I-5 Frontage Commercial
For Sale
Contact for pricing
29755 SW Boones Ferry Rd, Wilsonville, OR 97070
Commercial property with excellent I-5 frontage and exposure.
Property Size13,534 SF
Price / SF$217.97
Days on Market862
Property Features for 29755 SW Boones Ferry Rd
General Information
Standard status
Active
Size
13,534 SF
Class
B
Property subtype
Industrial, Office
Zoning
PDI
Occupancy
50%
Lease Type
NNN
Building Details
Year Built
1995
Year Renovated
2024
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
Capacity Commercial Group
(503) 969-9596
Listed By:
Jim Wierson II · License #OR 201217195
Source:
Crexi
Added: Apr 23, 2024
Changed: Aug 31
Last Checked: Aug 28 at 8:12PM
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 Capacity Commercial Group
Investment Insights
Based on property information with market context.
This commercial property features excellent frontage and exposure to I-5, which sees approximately 100,000+ vehicles per day. It offers immediate access to I-5, with easily accessible alternate routes available during peak traffic times. Wilsonville's business environment includes over 1,000 businesses providing 20,165 full-time jobs, with more than half in high-wage industrial occupations such as manufacturing or wholesale distribution. The total annual private-sector payroll in Wilsonville, including major employers like Mentor Graphics, Xerox, Sysco Foods, and Rockwell Collins, is nearly $1.1 billion annually, representing an 80-percent increase from 2000 and generating a total regional economic impact of over $3.2 billion annually. The property offers 13,534 square feet of flex space, suitable for industrial, manufacturing, distribution, or office use.
Key Highlights
- Excellent frontage and exposure to I‑5 with high traffic volume (100,000+ VPD).
- Immediate access to I‑5.
- Easily accessible alternate routes available during peak traffic.
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
$239,495
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
8.12%
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%
$4,789,900
$4.8M
Cap Rate 7%
$3,421,357
$3.4M
Cap Rate 9%
$2,661,056
$2.7M
Market Conditions
NOI Build-Up for 13,534 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
$401.1K $29.64/SF
− Vacancy
−$32.7K −$2.42/SF
EGI
$368.5K $27.22/SF
− OpEx
−$129.0K −$9.53/SF
NOI
$239.5K $17.70/SF
Area
Clackamas County, OR
Vacancy
8.15%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
35.00%
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%
$4,789,900
Cap Rate 7%
$3,421,357
Cap Rate 9%
$2,661,056
Alternative Uses
Best Use
Flex RnD
$3.42M
$2.99M – $3.99M
NOI $239,495 @ 7.0% cap · market cap 8.12%
Second Best
Industrial
$1.21M
$1.06M – $1.42M
NOI $84,946 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$3.65M
$3.20M – $4.26M
NOI $255,721 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,164
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97070, OR
26,443
Population
11,275
Households
2.3
Avg Household Size
39
Median Age
47%
College-Educated
96%
High-School Grad
17.8 sq mi
ZIP Area
1,486
Density / Sq Mi
$89,953
Median Household Income
$48,596
Median Earnings
$1,842
Median Rent
$601,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Commercial property with excellent I-5 frontage and exposure.
Where is this flex space located?
The property is located at 29755 SW Boones Ferry Rd Wilsonville, OR.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Excellent frontage and exposure to I‑5 with high traffic volume (100,000+ VPD).; Immediate access to I‑5.; Easily accessible alternate routes available during peak traffic.
