Property summary
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
VerifiedCap rate & NOI
Current use
-
Industrial Manufacturer Production Facility
-
Psychotherapist Counselor
-
Alternative Medicine Practice
-
Crisis Center Medical Clinic
-
Car Dealership
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight