29781 Town Center Loop Wilsonville, OR 97070
- Commercial real estate
- 0.56 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 29781 Town Center Loop
- Year built
- 1982
- Lot size
- 0.56 lot acres
- Zone code
- PDC_TC
- Property type
- Commercial real estate
- APN
- 31W14D 00205
- APU
- 31W14D00205
Description
This 7,900 square foot office building, located at 29781 Town Center Loop in Wilsonville, Oregon, presents a compelling owner-user opportunity. Built in 1982 and extensively renovated in 2016, the property boasts modern amenities including an elevator and a versatile layout suitable for executive or medical office uses. Currently at 50% occupancy, the lower level is fully leased, generating immediate income to offset ownership expenses. The remaining 3,950 square feet on the second floor offers significant potential for an owner-occupant. Situated in the desirable I-5 corridor, this high-visibility property benefits from easy accessibility and ample parking (23 spaces) on a 0.56-acre lot. The building features a 9-foot clear height and is zoned for Commercial Town Center use. With its strong rental upside and growth potential, this property represents a smart investment in a thriving Oregon market. The asking price is $2,750,000. This well-maintained building offers a blend of established income and significant expansion opportunities for a discerning buyer.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,975,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,810,000
- 6.5%
- $3,260,000
- 7%
- $3,175,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,860,000
- Geo Method
- $2,775,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,155,000
- Retail
- $3,505,000
- Mixed-Use
- $3,580,000
- Hospitality
- $3,415,000
- Educational
- $2,810,000
- Residential Income
- $3,450,000
- Energy
- $3,710,000
- Income-Based Land
- $2,740,000
- Food Service
- $3,575,000
Location Insight
- Map
- Local Demand
- City
- Wilsonville
- County
- Clackamas
- State
- Oregon
- Longitude
- -122.766
- Latitude
- 45.3045
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA