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4655 Griffith Dr Beaverton, OR 97005-8728

OFF-MARKET Retail space Google Maps
9,091 SF 1.4 ac lot Built 2006
Entity Owned 19-yr Hold ~ Est. High Equity
Estimated value (blended)
$8.91M
Range $8.02M – $9.80M (±10%)
Property ID US71-0020952

Property summary

AI-generated overview

This exceptional 1,578 square foot retail space is ideally situated in the heart of Beaverton's central westside, at 4655 SW Griffith Dr, Beaverton, OR 97005. Located within the Shops at Griffith Park, this property offers immediate occupancy in a vibrant commercial center. The space is entirely vacant and presents a blank canvas for a variety of retail uses. Its prime location boasts excellent visibility and accessibility, benefiting from adjacency to Beaverton Town Square and proximity to major retailers such as Trader Joe's, Buffalo Wild Wings, Olive Garden, Fred Meyer, Home Depot, Target, and Kohl's. This strategic positioning within a high-traffic area ensures significant foot traffic and exposure to a substantial customer base. The surrounding trade area is characterized by above-average household incomes, high educational attainment, and a strong employment base, thanks to the presence of prominent employers including Intel, Tektronics, and Nike headquarters. This presents a compelling opportunity for businesses seeking a thriving location with a robust consumer demographic. The property is classified as Commercial Retail, with multiple tenancy options, and is located in Washington County, Oregon. The building's total square footage is 1,578 square feet, all of which is currently available for lease.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Total area 9,091 SF
Lot 1.4 ac (60,984 SF)
Zoning code RC-E
APN 1S115BD-03502
UPID US71-0020952

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Restaurant
  • Restaurant
  • Eye Care Center Optometrist
  • Cafe & Coffee Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.14M
Blend (final) Blend
$8.91M

Owner & transaction history

since 2006
3 recorded transactions
2017
Price N/A
2006
$8.9M
2005
$2.2M

Zoning & alternative use

RC-E · Beaverton, OR
Zoning description

The RC-E District is intended to support existing and future businesses and accommodate automobile oriented uses and lower intensity uses

General category COMMERCIAL
Top alternative use upside
Medical building $2.9M +33.6%
Restaurant $2.8M +26.8%
Commercial (general) $2.3M +4.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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