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Property profile & analytics
FOR SALE
Commercial land

12390 Southwest Knoll Dr Tigard, OR 97223

113,934 SF
Property ID
US71-1601523
Property summary
AI-generated overview

Site is planned 182-unit workforce housing development site in Tigard's Qualified Opportunity Zone. Site is walking distance close to Main Street, Westside Commuter Rail, and adjacent to future light rail. The proposed Knoll Apartments at 12390 SW Knoll Drive in Tigard, Oregon! Nestled in a vibrant and sought-after neighborhood, these apartments are designed to offer modern living in a serene suburban setting. The Knoll Apartment site is also located in a Qualified Opportunity Zone allowing substantial tax benefits to the developer. The Knoll will feature contemporary architecture, blending seamlessly with the surrounding landscape of well-maintained streets and green spaces. The area is known for its mix of residential tranquility and accessibility to urban amenities. Anticipate a variety of floor plans catering to different lifestyles, from cozy studios to spacious multi-bedroom units. These residences are expected to offer open-concept layouts, abundant natural light, and thoughtfully designed interiors featuring modern fixtures and finishes. Residents can look forward to a host of amenities designed to enhance their lifestyle. A community clubhouse or gathering space might be available for social events and gatherings, and an extensive outdoor plaza. Additionally, The Knoll will be adjacent to the future Tigard Light Rail Station, and is within walking distance to the current WES Commuter Rail Station. The apartments' location is likely to offer convenient access to nearby conveniences, including shopping centers, dining options, entertainment venues, and outdoor recreational areas. Residents may also benefit from proximity to major transportation routes, providing easy commuting options. Given Tigard's charm and its close proximity to Portland, residents can enjoy the best of both worlds - the tranquility of suburban life while being within reach of the cultural and economic opportunities of a larger city.

Property profile
Verified
Property type Commercial land
Total area 113,934 SF
UPID US71-1601523
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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