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    Property profile & analytics

    11642 Pacific Hwy Tigard, OR 97223

    • Retail properties
    • 6,284 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 11642 Pacific Hwy

    Property size
    6,284 SF
    Property type
    Retail properties
    Property subtype
    Retail space

    Description

    This exceptional retail opportunity is located at 11642 SW Pacific Hwy in Tigard, Oregon, within Washington County (zip code 97223). The property, classified as a multi-tenant storefront, offers a total of 6,284 square feet across two suites. Currently, 2,680 square feet are available for lease, divisible into spaces ranging from a minimum of 1,031 square feet to a maximum contiguous space of 1,649 square feet. This presents a flexible leasing option for businesses seeking various sizes. The property's prime location on Pacific Highway offers excellent visibility and accessibility, making it an ideal location for a variety of retail ventures. The address is easily accessible for customers and employees alike. This is a fantastic chance to establish or expand your business in a thriving Tigard commercial district. Serious inquiries are encouraged to explore this promising retail space. The property is categorized as retail and is ready for immediate occupancy. The building's total square footage is 6,284 square feet, spread across two individual suites. The location offers significant potential for growth and success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tigard
    County
    Washington
    State
    Oregon
    Longitude
    -122.754
    Latitude
    45.438

    Comparable in this City

    • Value Estimation by Request
      8,700 SF

      12020 Main St

      Individual retail properties • 8,700 SF
      12020 Main St, Tigard, OR 97223
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    • Value Estimation by Request
      3,080 SF

      11565 Pacific Hwy

      Individual retail properties • 3,080 SF
      11565 Pacific Hwy, Tigard, OR 97223
      View Details
    • Value Estimation
      $3,515,000
      8,175 SF

      13185 Pacific Hwy

      RETAIL STORES (PERSONAL SERVICES) • 8,175 SF
      13185 Pacific Hwy, Portland, OR 97223-5086
      View Details
    • Value Estimation
      $900,000
      2,546 SF

      9930 Walnut St

      RETAIL STORES (PERSONAL SERVICES) • 2,546 SF
      9930 Walnut St, Portland, OR 97223-5110
      View Details
    • Value Estimation by Request
      145,824 SF

      7850 Dartmouth St

      RETAIL STORES (PERSONAL SERVICES) • 145,824 SF
      7850 Dartmouth St, Portland, OR 97223-8401
      View Details
    • Value Estimation
      $4,520,000
      11,935 SF

      12700 Swn Dakota St, Unit 200

      RETAIL STORES (PERSONAL SERVICES) • 11,935 SF
      12700 Swn Dakota St, Portland, OR 97223-0802
      View Details

    Similar Nearby for Sale

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      7,500 SF

      Single Tenant Investment Site

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      Renovated Office Building in Tigard

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      7,166 SF

      Retail Property in Tigard, Oregon

      Retail property with 7,166 square feet of space.
      11995-11999 SW Pacific Hwy, Tigard, OR 97223
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      Tigard Retail Investment Opportunity

      Multi-tenant retail property with development potential in Tigard, Oregon.
      11642 SW Pacific Hwy, Tigard, OR 97223
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    Similar Nearby for Lease

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      6,284 SF

      Tigard Retail Space For Lease

      Prime Tigard storefront, multiple suites available.
      11642 Pacific Hwy, Tigard, OR 97223
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      3,903 SF

      Retail Space Near Trader Joe's

      Retail space with high visibility near Trader Joe's.
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      Retail space with high visibility and accessibility in Portland, OR.
      11565 SW Pacific Hwy, Portland, OR 97223
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      2,500 SF

      Retail Space Near Washington Square

      Retail space with high traffic and ample parking available for rent.
      8610-8748 SW Hall Blvd, Portland, OR 97223
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      3,500 SF

      Retail Space on 82nd Avenue

      Retail space available on high-traffic 82nd Ave in Portland.
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    • $29 SF/Yr
      1,773 SF

      Restaurant Space in Pacific Crossroads

      Endcap restaurant space for sublease with excellent visibility.
      11705 Southwest Pacific Hwy, Tigard, OR 97223
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    Tigard, OR 97223
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    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
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