7145 Varns St Tigard, OR 97223
This exceptional two-story, 7,283 square foot office building in Tigard, Oregon, presents a compelling owner/user or investment opportunity. Located at 7145 SW Varns St, 97223, this property boasts a desirable location with quick access to Interstate 5 and Highway 217, ensuring convenient commutes. The building features ample off-street parking, supplemented by additional parking along Varns Street (3 spaces per 1,000 sq ft). The exterior received a fresh coat of paint in Summer 2024. Currently operating with multiple tenants on short-term leases, this presents flexibility for an owner/user to occupy a portion or the entire space, or for an investor to acquire a multi-tenant property. The building sits on a 0.91-acre lot and is zoned C-P. The property is currently 50% occupied. The seller is open to converting the property into a condo plat with shared parking lot use. This is a fantastic opportunity to acquire a well-located, versatile office building in a thriving Tigard market. The asking price is $2,040,000. The building is part of a larger complex totaling 13,221 square feet, and features prominent signage facing SW 72nd Avenue. This property is offered as a gross lease.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
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