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    5051 Western Ave Beaverton, OR 97005

    • Warehouses
    • 4.87 lot acres
    For Lease
    View listing
    Value Estimation
    $10,535,000
    Last Sale
    Dec 29, 2021
    $10,100,000
    Location Intelligence
    Property ID
    US71-1874274
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Natureworx Produce pack Supply / Store

    Property Details for 5051 Western Ave

    Lot size
    4.87 lot acres
    Zone code
    IND
    Property type
    Warehouses
    APN
    1S114CB-00200
    APU
    1S114CB00200

    Description

    This exceptional 60,000-square-foot industrial property, located at 5051 SW Western Avenue in Beaverton, Oregon, presents a significant sublease opportunity. The single-tenant building sits on a 5.61-acre lot and boasts a spacious layout ideal for manufacturing or distribution operations. High ceilings ranging from 20 to 22 feet provide ample vertical space, complemented by five loading docks and one drive-in door for efficient material handling. Ample parking is available with 67 stripped parking stalls. The property features a substantial rebuild, including 3,000 square feet of new office space, and upgraded utilities with a robust 3,000-amp, 480v, 3-phase electrical service, along with oversized water and gas service. Recent improvements also include new parking, signage, and landscaping. The property is zoned for industrial use by the City of Beaverton, offering flexibility for a wide range of businesses. This ready-for-immediate-occupancy space is situated in Washington County, Oregon, with a convenient Beaverton address and zip code 97005. The property's location offers excellent access to transportation networks and a skilled workforce. This is a rare opportunity to secure a well-maintained, modern industrial facility in a prime location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $10,730,000

    • CAP approach

      CAP return
      Estimation
      6%
      $11,060,000
      6.5%
      $9,535,000
      7%
      $10,440,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $10,375,000
      Geo Method
      $11,075,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $10,460,000
      Retail
      $8,365,000
      Mixed-Use
      $8,100,000
      Hospitality
      $8,520,000
      Educational
      $8,845,000
      Residential Income
      $9,680,000
      Energy
      $8,250,000
      Income-Based Land
      $7,685,000
      Food Service
      $8,560,000

    Location Insight

    • Map
    • Local Demand
    City
    Beaverton
    County
    Washington
    State
    Oregon
    Longitude
    -122.784
    Latitude
    45.4829
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $99,624
    $0.00
    $0.00
    $4,714,170
    -
    $1,962,270
    $8,729,310
    $10,691,580

    Comparable in this City

    • Value Estimation by Request
      37,800 SF

      5350 107th Ave

      WAREHOUSE, STORAGE • 37,800 SF
      5350 107th Ave, Beaverton, OR 97005-4159
      View Details
    • Value Estimation by Request
      101,875 SF

      13955 Millikan Way

      WAREHOUSE, STORAGE • 101,875 SF
      13955 Millikan Way, Beaverton, OR 97005-2886
      View Details
    • Value Estimation by Request
      52,800 SF

      11150 Allen Blvd

      WAREHOUSE, STORAGE • 52,800 SF
      11150 Allen Blvd, Beaverton, OR 97005-4878
      View Details
    • Value Estimation by Request
      1.06 Acres

      11160 Allen Blvd

      MINI-WAREHOUSE, STORAGE • 1.06 Acres
      11160 Allen Blvd, Beaverton, OR 97005-4819
      View Details
    • Value Estimation
      $3,285,000
      0.95 Acres

      11040 Allen Blvd

      WAREHOUSE, STORAGE • 0.95 Acres
      11040 Allen Blvd, Beaverton, OR 97005-4821
      View Details
    • Value Estimation
      $14,185,000
      8.01 Acres

      10300 Allen Blvd

      WAREHOUSE, STORAGE • 8.01 Acres
      10300 Allen Blvd, Beaverton, OR 97005-4833
      View Details

    Similar Nearby for Sale

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      Move-in ready office space in prime Beaverton location.
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      Beaverton Office Building For Sale

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    Similar Nearby for Lease

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      Beaverton Warehouse Space Available

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      Beaverton Industrial/Flex Space Available

      Conveniently located industrial/flex space with easy highway access.
      5465 SW Western Ave, Beaverton, OR 97005
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      4,749 SF

      Beaverton Warehouse with Dock Door

      1,314 SF warehouse space with dock and grade doors.
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      Beaverton Flex Space Available

      Climate-controlled flex space suitable for warehouse, office, or industrial use.
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    • $13,000 /Mo
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      Beaverton Warehouse and Office Space

      Warehouse and office space available for lease in Beaverton, Oregon.
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      View Details
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    5051 Western Ave
    Beaverton, OR 97005
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    Realmo Value Estimation

    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.

    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.

    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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