Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    12290 SW Main St Portland, OR 97223
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12290 SW Main St Portland, OR 97223

    View on Map
    • Office Units
    • 3,000 SF
    For Sale
    $1,195,000
    View Listing →
    Turnkey Building in Prime Location For Sale
    $1,195,000
    3,436 SF

    Turnkey Building in Prime Location

    Updated, multi-occupant building suitable for office or retail use.

    12290 SW MAIN, Portland, OR 97223
    View Listing
    Property ID
    US71-0595232
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Units

    Property Details for 12290 SW Main St

    Property size
    3,000 SF
    Property type
    Office Units

    Description

    This exceptional two-story commercial property in Washington County offers 3,000 square feet of versatile office space, ideal for businesses seeking a blend of traditional and creative office environments. The building, renovated in 2020, features three suites, with one currently available, ranging from 300 to 2,700 contiguous square feet. A total of 1,200 square feet is currently vacant, providing flexibility for various business needs. The property boasts ample parking with 14 spaces available for tenants and their clients. Its prime location offers unparalleled convenience, situated near the Tri-Met transportation hub, including the WES commuter train, ensuring easy access for employees and clients alike. The recent renovations have created modern and inviting spaces, perfect for fostering productivity and collaboration. The building's design caters to both traditional and creative office setups, making it a suitable choice for a wide range of businesses. The property is comprised of one building with two stories, offering a unique blend of functionality and aesthetic appeal. This is a rare opportunity to secure high-quality office space in a desirable location with excellent transportation links. The minimum divisible space is 300 square feet, allowing for smaller businesses to find a suitable home, while the maximum contiguous space of 2,700 square feet accommodates larger organizations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tigard
    County
    Washington
    State
    Oregon
    Longitude
    -122.770339
    Latitude
    45.430865

    Comparable in this City

    • Contact for pricing

      Vacant Bank Building For Lease

      5,378 SF vacant bank building available for lease.
      10101 SW Washington Square Rd, 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

      Tigard Flex Space Available Now

      13,575 SF flex space in Tigard with heavy power.
      10799 SW Cascade Ave, Portland, OR 97223
      View Details
    • Contact for pricing

      Office Spaces in Fairway Center

      Office spaces for lease in Southwest Portland's Fairway Center.
      9115 SW Oleson Rd, Portland, OR 97223
      View Details
    • Contact for pricing

      Corporate Plaza Ground Floor Office

      Ground floor office space with abundant parking and natural light.
      11501 SW Pacific Hwy, Tigard, OR 97223
      View Details
    • Contact for pricing
      4,137 SF

      Office Campus with Extensive Amenities

      732,000 SF office campus near major transport routes.
      10220 SW Greenburg Rd, Portland, OR 97223
      View Details

    Similar Nearby for Sale

    • $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
    • $2,500,000
      10,372 SF

      Tigard Commercial Buildings For Sale

      Three commercial buildings in Tigard, zoned for general commercial.
      13015 SW Pacific Hwy, Portland, OR 97223
      View Details
    • Contact for pricing

      Tigard Triangle Class A Office

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

      Renovated Medical/Professional Office Building

      Fully renovated multi-suite building in downtown Tigard's MU-CBD corridor.
      12720 SW Pacific St, Portland, OR 97223
      View Details
    • Contact for pricing

      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
    • $1,195,000
      3,436 SF

      Turnkey Building in Prime Location

      Updated, multi-occupant building suitable for office or retail use.
      12290 SW Main St, Portland, OR 97223
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Tigard Flex Space Available Now

      13,575 SF flex space in Tigard with heavy power.
      10799 SW Cascade Ave, 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

      Vacant Bank Building For Lease

      5,378 SF vacant bank building available for lease.
      10101 SW Washington Square Rd, Portland, OR 97223
      View Details
    • Contact for pricing

      Office Spaces in Fairway Center

      Office spaces for lease in Southwest Portland's Fairway Center.
      9115 SW Oleson Rd, Portland, OR 97223
      View Details
    • Contact for pricing

      Corporate Plaza Ground Floor Office

      Ground floor office space with abundant parking and natural light.
      11501 SW Pacific Hwy, Tigard, OR 97223
      View Details
    • Contact for pricing
      4,137 SF

      Office Campus with Extensive Amenities

      732,000 SF office campus near major transport routes.
      10220 SW Greenburg Rd, Portland, OR 97223
      View Details
    View Listing
    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.
    12290 SW Main St
    Portland, 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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!