Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9020 SW Washington Sq Rd Tigard, OR

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

    Office space in Tigard with new amenities and upgrades.

    Type:OFFICE
    Property size:
    3,629 SF
    Lot size:
    2.08 Acres
    Added:
    Sep 17, 2024
    Days on Market:
    590
    Last Refresh:
    Apr 5 at 9:15 pm

    Property Features for 9020 SW Washington Sq Rd

    General Information

    Standard status
    Active
    Size
    3,629 SF
    Lot size
    2.08 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 9020 SW Washington Sq Rd Contact us

    We can help!

    Listing Contact
    Michelle Franceschi
    Michelle Franceschi

    Listing agent Michelle Franceschi

    Listing office CBRE | Portland

    Listing date Sep 17, 2024

    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 CBRE | Portland

    Overview

    Tigard Office Space For Lease

    This office space, located in close proximity to Washington Square and adjacent to a hotel, offers a lease rate of $26-28/RSF Full Service. The property features a new lobby and conference facility. Amenities include a fitness center with showers and lockers, bike storage, and a tenant lounge with an outdoor area. The property size is 3,629 square feet.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tigard
    County
    Washington
    State
    Oregon
    Longitude
    -122.77
    Latitude
    45.43

    Nearby Similar for Lease

    • $24 SF/Yr

      Updated Office Building with Visibility

      Two-story office building with excellent access and recent upgrades.
      7185 SW Sandburg Street, Tigard, OR 97223
      View Details
    • $29 SF/Yr

      Restaurant Space in Pacific Crossroads

      Endcap restaurant space for sublease with excellent visibility.
      11705 Southwest Pacific Highway, Tigard, OR 97223
      View Details
    • $34 SF/Yr

      Class A Suburban Office Building

      Class A office building with modern finishes and recent upgrades.
      11850 Southwest 67th Avenue, Tigard, OR, 97223
      View Details
    • $19 SF/Yr

      Tigard Office Space For Rent

      Office space with excellent road exposure and ample parking.
      12995 SW Pacific Hwy, Tigard, OR
      View Details
    • $33 SF/Yr

      Tigard Office Space For Rent

      Office space in desirable Tigard location with parking.
      13535 SW 72nd Avenue, Tigard, OR 97223
      View Details
    • $32 SF/Yr

      Medical Office Space Available

      Well-maintained medical office space in Tigard, Oregon for lease.
      9370 Southwest Greenburg Road, Tigard, OR, 97223
      View Details
    • $29 SF/Yr

      Tigard Office Space Available

      Office space available for lease in Tigard, Oregon.
      9600 Southwest Oak Street, Tigard, OR, 97223
      View Details
    • Contact for pricing

      Freestanding Office Space in Tigard

      Updated office space with convenient access to major highways.
      11795 SW Greenburg Road, Tigard, OR 97223
      View Details
    • Contact for pricing

      Tigard Office Building For Rent

      Single-story office building in Tigard Triangle, available August 2022.
      6750 SW Franklin Street, Tigard, OR 97223
      View Details
    • Contact for pricing

      Renovated Office Building in Tigard

      Completely renovated office building with secured yard and dedicated parking.
      9045 SW Burnham Street, Tigard, OR 97223
      View Details
    • Contact for pricing

      Mixed-Use Office and Retail Center

      Office and retail spaces available in high-traffic Tigard location.
      11515-11555 SW Durham Road, Tigard, OR 97224
      View Details
    • Contact for pricing

      Revitalized Office Space in Tigard

      Revamped office building with Class A finishes and tax benefits.
      12725 Southwest 66th Avenue, Tigard, OR 97223
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in Tigard with new amenities and upgrades.
    Where is this office units located?
    The property is located at 9020 SW Washington Sq Rd Tigard, OR.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: Full Service Lease Rate: $26‑28/RSF; New Conference Facility available for tenant use; Fitness Center with showers and lockers
    (503) 221-4838 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michelle Franceschi
    Michelle Franceschi
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!