Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Westlake Retail and Office Space Title is generated by Realmo AI

    14559 Westlake Dr, Lake Oswego, OR 97035

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime retail and office space in Lake Oswego's Westlake neighborhood.

    Type:Retail, Office
    Added:
    Dec 16, 2024
    Days on Market:
    514
    Last Refresh:
    Mar 17 at 1:22 pm

    Property Features for 14559 Westlake Dr

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Building Details

    Year Built
    1995

    Spaces For Lease

    at 14559 Westlake Dr Contact us

    14511 Westlake Drive, Suite 225 $24 /Mo

    Size
    1,577 SF
    Type
    Office
    Contact us

    14511 Westlake Drive, Suite 148 $28 /Mo

    Size
    1,872 SF
    Type
    Retail, Office
    NNN: $7/SF/Year
    Contact us

    We can help!

    Listing Contact
    Joe Kappler
    Joe Kappler

    Listing agent Joe Kappler License #OR 200605069

    Listing office Macadam Forbes

    Listing date Dec 16, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Macadam Forbes

    HighLights

    • Prime retail and office space in the desirable Westlake neighborhood.
    • Open layouts designed for a range of commercial/retail needs.
    • Ample parking and seamless accessibility for customers and employees.
    • Excellent location with easy access to I‑5 and 217.
    • Close proximity to numerous dining, shopping, and leisure activities.
    • Located in a peaceful, treelined neighborhood.

    Overview

    Located in the Westlake neighborhood of Lake Oswego, Oregon, this property offers retail and office space. The property features open layouts suitable for various commercial and retail needs. Ample parking and accessibility enhance the convenience for businesses and customers. The surrounding area includes treelined streets in a peaceful neighborhood, with proximity to dining, shopping, and leisure activities. It also provides easy access to I-5 and 217.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Oswego
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.7320574
    Latitude
    45.4213705

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Centerpointe

      5 Centerpointe Dr, Unit 400, Lake Oswego, OR 97035
      View Details
    • Contact for pricing

      Kruse Way

      4800 Meadows Rd, Unit 300, 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

      Lake Oswego Office Space Available

      Office space for rent in Lake Oswego, Oregon.
      1 Centerpointe Drive, Lake Oswego, OR, 97035
      View Details
    • $3,300/Mo

      Office with Large Yard Space

      Office space with a 12,000 SF yard for rent.
      220 Foothills Rd, Lake Oswego, OR 97034
      View Details
    • $35 SF/Yr

      Lake Oswego Office and Retail

      Office and retail spaces in Lake Oswego's Lake View Village.
      310 North State Street, Lake Oswego, OR, 97034
      View Details
    • $1,500/Mo

      Westlake Retail and Office Space

      Prime retail and office space in Lake Oswego's Westlake neighborhood.
      14511 Westlake Dr, Lake Oswego, OR
      View Details
    • $13,000/Mo

      Lake Oswego Office Space Available

      Premier leasing opportunity in Lake Oswego with modern interior.
      15540 Boones Ferry Rd, Lake Oswego, OR
      View Details
    • $35 SF/Yr

      Finished Office Space with Views

      Well-lit office space with open areas and covered parking.
      390 1st St, Lake Oswego, OR
      View Details
    • $45 SF/Yr

      Lake Oswego Office Space Available

      7,362 SF office space for rent in Lake Oswego.
      5500 Meadows Rd, Lake Oswego, OR
      View Details
    • Contact for pricing

      High-Class Office Space For Rent

      Office space with high-class finishes, great location, and many amenities.
      3 Centerpointe Drive, Lake Oswego, OR 97035
      View Details
    • Contact for pricing

      Lake Oswego Office Space Available

      Office space in a 20-building corporate park.
      4800 Meadows Rd, Lake Oswego, OR 97035
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime retail and office space in Lake Oswego's Westlake neighborhood.
    Where is this retail space located?
    The property is located at 14559 Westlake Dr Lake Oswego, OR.
    What are key features of this property?
    This property features: Prime retail and office space in the desirable Westlake neighborhood.; Open layouts designed for a range of commercial/retail needs.; Ample parking and seamless accessibility for customers and employees.
    (503) 972-7294 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Joe Kappler
    Joe Kappler
    Real Estate License ID: OR 200605069
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    14559 Westlake Dr, Lake Oswego, OR 97035
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!