Add Listing
    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

    5500 Meadows Rd Lake Oswego, OR 97035

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office building in a vibrant community with upscale amenities.

    Property Features for 5500 Meadows Rd

    General Information

    Zoning
    CR&D

    Building Details

    Year built
    2009

    We can help!

    Listing Contact
    Kevin Vandenbrink
    Kevin Vandenbrink
    Source: Macadamforbes

    Listing Agency: Macadam Forbes Listing Agent: Kevin Vandenbrink

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

    Learn more

    Property Insight Report

    Overview

    Office Space in Lake Oswego

    Kruse Oaks III is situated within a vibrant community characterized by picturesque landscapes and a thriving business district, offering a balanced work-life environment. The location provides access to upscale dining options, boutique shops, and scenic walking trails along the Willamette River. Proximity to the Lake Oswego Farmers’ Market and parks offers opportunities for relaxation. The property benefits from convenient access to major highways. Hoffman Construction acquired the building in late 2024 and moved their headquarters to the building in 2025. The building is professionally managed by KG Investment Properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Oswego
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.725
    Latitude
    45.413

    Nearby Similar for Lease

    • New
      Contact for pricing

      Centerpointe

      Discover many ways to work your way in Centerpointe
      5 Centerpointe Dr, Lake Oswego, OR 97035
      View Details
    • Sponsored
      New
      Contact for pricing

      Kruse Way

      Discover many ways to work your way in Kruse Way
      4800 Meadows Rd, Lake Oswego, OR 97035
      View Details
    • Contact for pricing

      High-Class Office Space For Rent

      Office space with high-class finishes, great location, and many amenities.
      3 Centerpointe Dr, Lake Oswego, OR 97035
      View Details
    • $33 SF/Yr

      Downtown Lake Oswego Retail/Office Space

      Remodeled center with retail, office, and restaurant spaces available.
      101 S State St, Lake Oswego, OR 97034
      View Details
    • $36 SF/Yr
      12,926 SF

      Lake Oswego Office Space Available

      Office space for rent in Lake Oswego, Oregon.
      1 Centerpointe Dr, Lake Oswego, OR 97035
      View Details
    • Contact for pricing

      Class A Office in Kruse Woods

      Class A office space in Kruse Woods Corporate Park.
      5335 SW Meadows Rd, Lake Oswego, OR 97035
      View Details
    • $35 SF/Yr
      6,756 SF

      Lake Oswego Office and Retail

      Office and retail spaces in Lake Oswego's Lake View Village.
      310 North State St, Lake Oswego, OR 97034
      View Details
    • $41 SF/Yr
      25,488 SF

      Office Space with Modern Amenities

      Office space featuring modern amenities and convenient location in Lake Oswego.
      5800 Meadows Rd, Lake Oswego, OR 97035
      View Details
    • Contact for pricing

      Prime Retail and Office Space

      Retail and office space in Westlake neighborhood, Lake Oswego.
      14559 SW Westlake Dr, Lake Oswego, OR 97035
      View Details
    • Contact for pricing

      Lake Oswego Office Space Available

      Office building with amenities and walking distance to retail.
      5005 Meadows Rd, Lake Oswego, OR 97035
      View Details
    • $35 SF/Yr
      3,203 SF

      Finished Office Space with Views

      Well-lit office space with open areas and covered parking.
      390 1St St, Lake Oswego, OR 97034
      View Details
    • $1,500 /Mo
      1,872 SF

      Westlake Retail and Office Space

      Prime retail and office space in Lake Oswego's Westlake neighborhood.
      14511 Westlake Dr, Lake Oswego, OR 97035
      View Details

    FAQs

    What type of property is this?
    Office building - Office building in a vibrant community with upscale amenities.
    Where is this office building located?
    The property is located at 5500 Meadows Rd Lake Oswego, OR.
    What are key features of this property?
    This property features: - New ownership by Hoffman Construction and professional management by KG Investment Properties.; - Prime location in a vibrant community with a strong work-life balance.; - Access to upscale dining, boutique shops, and scenic walking trails.
    (503) 972-7289
    Request Owner's contact information
    5500 Meadows Rd Lake Oswego, OR 97035
    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.
    5500 Meadows Rd
    Lake Oswego, OR 97035
    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
    5500 Meadows Rd Lake Oswego, OR 97035
    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
    Kevin Vandenbrink
    Kevin Vandenbrink
    Real Estate License ID: #990200037
    (503) 972-7289 (503) 227-2500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!