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    12390 Knl Dr Tigard, OR 97223

    Sponsored
    For Sale
    $2,750,000

    182 Units, QOZ, Prime Location

    Property size:
    113,934 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 123,441 square foot development site presents a unique investment opportunity in Tigard, Oregon. Zoned Station Area MU, the property offers the potential for a 182-unit multifamily development, perfectly positioned to capitalize on the area's robust growth. The site boasts a total of 113,934 square feet of buildable area, making it ideal for a large-scale project. Its strategic location is a key advantage, offering residents convenient access to downtown Tigard, the Westside Commuter Rail (WES), and the future light rail station. This translates to unparalleled convenience and high desirability for potential tenants. Furthermore, the property's designation as a Qualified Opportunity Zone (QOZ) provides significant tax advantages for investors seeking both strong returns and tax benefits. This is a rare chance to acquire a substantial development site in a thriving Oregon community with exceptional transit access and significant potential for future appreciation. The asking price for this prime development opportunity is $2,750,000. Don't miss this chance to secure a piece of Tigard's vibrant future. The address is 12390 SW Knoll Dr, Tigard, OR 97223, located in Washington County.

    Property Features for 12390 Knl Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    113,934 SF

    Building Details

    Units
    182

    HighLights

    • 123,441 SF development site in Tigard, OR, zoned Station Area MU, offering 113,934 SF of buildable area for a potential 182‑unit multifamily development.
    • Qualified Opportunity Zone (QOZ) designation.
    • Walking distance to downtown Tigard.
    • Close proximity to the WES Commuter Rail Station and a future light rail station.
    • Asking price: $2,750,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brian Allan Gordon ... Painting

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Tigard
    County
    Washington
    State
    Oregon
    Longitude
    -122.7628813
    Latitude
    45.4307145

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    FAQs

    What type of property is this?
    Multifamily property - 182 Units, QOZ, Prime Location
    Where is this multifamily property located?
    The property is located at 12390 Knl Dr Tigard, OR.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: 123,441 SF development site in Tigard, OR, zoned Station Area MU, offering 113,934 SF of buildable area for a potential 182-unit multifamily development.; Qualified Opportunity Zone (QOZ) designation.; Walking distance to downtown Tigard.
    Request Owner's contact information
    12390 Knl Dr Tigard, OR 97223
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    Tigard, OR 97223
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    Realmo Value Estimation

    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.

    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.

    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
    12390 Knl Dr Tigard, OR 97223
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