12665 69 AveTigard, OR 97223

Property Details for 12665 69 Ave

Year built

2004

Lot size

0.38 AC

Property size (Sq ft)

6,882 SF

Zone code

TMU

Property type

Office properties

APN

2S101AD-02800

APU

2S101AD02800

Description

This exceptional 6,900 square foot executive office building presents a rare owner-user opportunity in the desirable Tigard Triangle, Oregon. Located at 12665 SW 69th Ave, Tigard, OR 97223, this two-story building sits on a 16,398 square foot lot and offers ample parking with 19 spaces. The property is currently vacant, allowing for complete customization to suit a new owner's specific needs. The ground floor boasts significant recent upgrades and high-end finishes, while the second floor features a flexible open floor plan ideal for various office configurations. This floor includes a convenient breakroom, a dedicated conference room, and en-suite bathrooms and showers for added convenience. The building is zoned TMU, providing versatility for potential future uses. The asking price is $3,550,000, and the lease type is NNN. This presents a unique chance to acquire a well-located, upgraded office building in a thriving area, offering the flexibility of immediate occupancy or the potential for a leaseback arrangement with the seller. The property's prime location and versatile layout make it an attractive investment for businesses seeking a modern and functional workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $1,219,910

  6.5%

  $1,126,071

  7%

  $1,045,637

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,167,922

  Geo Method

  $1,325,336

• Alternative Use

  Use

  Valuation

  Residential

  $1,396,328

  Hospitality

  $1,279,029

  Educational

  $1,064,137

  Medical

  $1,100,734

  Retail

  $1,655,324

Location Insight

City

Portland

County

Washington

State

Oregon

Latitude

45.4285

Longitude

-122.748

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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