Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Remodeled Office Space Near Park Title is generated by Realmo AI

    4905 SW Griffith Dr, Beaverton, OR

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space with remodeled lobby, close to Griffith Park.

    Type:OFFICE
    Property size:
    1,092 SF
    Lot size:
    0.80 Acres
    Added:
    Mar 21, 2025
    Days on Market:
    428
    Last Refresh:
    Apr 5 at 9:09 pm

    Property Features for 4905 SW Griffith Dr

    General Information

    Standard status
    Active
    Size
    1,092 SF
    Lot size
    0.80 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 4905 SW Griffith Dr Contact us

    We can help!

    Listing Contact
    Jamison Shields
    Jamison Shields

    Listing agent Jamison Shields License #201255561

    Listing office Colliers | Portland

    Listing date Mar 21, 2025

    Source Moodyscre

    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 Colliers | Portland

    HighLights

    • Directly adjacent to Griffith Park
    • Immediate access to OR‑217
    • Situated close to the newly rejuvenated downtown Beaverton and Cedar Hills area
    • Recently remodeled lobby and common areas
    • Recently renovated building exterior
    • Professional campus‑like setting

    Overview

    This office space features a recently remodeled lobby and common areas, along with a recently renovated building exterior. The property is situated in a professional, campus-like setting directly adjacent to Griffith Park. It offers immediate access to OR-217 and is located close to the rejuvenated downtown Beaverton and Cedar Hills area. The property size is 1092 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shellie Monsivais - COUNTRY ... Insurance Agency Griffith Park Offices Business Park Atlas Ties (Bike/Boat/Book/etc) Store Takata Technical Marketing Industrial Manufacturer On-Time Accounting Accounting Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Beaverton
    County
    Washington
    State
    Oregon
    Longitude
    -122.796
    Latitude
    45.4842

    Nearby Similar for Lease

    • Sponsored
      $129-$6,846/Mo
      11-1,292 SF

      Beaverton Round

      4145 Watson Ave, Unit 350, Beaverton, OR 97005
      View Details
    • $129-$4,246/Mo
      11-1,292 SF

      Cornell West

      1500 Bethany Blvd, Unit 200, Beaverton, OR 97006
      View Details
    • $21 SF/Yr
      9,500 SF

      Beaverton Office Space For Rent

      Office space in the heart of Beaverton with great visibility.
      2155 NW 173rd Avenue, Beaverton, OR 97006
      View Details
    • $28 SF/Yr
      12,000 SF

      Retail Space in Jenkins Junction

      Retail space with high visibility and convenient access to downtown.
      16755 SW Baseline Rd Ste 100, Beaverton, OR 97006
      View Details
    • $3,500/Mo
      3,461 SF

      Beaverton Commercial Building For Lease

      Two-story commercial building with basement near shopping and dining.
      4500 SW 107TH, Beaverton, OR 97005
      View Details
    • $20 SF/Yr
      74,780 SF

      Office Space in Amberglen Center

      Office space for lease in Beaverton's Amberglen Corporate Center.
      Beaverton, OR 97006
      View Details
    • $18 SF/Yr
      14,161 SF

      Office/Flex Project with Water Features

      Four-building office/flex project with lush landscaping and water features.
      15245 Northwest Greenbrier Parkway, Beaverton, OR, 97006
      View Details
    • Contact for pricing

      Beaverton Medical Office Building ForRent

      Professionally maintained medical office building with high visibility in Beaverton.
      4095 Southwest 144th Avenue, Beaverton, OR 97005
      View Details
    • $15 SF/Yr
      3,314 SF

      Corner Office Space Available

      Single-level office space with ample parking and updated buildout.
      8770 Southwest Nimbus Avenue, Beaverton, OR, 97008
      View Details
    • $19,900/Mo
      23,418 SF

      Refrigerated Warehouse Space Available

      Temp-controlled warehouse space ideal for food processing and storage.
      6750-6770 SW 111th Ave, Beaverton, OR 97008
      View Details
    • $26 SF/Yr
      13,730 SF

      Class A Office Space

      68,540 SF Class A office building for lease.
      15455 Northwest Greenbrier Parkway, Beaverton, OR, 97006
      View Details
    • Contact for pricing
      50,446 SF

      Class A Suburban Office Space

      Move-in ready office space in Beaverton, near Highway 217.
      6600 SW 105th Avenue, Beaverton, OR 97008
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with remodeled lobby, close to Griffith Park.
    Where is this office units located?
    The property is located at 4905 SW Griffith Dr Beaverton, OR.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Directly adjacent to Griffith Park; Immediate access to OR‑217; Situated close to the newly rejuvenated downtown Beaverton and Cedar Hills area
    (804) 385-2695 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jamison Shields
    Jamison Shields
    Real Estate License ID: 201255561
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4905 SW Griffith Dr, Beaverton, OR
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!