Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    11642 Pacific Hwy Tigard, OR 97223
    Back to Search
    Property profile & analytics

    11642 Pacific Hwy Tigard, OR 97223

    View on Map
    • Retail properties & Spaces
    • 6,284 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 11642 Pacific Hwy

    Property size
    6,284 SF
    Property type
    Retail properties & Spaces
    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
      View Details
    • 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
      $5,150,000
      17,066 SF

      10840 Cascade Ave

      RETAIL STORES (PERSONAL SERVICES) • 17,066 SF
      10840 Cascade Ave, Portland, OR 97223-4204
      View Details
    • Value Estimation
      $2,660,000
      6,180 SF

      12531 Hall Blvd

      RETAIL STORES (PERSONAL SERVICES) • 6,180 SF
      12531 Hall Blvd, Portland, OR 97223-6215
      View Details
    • Value Estimation
      $1,680,000
      5,616 SF

      12245 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,616 SF
      12245 Main St, Portland, OR 97223-6221
      View Details
    • Value Estimation
      $1,330,000
      3,710 SF

      12492 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,710 SF
      12492 Main St, Portland, OR 97223-6113
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,067 SF

      Renovated Office Building in Tigard

      Office/retail property with detached unit and shop near I-5.
      7060 Southwest Beveland St, Tigard, OR 97223
      View Details
    • Contact for pricing
      8,100 SF

      Restaurant and Retail Property For Sale

      Restaurant and retail property with development potential in Portland, OR.
      9225 SW Allen Blvd, Portland, OR 97223
      View Details
    • Contact for pricing
      7,882 SF

      Tigard Triangle Class A Office

      Class A office building in desirable Tigard Triangle location.
      7357 SW Beveland St, Tigard, OR 97223
      View Details
    • Contact for pricing
      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
      View Details
    • $1,395,000
      5,068 SF

      Tigard Multi-Tenant Office Investment Opportunity

      Multi-tenant office building in Tigard with income and value creation.
      12720 SW Pacific Hwy, Tigard, OR 97223
      View Details
    • Contact for pricing

      Tigard Retail Investment Opportunity

      Multi-tenant retail property with development potential in Tigard, Oregon.
      11642 SW Pacific Hwy, Tigard, OR 97223
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,840 SF

      Freestanding Retail Building with Parking

      Retail building with ample outdoor space and parking available for rent.
      7275 SW Dartmouth St, Tigard, OR 97223
      View Details
    • Contact for pricing
      4,803 SF

      Retail Space with Ample Parking

      Retail space with co-tenants and excellent traffic.
      9120 SW Hall Blvd, Portland, OR 97223
      View Details
    • $14 SF/Yr

      Downtown Tigard Anchor Space Available

      Former Rite Aid location with ample parking in downtown Tigard.
      12080 Southwest Main St, Tigard, OR 97223
      View Details
    • Contact for pricing
      1,302 SF

      Retail Space in High-Traffic Center

      Retail space anchored by H Mart and Bi-Mart.
      13520 SW Pacific Hwy, Portland, OR 97223
      View Details
    • Contact for pricing

      Office/Retail Space in Tigard

      Office/retail space with parking, loading door, and great visibility.
      11960 SW Pacific Hwy, Tigard, OR 97223
      View Details
    • Contact for pricing
      4,764 SF

      Renovated Flex, Industrial, Retail Space

      Newly renovated flex, industrial, office, and retail spaces available.
      11959 SW Garden Pl, Tigard, OR 97223
      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.
    11642 Pacific Hwy
    Tigard, OR 97223
    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
    11642 Pacific Hwy, Tigard, OR, 97223
    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!