Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Happy Valley, OR 97015

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Sublease opportunity in Happy Valley near I-205.

    Building Details

    Year built
    2019

    We can help!

    Listing Contact
    Tyler Collins
    Tyler Collins
    Source: Macadamforbes

    Listing Agent: Tyler Collins

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Move-in Ready Office/Retail Space

    This former Allstate Insurance office is available for sublease and move-in ready. The space is suitable for office or retail tenants seeking under-market rents within the Clackamas-Happy Valley Submarket. Located in Happy Valley, approximately ten miles southeast of downtown Portland, the property is near I-205 and offers access to dining options, nature parks, and hiking trails. Public transportation is available via Trimet's MAX Green Line. The turn-key office space includes a private bathroom and kitchenette. On-site parking is available. Additional storage space can be found in the self-storage building. The sublease expires January 31st, 2025.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Happy Valley
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.506
    Latitude
    45.4104

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Happy Valley

      Ground floor retail space in a mixed-use development.
      12930 SE 162Nd Ave, Happy Valley, OR 97086
      View Details
    • $28 SF/Yr
      134,555 SF

      Retail Space on SE 82nd Avenue

      Well-located shopping center near Clackamas Town Center with on-site security.
      11211 SE 82Nd Ave, Happy Valley, OR 97086
      View Details
    • $22 SF/Yr
      700,000 SF

      Retail Suites in Mixed-Use Development

      New retail spaces available in Happy Valley mixed-use development.
      17086 Southeast Rock Crk Blvd, Happy Valley, OR 97015
      View Details
    • Contact for pricing
      64,400 SF

      Retail Space in Clackamas Center

      Retail space available in Clackamas Town Center.
      11800-12300 SE 82Nd Ave, Happy Valley, OR 97086
      View Details
    • Contact for pricing

      Medical Office Space on Sunnyside

      Class A medical office space available in Clackamas, Oregon.
      12360 SE Sunnyside Rd, Happy Valley, OR 97015
      View Details
    • Contact for pricing
      1,936 SF

      Retail Space in Happy Valley

      Retail space available in a redeveloped shopping center.
      11310-11384 SE 82Nd Ave, Happy Valley, OR 97086
      View Details
    • Contact for pricing
      58,502 SF

      Prime Retail/Office Space Available

      High-visibility retail/office space near I-205 and public transportation.
      11900 SE 82Nd Ave, Happy Valley, OR 97086
      View Details
    • Contact for pricing
      94,827 SF

      Clackamas Town Center Anchor Space

      High-profile retail space, Happy Valley, OR.
      11800 82Nd Ave, Happy Valley, OR 97086
      View Details
    • Contact for pricing
      3,200 SF

      Happy Valley Restaurant - Drive-Thru

      Prime Happy Valley restaurant, 3200 sq ft.
      11590 82Nd Ave, Happy Valley, OR 97086
      View Details
    • Contact for pricing
      1,420 SF

      Retail Space in Happy Valley

      Retail space available in a busy shopping center.
      15932-15936 SE Happy Valley Town Center Dr, Happy Valley, OR 97009
      View Details
    • Contact for pricing
      2,673 SF

      Retail Space in Happy Valley

      Retail space available in a busy, growing Happy Valley center.
      14638 SE Sunnyside Rd, Happy Valley, OR 97015
      View Details
    • Contact for pricing
      83,260 SF

      Retail Space Near Clackamas Town

      Retail property near high-traffic area with strong sales.
      10506 SE 82Nd Ave, Happy Valley, OR 97086
      View Details

    FAQs

    What type of property is this?
    Office space - Sublease opportunity in Happy Valley near I-205.
    Where is this office space located?
    The property is located at Happy Valley, OR.
    What are key features of this property?
    This property features: - Move-in ready office space suitable for office or retail use.; - Under-market rental rates in the Clackamas-Happy Valley submarket.; - Convenient location in Happy Valley near I-205.
    (503) 227-2500
    Request Owner's contact information
    Happy Valley, OR 97015
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Happy Valley, OR 97015
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Happy Valley, OR 97015
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tyler Collins
    Tyler Collins
    Real Estate License ID: #201219113
    (503) 227-2500
    Learn more
    Google sign-in failed. Please try again or use another login method.