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    Property profile & analytics

    18315 Pacific Hwy Tualatin, OR 97062

    • Retirement homes
    • 5.02 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0454753
    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

    • Retirement homes

    Property Details for 18315 Pacific Hwy

    Lot size
    5.02 lot acres
    Property type
    Retirement homes

    Description

    This exceptional 5.02-acre lot in Tualatin, Oregon, presents a compelling redevelopment opportunity. Located at 18315 SW Pacific Hwy, 97062, this Class A property is zoned for high-density residential (RH), making it perfectly suited for a multifamily apartment building or a senior living community. The site boasts high visibility due to its convenient location just off Pacific Highway 99, ensuring strong potential for tenant attraction. The surrounding area offers a wealth of amenities, enhancing the desirability of the development. Preliminary work has already been completed, including pre-application materials, conceptual designs, and a geotechnical survey, significantly streamlining the development process. Utilities are readily available on-site. The buildable area encompasses approximately 2.5 acres. This is a rare chance to capitalize on the growth of Tualatin's westside, with a substantial 5.02-acre parcel ready for immediate development. The asking price for this prime investment opportunity is $3,500,000. Detailed information and supporting documentation are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Tualatin
    County
    Washington
    State
    Oregon
    Longitude
    -122.80884504863
    Latitude
    45.387530399029

    Comparable in this City

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      Tualatin 55+ Community Home

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      Updated Condo with Serene Lakeview

      Move-in ready condo with modern updates, lake view, and great amenities.
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    • $1,158,360
      1.33 Acres

      Tualatin Commercial Land Investment

      Prime Tualatin location, high visibility.
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    • New
      $585,000
      1,648 SF

      Tualatin Duplex: Turnkey Investment

      Well-maintained Tualatin duplex with long-term tenants and recent upgrades.
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    • New
      $639,500
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      Tualatin Duplex: Income Opportunity

      Income-producing duplex in Tualatin with recent updates and great location.
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    • $119,900

      Tualatin Home in 55+ Community

      Open floor plan in a desirable 55+ Tualatin community.
      18485 SW Pacific Dr, Tualatin, OR 97062
      View Details

    Similar Nearby for Sale

    • $84,500

      Tualatin 55+ Community Home

      Inviting 3-bedroom home in a friendly 55+ Tualatin community.
      18485 SW Pacific Dr, Tualatin, OR 97062
      View Details
    • $339,000

      Updated Condo with Serene Lakeview

      Move-in ready condo with modern updates, lake view, and great amenities.
      7165 SW Sagert St, Tualatin, OR 97062
      View Details
    • $1,158,360
      1.33 Acres

      Tualatin Commercial Land Investment

      Prime Tualatin location, high visibility.
      12205 Tualatin Rd, Tualatin, OR 97062
      View Details
    • New
      $585,000
      1,648 SF

      Tualatin Duplex: Turnkey Investment

      Well-maintained Tualatin duplex with long-term tenants and recent upgrades.
      19787 SW 67Th Ave, Tualatin, OR 97062
      View Details
    • New
      $639,500
      2,058 SF

      Tualatin Duplex: Income Opportunity

      Income-producing duplex in Tualatin with recent updates and great location.
      19778 SW 68Th Ave, Tualatin, OR 97062
      View Details
    • $119,900

      Tualatin Home in 55+ Community

      Open floor plan in a desirable 55+ Tualatin community.
      18485 SW Pacific Dr, Tualatin, OR 97062
      View Details

    Similar Nearby for Lease

    • $1.44 SF/Yr
      27,000 SF

      Tualatin Retail Yard - Huge Potential

      27,000 SF Yard, Shop Building Included
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    • Contact for pricing

      Tualatin Industrial Land for Lease

      7.5-acre infill site for functional distribution or manufacturing operations.
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      Tualatin Industrial Land - 6.75 Acres

      Prime Tualatin industrial land, high visibility.
      24830 Boones Ferry Rd, Tualatin, OR 97062
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      100,000 SF

      Tualatin Industrial Warehouse Space

      100,000 SF Warehouse, 2 Suites Available
      10700 Tualatin-Sherwood Rd, Tualatin, OR 97062
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      Tualatin Industrial Property for Lease

      Industrial property in Tualatin, easy freeway access, concrete tilt-up construction.
      10230-10280 SW Spokane Ct, Tualatin, OR 97062
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    • Contact for pricing
      13,000 SF

      12205 Tualatin Rd

      Restaurants • 13,000 SF
      12205 Tualatin Rd, Tualatin, OR 97062
      View Details
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    Tualatin, OR 97062
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    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
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