Leased Retail Investment
For Sale
Contact for pricing
9315 Southwest Beaverton Hillsdale Highway, Beaverton, OR 97005
Fully leased retail property offering a stabilized income profile for long-term investors.
Property Size15,091 SF
Price / SF$251.81
Days on Market59
Property Features for 9315 Southwest Beaverton Hillsdale Highway
General Information
Standard status
Active
Size
15,091 SF
Property subtype
Retail, Business for Sale
Occupancy
100%
Additional Details
Cap Rate
6.5%
Building Details
Year Built
1979
Listing Agency:
Northmarq - Seattle
Listed By:
Sean Tufts · License #WA 74057
Source:
Crexi
Added: Jun 9
Changed: Jul 10
Last Checked: Aug 6 at 11:47AM
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 Northmarq - Seattle
Investment Insights
Based on property information with market context.
This for-sale retail property is currently 100% leased. It presents a straightforward, stabilized setup for buyers seeking an occupied retail asset rather than a repositioning scenario.
The property is located at 9315 Southwest Beaverton Hillsdale Highway in Beaverton, Oregon. The offering is presented with a stated 6.50% CAP, and the total property size is 15,091.
Because the building is already fully occupied, the focus for tenants, buyers, and brokers is on ongoing operational continuity. For an investor, the key takeaway is that the tenancy is in place at the time of sale, which can simplify near-term underwriting compared with vacant properties. For brokers and prospective tenants, the asset’s current leasing status indicates active retail use within the existing configuration, with no tenant transition required at acquisition.
The property is located at 9315 Southwest Beaverton Hillsdale Highway in Beaverton, Oregon. The offering is presented with a stated 6.50% CAP, and the total property size is 15,091.
Because the building is already fully occupied, the focus for tenants, buyers, and brokers is on ongoing operational continuity. For an investor, the key takeaway is that the tenancy is in place at the time of sale, which can simplify near-term underwriting compared with vacant properties. For brokers and prospective tenants, the asset’s current leasing status indicates active retail use within the existing configuration, with no tenant transition required at acquisition.
Key Highlights
- Fully leased retail property
- Year built: 1979
- Stated 6.50% CAP rate
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
$171,132
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
4.50%
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%
$3,422,640
$3.4M
Cap Rate 7%
$2,444,743
$2.4M
Cap Rate 9%
$1,901,467
$1.9M
Market Conditions
NOI Build-Up for 15,091 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
$271.6K $18.00/SF
− Vacancy
−$27.2K −$1.80/SF
EGI
$244.5K $16.20/SF
− OpEx
−$73.3K −$4.86/SF
NOI
$171.1K $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%
$3,422,640
Cap Rate 7%
$2,444,743
Cap Rate 9%
$1,901,467
Alternative Uses
Best Use
Retail
$2.44M
$2.14M – $2.85M
NOI $171,132 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.07M
$3.56M – $4.75M
NOI $285,140 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,856
Businesses Nearby
Explore this area
Business Placement
Demographics for 97005, OR
26,873
Population
12,130
Households
2.2
Avg Household Size
36
Median Age
38%
College-Educated
87%
High-School Grad
5.1 sq mi
ZIP Area
5,269
Density / Sq Mi
$74,306
Median Household Income
$42,406
Median Earnings
$1,551
Median Rent
$476,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Fully leased retail property offering a stabilized income profile for long-term investors.
Where is this retail space located?
The property is located at 9315 Southwest Beaverton Hillsdale Highway Beaverton, OR.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Fully leased retail property; Year built: 1979; Stated 6.50% CAP rate
