12850 Canyon RdBeaverton, OR 97005

Property Details for 12850 Canyon Rd

Lot size

0.34 AC

Zone code

RC-OT

Property type

Medical offices

Property subtype

Medical centers

APN

1S116AA-05200

APU

1S116AA05200

Description

This exceptional 2,100 square foot medical or dental office space is ideally situated on highly trafficked SW Canyon Road in Beaverton's vibrant downtown core. Recently remodeled, this move-in ready suite boasts five plumbed operatory rooms, a panoramic x-ray room, lab, kitchen and break area, conference room, administrative office, data room, and a reception/waiting area. The stylish updates include luxury vinyl tile flooring and barn doors. The property offers ample on-site parking (33 spaces) in a spacious lot, and benefits from excellent visibility with a street pylon sign. This location provides convenient access to public transportation, being within half a block of multiple TriMet bus lines and less than a mile from Highway 217 (exit 2A, accessible from both Canyon and Farmington Roads). The building itself is a single-story, 5,000 square foot structure on a 0.46-acre lot, with a total of four suites. Currently, 2,100 square feet are vacant. The property is zoned RC-OT ("Regional Center - Old Town") and is surrounded by a wealth of retail amenities, including Target, Fred Meyer, Trader Joe's, and many other national retailers and restaurants. The city offers potential grant funding of over $50,000 for eligible tenant improvements. This is a remarkable opportunity to establish or expand a medical practice in a thriving, high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,625,236

  6.5%

  $2,423,294

  7%

  $2,250,202

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,513,358

  Geo Method

  $2,852,110

• Alternative Use

  Use

  Valuation

  Residential

  $3,004,885

  Hospitality

  $2,752,458

  Educational

  $2,290,013

  Medical

  $2,368,770

  Retail

  $3,562,242

Location Insight

City

Beaverton

County

Washington

State

Oregon

Latitude

45.488

Longitude

-122.808

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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