Freestanding Manufacturing
For Sale
Contact for pricing
6920 SW 111th Ave, Beaverton, OR 97008
Industrial facility offering dock and grade-level loading with heavy power service.
Property Size17,694 SF
Price / SF$217.59
Days on Market153
Property Features for 6920 SW 111th Ave
General Information
Standard status
Active
Size
17,694 SF
Property subtype
Industrial
Zoning
IND
Lease Type
NNN
Additional Details
Highway Access
Yes
Heavy Power
Yes
Building Details
Year Built
1969
Buildings
1
Listing Agency:
Macadam Forbes
(503) 972-7292
Listed By:
Clayton Madey · License #OR 201727196
Source:
Crexi
Added: Apr 1
Changed: Aug 30
Last Checked: Jun 5 at 5:48AM
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 Macadam Forbes
Investment Insights
Based on property information with market context.
This freestanding manufacturing facility contains 17,694 square feet and was built in 1969. The building is described as ready to occupy and includes both dock and grade loading, along with heavy power service. IND zoning supports its industrial classification and aligns with manufacturing, distribution, and related industrial operations.
The property is located at 6920 SW 111th Ave in Beaverton, Oregon, with Hwy 217 approximately 1 minute away. Its position provides access toward the greater Portland metro area while maintaining an industrial building format suited to owner-user occupancy.
The property is located at 6920 SW 111th Ave in Beaverton, Oregon, with Hwy 217 approximately 1 minute away. Its position provides access toward the greater Portland metro area while maintaining an industrial building format suited to owner-user occupancy.
Key Highlights
- 17,694‑square‑foot freestanding manufacturing building
- IND zoning
- Dock and grade loading
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
$134,854
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
3.50%
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%
$2,697,080
$2.7M
Cap Rate 7%
$1,926,486
$1.9M
Cap Rate 9%
$1,498,378
$1.5M
Market Conditions
NOI Build-Up for 17,694 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
$169.9K $9.60/SF
− Vacancy
−$11.2K −$0.63/SF
EGI
$158.7K $8.97/SF
− OpEx
−$23.8K −$1.34/SF
NOI
$134.9K $7.62/SF
Area
Washington County, OR
Vacancy
6.60%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
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%
$2,697,080
Cap Rate 7%
$1,926,486
Cap Rate 9%
$1,498,378
Alternative Uses
Best Use
Warehouse
$1.93M
$1.69M – $2.25M
NOI $134,854 @ 7.0% cap · market cap 3.50%
Second Best
Industrial
$1.59M
$1.39M – $1.85M
NOI $111,056 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$4.78M
$4.18M – $5.57M
NOI $334,323 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
Explore this area
Business Placement
Demographics for 97008, OR
29,632
Population
12,845
Households
2.3
Avg Household Size
39
Median Age
48%
College-Educated
95%
High-School Grad
5.3 sq mi
ZIP Area
5,591
Density / Sq Mi
$90,246
Median Household Income
$52,133
Median Earnings
$1,664
Median Rent
$555,300
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?
Manufacturing property - Industrial facility offering dock and grade-level loading with heavy power service.
Where is this manufacturing property located?
The property is located at 6920 SW 111th Ave Beaverton, OR.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: 17,694‑square‑foot freestanding manufacturing building; IND zoning; Dock and grade loading
