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    19350 SW 89Th Ave Tualatin, OR 97062
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    Property profile & analytics

    19350 SW 89Th Ave Tualatin, OR 97062

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    • Auto shops
    • 26,467 SF
    • 1.00 lot acres
    For Lease
    $2,335,000
    View Listing →
    Tualatin Office Space For Rent For Lease
    $2,335,000

    Tualatin Office Space For Rent

    Downtown Tualatin office space near Tualatin-Sherwood Road and I-5.

    19350 SW 89th Ave, Tualatin, OR 97062
    View Listing
    Property ID
    US71-1903432
    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

    • Northwest Spray & Compressor / Hardware & Home Improvement / General Contractor
    • Active Media Publishing Group / Publishing House
    • Advanced Machining / Industrial Manufacturer

    Property Details for 19350 SW 89Th Ave

    Year built
    1961
    Lot size
    1.00 lot acres
    Property size
    26,467 SF
    Zone code
    ML
    Property type
    Auto shops
    APN
    2S123DA-00500
    APU
    2S123DA00500

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,335,000
      Market price range: $2.34M - $6.97M
      AI Estimate
      $2,335,000
      Market price range: $2.34M - $6.97M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tualatin
    County
    Washington
    State
    Oregon
    Longitude
    -122.768
    Latitude
    45.3801
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,902
    $0.00
    $0.00
    $848,080
    -
    $667,010
    $2,564,280
    $3,231,290

    Comparable in this City

    • Value Estimation
      $1,685,000
      7,860 SF

      9608 Tualatin Sherwood Rd

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      9608 Tualatin Sherwood Rd, Tualatin, OR 97062-7554
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    • Value Estimation
      $1,555,000
      6,400 SF

      8350 Tonka St

      AUTO REPAIR, GARAGE • 6,400 SF
      8350 Tonka St, Tualatin, OR 97062-7004
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    • Value Estimation
      $1,600,000
      6,080 SF

      19302 Mohave Ct

      AUTO REPAIR, GARAGE • 6,080 SF
      19302 Mohave Ct, Tualatin, OR 97062-8554
      View Details
    • Value Estimation
      $1,455,000
      8,700 SF

      10075 Tualatin Sherwood Rd

      AUTO REPAIR, GARAGE • 8,700 SF
      10075 Tualatin Sherwood Rd, Tualatin, OR 97062-8563
      View Details
    • Value Estimation
      $785,000
      4,080 SF

      19340 89th Ave

      AUTO REPAIR, GARAGE • 4,080 SF
      19340 89th Ave, Tualatin, OR 97062-9589
      View Details
    • Value Estimation
      $2,080,000
      9,540 SF

      19401 Mohave Ct

      AUTO REPAIR, GARAGE • 9,540 SF
      19401 Mohave Ct, Tualatin, OR 97062-8500
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Tualatin Industrial Opportunity For Sale

      26,814 SF industrial building with showroom and warehouse space.
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      57,918 SF

      Commercial Development Parcel on 99W

      Hard corner commercial development parcel on Pacific HWY (99W).
      12205 SW Tualatin Rd, Tualatin, OR 97062
      View Details
    • Contact for pricing
      4,281 SF

      Tualatin One-Acre Lot

      One-acre lot with income potential in Tualatin, Oregon.
      18520 SW 108Th Ave, Tualatin, OR 97062
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    • Contact for pricing
      6,491 SF

      Tualatin Industrial District Flex Space

      Flex space in Tualatin Industrial District with fenced yard.
      19435 SW 129Th Ave, Tualatin, OR 97062
      View Details
    • Contact for pricing
      73,520 SF

      Tualatin Manufacturing/Warehouse Opportunity

      Rare owner/user opportunity in Tualatin with plentiful loading doors.
      12225 SW Myslony St, Tualatin, OR 97062
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,740 SF

      Retail Space with High Traffic

      Retail space with high traffic and easy access to I-5.
      19365 SW Martinazzi Ave, Tualatin, OR 97062
      View Details
    • Contact for pricing

      Diamond Peak Plaza Retail/Office Suites

      Retail, office, and medical suites available in Tualatin.
      8101 SW Nyberg St, Tualatin, OR 97062
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    • Contact for pricing

      Tualatin Yard Space with Shop

      27,000 SF yard with 1,584 SF shop available for rent.
      23050 SW 82Nd Ave, Tualatin, OR 97062
      View Details
    • Contact for pricing

      Retail Space in Upcoming Development

      Retail and restaurant spaces for lease in Tualatin, Oregon.
      12205 SW Tualatin Rd, Tualatin, OR 97062
      View Details
    • Contact for pricing
      989 SF

      Retail Space in Tualatin, Oregon

      Retail space anchored by Fred Meyer with excellent daytime population.
      19200 SW Martinazzi Ave, Tualatin, OR 97062
      View Details
    • $22 SF/Yr
      945 SF

      Retail Space in Tualatin Center

      Retail space available in upgraded Tualatin shopping center.
      7000-7080 SW Nyberg St, Tualatin, OR 97062
      View Details
    View Listing
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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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    19350 SW 89Th Ave, Tualatin, OR, 97062
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