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    5431 SW Beaverton Hillsdale Hwy Portland, OR 97221

    • Retail space
    • 35,200 SF
    • 0.81 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0626186
    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

    • Rite Aid Pharmacy / Pharmacy
    • Timothy O. Bidwell, RPH / Pharmacy
    • Jovencio Domingo, PharmD / Pharmacy
    • Amazon Locker - Kristopher / Postal Service / Courier Service
    • Rite Aid / Pharmacy

    Property Details for 5431 SW Beaverton Hillsdale Hwy

    Year built
    1978
    Lot size
    0.81 lot acres
    Property size
    35,200 SF
    Zone code
    CG
    Property type
    Retail space
    APN
    1S1E18AB 09300
    APU
    1S1E18AB09300

    Description

    This exceptional opportunity presents 10 retail spaces available for lease across Western Oregon. These spaces, ranging from 4,852 to 12,215 square feet, are situated in multiple grocery-anchored shopping centers. The spaces are adjacent to operating Rite Aid pharmacies, benefiting from established foot traffic and brand recognition. A total of 12,215 square feet is currently vacant and immediately available. The minimum leasable space is 4,852 square feet, while the maximum contiguous space available is 12,215 square feet. This presents a unique chance for businesses seeking high-visibility locations in thriving communities. The properties are located in Multnomah County and other areas across Western Oregon, including Portland, Hillsboro, Salem, and Hood River. Detailed floor plans and specific locations are available upon request. This is an ideal opportunity for businesses seeking affordable, high-traffic retail space in established shopping centers. The spaces are ready for immediate occupancy, offering a significant advantage for quick market entry. Contact us to discuss lease rates and explore the possibilities of establishing your business in these prime locations. The property type is retail, specifically former pharmacy space, with multiple tenancy options. The total building square footage across all locations is 15,523 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,514,000
      Market price range: $6.25M - $15.1M
      AI Estimate
      $6,514,000
      Market price range: $6.25M - $15.1M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $10,570,000
      Current use
      AUTO REPAIR, GARAGE
      $10,750,000
      Change: +2% Conversion: Difficult
      MEDICAL BUILDING
      $10,630,000
      Change: +1% Conversion: Difficult
      OFFICE BUILDING
      $10,175,000
      Change: -4% Conversion: Easy
      COMMERCIAL (GENERAL)
      $10,135,000
      Change: -4% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $9,360,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.733
    Latitude
    45.4878
    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
    $50,633
    $0.00
    $0.00
    $1,912,580
    -
    $1,518,530
    $1,507,170
    $3,025,700

    Comparable in this City

    • Value Estimation
      $1,140,000
      2,650 SF

      1747-1749 Skyline Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,650 SF
      1747-1749 Skyline Blvd, Portland, OR 97221
      View Details
    • Value Estimation
      $1,290,000
      3,820 SF

      5904 Beaverton Hillsdale Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,820 SF
      5904 Beaverton Hillsdale Hwy, Portland, OR 97221-1118
      View Details
    • Value Estimation by Request
      1,008 SF

      5541 Beaverton Hillsdale Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,008 SF
      5541 Beaverton Hillsdale Hwy, Portland, OR 97221-1920
      View Details
    • Value Estimation
      $1,045,000
      2,435 SF

      4322 Beaverton Hillsdale Hwy

      RETAIL STORES (PERSONAL SERVICES) • 2,435 SF
      4322 Beaverton Hillsdale Hwy, Portland, OR 97221-3658
      View Details
    • Value Estimation
      $2,125,000
      4,935 SF

      1850 Skyline Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,935 SF
      1850 Skyline Blvd, Portland, OR 97221-2535
      View Details
    • Value Estimation
      $1,370,000
      3,506 SF

      4709 Beaverton Hillsdale Hwy

      RETAIL STORES (PERSONAL SERVICES) • 3,506 SF
      4709 Beaverton Hillsdale Hwy, Portland, OR 97221-2911
      View Details

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    Similar Nearby for Lease

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      Updated Retail/Office Space Available

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      Retail Space in Western Oregon

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    Portland, OR 97221
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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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