292,180
$11.3M
Cap Rate 7%
$8,065,843
$8.1M
Cap Rate 9%
$6,273,433
$6.3M
Market Conditions
NOI Build-Up for 43,617 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
$994.5K $22.80/SF
− Vacancy
−$241.7K −$5.54/SF
EGI
$752.8K $17.26/SF
− OpEx
−$188.2K −$4.31/SF
NOI
$564.6K $12.94/SF
Area
Washington County, OR
Vacancy
24.30%
Lease Rate
$22.80 /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%
$11,292,180
Cap Rate 7%
$8,065,843
Cap Rate 9%
$6,273,433
Alternative Uses
Best Use
Office B
$8.07M
$7.06M – $9.41M
NOI $564,609 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.77M
$10.30M – $13.74M
NOI $824,131 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Explore this area
Business Placement
Demographics for 97006, OR
46,853
Population
19,383
Households
2.4
Avg Household Size
35
Median Age
50%
College-Educated
95%
High-School Grad
7.2 sq mi
ZIP Area
6,507
Density / Sq Mi
$100,373
Median Household Income
$57,364
Median Earnings
$1,844
Median Rent
$535,800
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 - 43,617 SF office building in Beaverton, Oregon.
Where is this office building located?
The property is located at 2555 SW 153rd Dr Beaverton, OR.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Institutional grade real estate; Owner‑user opportunity; Investor opportunity
