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    9185 SW Burnham St Tigard, OR 97223
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    Property profile & analytics

    9185 SW Burnham St Tigard, OR 97223

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    • Office Spaces
    • 0.36 lot acres
    For Sale
    $1,400,000
    View Listing →
    Downtown Tigard Office Building For Sale
    $1,400,000

    Downtown Tigard Office Building

    Well-maintained office building in downtown Tigard with excellent access.

    9185 SW Burnham Street, Tigard, OR 97223
    View Listing
    Property ID
    US71-0661303
    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

    • Hookland Douglas R / Law Firm
    • Scott Hookland Llp / Law Firm
    • XAG Solutions / IT Consulting Firm / (Bike/Boat/Book/etc) Store
    • Ruby Red Bookkeeping Inc / Accounting Firm
    • Thomas J. Murphy / Law Firm

    Property Details for 9185 SW Burnham St

    Lot size
    0.36 lot acres
    Zone code
    MU-CBD
    Property type
    Office Spaces
    APN
    2S102AB-05200
    APU
    2S102AB05200

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,410,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.771
    Latitude
    45.4296
    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
    $8,536
    $0.00
    $0.00
    $484,970
    -
    $369,150
    $477,930
    $847,080

    Comparable in this City

    • Value Estimation
      $1,580,000
      9,000 SF

      7102 Varns St

      OFFICE (GENERAL) • 9,000 SF
      7102 Varns St, Portland, OR 97223-8007
      View Details
    • Value Estimation
      $3,805,000
      11,443 SF

      7175 Beveland Rd

      OFFICE (GENERAL) • 11,443 SF
      7175 Beveland Rd, Portland, OR 97223-8665
      View Details
    • Value Estimation
      $4,790,000
      17,954 SF

      9430 Coral St

      OFFICE (GENERAL) • 17,954 SF
      9430 Coral St, Portland, OR 97223-6691
      View Details
    • Value Estimation
      $3,080,000
      10,270 SF

      6969 Hampton St

      OFFICE (GENERAL) • 10,270 SF
      6969 Hampton St, Portland, OR 97223-8560
      View Details
    • Value Estimation
      $2,800,000
      11,376 SF

      7080 Fir Loop

      OFFICE (GENERAL) • 11,376 SF
      7080 Fir Loop, Portland, OR 97223-8149
      View Details
    • Value Estimation
      $8,180,000
      46,550 SF

      11958 Gdn Pl

      OFFICE (GENERAL) • 46,550 SF
      11958 Gdn Pl, Portland, OR 97223-8248
      View Details

    Similar Nearby for Sale

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      29,351 SF

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    • $6,300,000
      3,382 SF

      Renovated Office Building For Sale

      Completely renovated office building with Class A finishes available for sale.
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      Medical/Office Space For Sale

      Medical/Office space available for sale, secure building, free parking.
      9735 SW Shady Ln, Tigard, OR 97223
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    • $1,295,000
      9,052 SF

      Beaverton Development Site Opportunity

      0.56-acre parcel ideal for medical/professional office development.
      8900 SW Hall St, Portland, OR 97223
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    • $1,395,000
      5,068 SF

      Renovated Medical/Professional Office Building

      Fully renovated multi-suite building in downtown Tigard's MU-CBD corridor.
      12720 SW Pacific St, Portland, OR 97223
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    Similar Nearby for Lease

    • $24 SF/Yr
      3,067 SF

      Executive Suites, SW Beveland St

      Prime Office Space, Multiple Suites Available
      7060 Beveland St, Tigard, OR 97223
      View Details
    • Contact for pricing

      Modern Office Space in Portland

      Conveniently located office space near transportation and major businesses.
      10260 SW Greenburg Rd, Portland, OR 97223
      View Details
    • Contact for pricing

      Office Space Near Highway Access

      Office property with immediate highway access.
      8060 SW Pfaffle St, Tigard, OR 97223
      View Details
    • Contact for pricing
      16,067 SF

      Renovated Campus-Like Environment in Tigard

      Renovated industrial, office, and retail spaces available for lease.
      12006-12012 SW Garden Pl, Tigard, OR 97223
      View Details
    • Contact for pricing

      Vacant Bank Building For Lease

      5,378 SF vacant bank building available for lease.
      10101 SW Washington Square Rd, Portland, OR 97223
      View Details
    • Contact for pricing
      3,160 SF

      Office Space Available For Rent

      Office space available for rent in Portland, Oregon.
      7300-7360 SW Hunziker Rd, Portland, OR 97223
      View Details
    View Listing
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    Tigard, OR 97223
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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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    9185 SW Burnham St, Tigard, OR, 97223
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