Beaverton Development Site
For Sale
$1,295,000
Pending
8900 SW HALL, Portland, OR 97223
0.56-acre parcel ideal for medical/professional office development.
Property Size9,052 SF
Lot Size0.55 Acres
Days on Market379
Property Features for 8900 SW HALL
General Information
Standard status
Pending
Size
9,052 SF
Lot size
0.55 Acres
Property subtype
Commercial
Site & Location
Neighborhood
Southwest Hills Residential League
Taxes and HOA fees
Annual Taxes
$12,849
Amenities
Central air
Central Air Cooling
Flat Roof
Forced Air Heating
On Site
Building Details
Year Built
2025
Listing Agency:
SUNLINE REALTY GROUP
(971) 732-6264
Listed By:
ANDY ARTHUR · License #201209588
(503) 803-0562
Source:
Corcoran
Added: Oct 22, 2025
Changed: Oct 28
Last Checked: Nov 3 at 7:04AM
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 SUNLINE REALTY GROUP
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Investment Insights
Based on property information with market context.
This 0.56-acre parcel is a development site located in Beaverton's medical and professional corridor, directly across from Washington Square and near RedTail Golf Center. The site benefits from high visibility, strong traffic counts, and immediate access to Hwy 217. It is suitable for an owner-user or investor. Plans are in place for a two-story medical office building totaling approximately 9,052 square feet, with about 8,428 square feet of usable space. The proposed design incorporates modern Pacific Northwest architecture with energy-efficient construction, elevator access, and flexible interior configurations, suitable for dental, medical, or other professional office uses. The property allows for 35 total parking spaces and is zoned CS (Community Service), providing flexibility for permitted uses. This site is positioned to become a Class A medical or professional office. It is suitable for a dental, healthcare, or wellness provider looking to establish a flagship space, or for an investor seeking a high-demand product type. The location offers visibility, accessibility, and long-term value.
Key Highlights
- Premier development site in the heart of Beaverton’s medical and professional corridor, directly across from Washington Square.
- Approved plans for a new, two‑story, approximately 9,052 sq ft medical office building (8,428 sq ft usable).
- High visibility**, strong traffic counts, and immediate access to Hwy 217.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$117,175
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,343,500
$2.3M
Cap Rate 7%
$1,673,929
$1.7M
Cap Rate 9%
$1,301,944
$1.3M
Market Conditions
NOI Build-Up for 9,052 SF
Gross rent
$206.4K $22.80/SF
− Vacancy
−$50.2K −$5.54/SF
EGI
$156.2K $17.26/SF
− OpEx
−$39.1K −$4.31/SF
NOI
$117.2K $12.94/SF
Area
ZIP 97223
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 Rate 5%
$2,343,500
Cap Rate 7%
$1,673,929
Cap Rate 9%
$1,301,944
Alternative Uses
Best Use
Healthcare Medical
$1.90M
$1.67M – $2.22M
NOI $133,347 @ 7.0% cap · market cap 10.30%
Second Best
Office B
$1.67M
$1.46M – $1.95M
NOI $117,175 @ 7.0% cap · market cap 9.05%
Theoretical Best
Office A
$2.54M
$2.22M – $2.97M
NOI $177,942 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4,871
Businesses Nearby
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Business Placement
Demographics for 97223, OR
49,967
Population
21,428
Households
2.3
Avg Household Size
39
Median Age
50%
College-Educated
95%
High-School Grad
11.1 sq mi
ZIP Area
4,502
Density / Sq Mi
$108,040
Median Household Income
$57,411
Median Earnings
$1,726
Median Rent
$577,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Portland, OR
Frequently Asked Questions
What type of property is this?
Commercial land - 0.56-acre parcel ideal for medical/professional office development.
Where is this commercial land located?
The property is located at 8900 SW HALL Portland, OR.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Premier development site in the heart of Beaverton’s medical and professional corridor, directly across from Washington Square.; Approved plans for a new, two‑story, approximately **9,052 sq ft medical office building (8,428 sq ft usable)**.; High visibility**, strong traffic counts, and immediate access to Hwy 217.
