Beaverton Office Building For
For Sale
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9570 Southwest Beaverton Hillsdale Highway, Beaverton, OR 97005
Well-maintained office building in Raleigh West neighborhood of Beaverton, Oregon.
Property Size4,678 SF
Price / SF$349.94
Days on Market673
Property Features for 9570 Southwest Beaverton Hillsdale Highway
General Information
Standard status
Active
Size
4,678 SF
Class
B
Total Parking Spaces
15
Property subtype
Office
Zoning
Community Service
Building Details
Stories
2
Listing Agency:
Macadam Forbes
Listed By:
Joe Kappler · License #OR 200605069
(503) 972-7294
Source:
Crexi
Added: Nov 7, 2024
Changed: Sep 4
Last Checked: Sep 10 at 6:31AM
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 well-maintained, two-story office building offers 4,678 square feet of space, suitable for single or multiple tenants, with restrooms on each floor. The layout includes a combination of private offices and open areas. Additional amenities include a shower on the main floor and a large breakroom on the top floor. A large monument sign faces Beaverton Hillsdale Highway. Parking is primarily located at the rear of the property, featuring three carport spaces and a two-car garage. Recent upgrades include new carpet, ceiling tiles, LED lighting, and paint on both floors. The HVAC system was replaced in the summer of 2024. Zoned Community Service by the City of Beaverton, the property accommodates a variety of retail, office, and service-based businesses. Located in the Raleigh West neighborhood of Beaverton, Oregon, the property is near numerous restaurants, coffee shops, and parks, with convenient access to Beaverton Hillsdale Highway. It also provides easy access to Highway 217 (east/west) and Highway 26 (north/south).
Key Highlights
- Recently renovated with new carpet, ceiling tiles, LED lights, paint, and HVAC system (installed Summer 2024).
- Located in the desirable Raleigh West neighborhood of Beaverton, Oregon, with easy access to restaurants, coffee shops, and parks.
- Excellent visibility with a large monument sign facing Beaverton Hillsdale Highway.
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
$60,555
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
3.70%
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%
$1,211,100
$1.2M
Cap Rate 7%
$865,071
$865.1K
Cap Rate 9%
$672,833
$672.8K
Market Conditions
NOI Build-Up for 4,678 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
$106.7K $22.80/SF
− Vacancy
−$25.9K −$5.54/SF
EGI
$80.7K $17.26/SF
− OpEx
−$20.2K −$4.31/SF
NOI
$60.6K $12.94/SF
Area
Washington County, OR
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 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%
$1,211,100
Cap Rate 7%
$865,071
Cap Rate 9%
$672,833
Alternative Uses
Best Use
Office B
$865.1K
$756.9K – $1.01M
NOI $60,555 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,390 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,287
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
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building in Raleigh West neighborhood of Beaverton, Oregon.
Where is this office building located?
The property is located at 9570 Southwest Beaverton Hillsdale Highway Beaverton, OR.
What is the asking price?
The asking price for this property is $1,637,000.
What are key features of this property?
This property features: Recently renovated with **new carpet, ceiling tiles, LED lights, paint, and HVAC system (installed Summer 2024).**; Located in the desirable Raleigh West neighborhood of Beaverton, Oregon, with easy access to restaurants, coffee shops, and parks.; Excellent visibility with a **large monument sign facing Beaverton Hillsdale Highway.**
