Technical
Financial
Distress signals
Property profile

7145 Varns St Tigard, OR 97223

OFF-MARKET
Office Spaces
7,283 SF 0.91 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Total area 7,283 SF
Lot 0.91 ac (39,640 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Psychotherapist Counselor
  • Alternative Medicine Practice
  • Crisis Center Medical Clinic
  • Car Dealership

Location

7145 Varns St Tigard, OR 97223
Tigard metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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