11572 Pacific HwyPortland, OR 97223

Property Details for 11572 Pacific Hwy

Year built

1952

Lot size

1.32 AC

Property size (Sq ft)

7,306 SF

Zone code

C-G

Property type

Retail properties

Property subtype

Auto shops

APN

1S136DA-01000

APU

1S136DA01000

Description

This exceptional 2,600 square foot retail and office space is ideally situated at 11572 SW Pacific Highway in Tigard, Oregon. Boasting a prime location with significant street frontage on a high-traffic thoroughfare averaging approximately 50,000 vehicles daily, this single-tenant property offers unparalleled visibility and accessibility. The space itself features a welcoming reception/lobby area, seamlessly flowing into expansive open areas perfectly suited for a variety of uses, including classrooms, offices, or showrooms. The layout provides flexibility for diverse business needs. Ample on-site parking ensures convenient access for employees and clients alike. Furthermore, its strategic location provides easy access to major transportation arteries, including Interstate 5 and Highway 217, enhancing connectivity and logistical efficiency. This property presents a rare opportunity to establish a thriving business in a highly visible and accessible location within the Tigard submarket. The absence of elevators should be noted. The property type is classified as retail and office, with the subtype being traditional office.

• CAP approach

  CAP return

  Valuation

  6%

  $1,903,751

  6.5%

  $1,757,309

  7%

  $1,631,787

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,124,492

  Geo Method

  $3,545,614

• Alternative Use

  Use

  Valuation

  Residential

  $1,482,356

  Hospitality

  $1,357,830

  Educational

  $1,129,698

  Medical

  $1,168,551

  Retail

  $1,757,309

Location Insight

City

Portland

County

Washington

State

Oregon

Latitude

45.4394

Longitude

-122.75

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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