Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1179 Mcvey Ave Lake Oswego, OR 97034
    Back to Search
    Property profile & analytics

    1179 Mcvey Ave, Lake Oswego, OR 97034

    View on Map
    • Specialty properties
    • 10,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 1179 Mcvey Ave

    Year built
    1959
    Property type
    Specialty properties
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional 1,370 square foot professional retail or office space is situated in a high-traffic area at the intersection of McVey Avenue and South Shore Drive in Lake Oswego, Oregon. The property is part of a larger 10,000 square foot building, offering a Class B space with a desirable 12-foot ceiling height. Built in 1959 and renovated in 2011, the single-story building sits on a 27,878 square foot lot and provides ample parking with 22 spaces. The space is zoned R-7.5 and benefits from excellent visibility due to its location within a shopping center anchored by prominent retailers such as New Seasons, Mud Bay, Bellagios, and The Coffee Bean & Tea Leaf. This prime location offers significant opportunities for building and monument signage, ensuring high brand exposure. The property is currently multi-tenant. The address is 1179 McVey Ave, Lake Oswego, OR 97034.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Oswego
    County
    Washington
    State
    Oregon
    Longitude
    -122.677
    Latitude
    45.407

    Comparable in this City

    • Value Estimation by Request
      3,472 SF

      340 1St St

      Restaurants
      340 1St St, Lake Oswego, OR 97034
      View Details
    • Value Estimation by Request
      7,343 SF

      1355-1399 Mcvey Ave

      Retail properties & Spaces
      1355-1399 Mcvey Ave, Lake Oswego, OR 97034
      View Details
    • Value Estimation by Request
      0.11 Acres

      Lake

      COMMERCIAL (GENERAL)
      Lake, Oswego, OR 97034
      View Details
    • Value Estimation by Request

      Lake

      COMMERCIAL (GENERAL)
      Lake, Oswego, OR 97034
      View Details
    • Value Estimation by Request
      0.01 Acres

      Lake

      COMMERCIAL (GENERAL)
      Lake, Oswego, OR 97034
      View Details
    • Value Estimation by Request

      Lake

      COMMERCIAL (GENERAL)
      Lake, Oswego, OR 97034
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,144 SF

      Lake Oswego Land Site

      2.53 AC land site with existing 19,144 SF facility.
      1271 Overlook Dr, Lake Oswego, OR 97034
      View Details
    • $425,000

      Lake Oswego Residential Land Opportunity

      Rare .32-acre lot in coveted neighborhood with lake easement rights.
      17035 Westview Cir, Lake Oswego, OR 97034
      View Details
    • $695,000
      0.23 Acres

      Lake Oswego Land Opportunity

      Two legal lots in Hallinan neighborhood, build your dream home.
      1408 Pine St, Lake Oswego, OR 97034
      View Details
    • $5,500,000
      3.24 Acres

      Lake Oswego Dividable Acreage

      Rare 3.24-acre dividable property in prestigious Lake Oswego neighborhood.
      13501 Knaus Rd, Lake Oswego, OR 97034
      View Details
    • $425,000
      0.32 Acres

      Lake Oswego Land Opportunity

      Rare .32-acre lot in coveted Lake Oswego neighborhood.
      17035 Westview Dr, Lake Oswego, OR 97034
      View Details
    • Contact for pricing

      Premiere Lot with Mountain View

      Large, private lot in Lake Oswego with Mt. Hood view.
      13092 Amber Ln, Lake Oswego, OR 97034
      View Details

    Similar Nearby for Lease

    • $3,300 /Mo

      Office with Large Yard Space

      Office space with a 12,000 SF yard for rent.
      220 Foothills Rd, Lake Oswego, OR 97034
      View Details
    • $33 SF/Yr

      Downtown Lake Oswego Retail/Office Space

      Remodeled center with retail, office, and restaurant spaces available.
      101 S State St, Lake Oswego, OR 97034
      View Details
    • $35 SF/Yr
      6,756 SF

      Lake Oswego Office and Retail

      Office and retail spaces in Lake Oswego's Lake View Village.
      310 North State St, Lake Oswego, OR 97034
      View Details
    • Contact for pricing
      3,203 SF

      Finished Office Space with Views

      Well-lit office space with open areas and covered parking.
      390 1St St, Lake Oswego, OR 97034
      View Details
    • Contact for pricing

      Retail Space for Lease

      Retail spaces available for lease in Lake Oswego, Oregon.
      1355-1399 SW Mcvey Ave, Lake Oswego, OR 97034
      View Details
    • $32 SF/Yr

      Lake Oswego Office Space

      Office space available for lease in Lake Oswego, Oregon.
      201 B Ave, Lake Oswego, OR 97034
      View Details
    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.
    1179 Mcvey Ave
    Lake Oswego, OR 97034
    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

    Thank You for Inquiry
    1179 Mcvey Ave, Lake Oswego, OR, 97034
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!