Tualatin One-Acre
For Sale
Contact for pricing
18520 SW 108th Ave, Tualatin, OR 97062
One-acre lot with income potential in Tualatin, Oregon.
Property Size4,281 SF
Lot Size1.00 Acre
Price / SF$366.50
Days on Market871
Property Features for 18520 SW 108th Ave
General Information
Standard status
Active
Size
4,281 SF
Lot size
1.00 Acre
Property subtype
Land
Zoning
ML
Building Details
Buildings
2
Listing Agency:
Macadam Forbes
(503) 227-2500
Listed By:
Stu Peterson · License #OR 820300052
Source:
Crexi
Added: Apr 3, 2024
Changed: Aug 16
Last Checked: Aug 20 at 10:07PM
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 flat, rectangular one-acre lot is located in Tualatin, surrounded by major employers in Southwest Portland. The site offers immediate income potential with two storage buildings already in place. The buildings measure 3350 square feet and 2650 square feet, respectively. The parcel is fully served with all utilities. The property is zoned for light manufacturing within the city of Tualatin and is situated in an area with quality development.
Key Highlights
- One‑acre flat, rectangular lot.
- Immediate income potential with two storage buildings (3350 sf and 2650 sf).
- Fully served with all utilities.
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
$48,547
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
3.09%
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%
$970,940
$970.9K
Cap Rate 7%
$693,529
$693.5K
Cap Rate 9%
$539,411
$539.4K
Market Conditions
NOI Build-Up for 4,281 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
$77.1K $18.00/SF
− Vacancy
−$7.7K −$1.80/SF
EGI
$69.4K $16.20/SF
− OpEx
−$20.8K −$4.86/SF
NOI
$48.5K $11.34/SF
Area
Washington County, OR
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$970,940
Cap Rate 7%
$693,529
Cap Rate 9%
$539,411
Alternative Uses
Best Use
Retail
$693.5K
$606.8K – $809.1K
NOI $48,547 @ 7.0% cap · market cap 3.09%
Second Best
Warehouse
$466.1K
$407.8K – $543.8K
NOI $32,627 @ 7.0% cap · market cap 2.08%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $80,888 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Explore this area
Business Placement
Demographics for 97062, OR
29,146
Population
11,659
Households
2.5
Avg Household Size
38
Median Age
46%
College-Educated
94%
High-School Grad
14.2 sq mi
ZIP Area
2,053
Density / Sq Mi
$106,987
Median Household Income
$51,753
Median Earnings
$1,721
Median Rent
$607,800
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?
Commercial land - One-acre lot with income potential in Tualatin, Oregon.
Where is this commercial land located?
The property is located at 18520 SW 108th Ave Tualatin, OR.
What is the asking price?
The asking price for this property is $1,569,000.
What are key features of this property?
This property features: One‑acre flat, rectangular lot.; Immediate income potential with **two storage buildings (3350 sf and 2650 sf)**.; Fully served with all utilities.
