Newly Completed Flex Industrial
New
For Sale
Contact for pricing
15205 SW Arrow St, Sherwood, OR 97140
New construction combines substantial office space with a dedicated warehouse area and an absolute NNN lease structure.
Property Size18,141 SF
Lot Size0.92 Acres
Price / SF$385.87
Days on Market3
Property Features for 15205 SW Arrow St
General Information
Standard status
Active
Size
18,141 SF
Total Parking Spaces
40
Lot size
0.92 Acres
Property subtype
INDUSTRIAL
Net Operating Income
$384,954
Warehouse & Industrial
Clear Height
35.9 ft
Warehouse Space
7,304 SF
Office Build-Out
10,837 SF
Power
600 amps
Voltage
480 V
Three-Phase Power
Yes
Building Details
Buildings
1
Building Size
18,141 SF
Construction
steel
Tenancy
Single
Listing Agency:
Tradition Real Estate Partners
(503) 804-4653
Listed By:
AJ Nash · License #201208908
(503) 559-9279
Source:
Moodyscre
Added: Aug 10
Changed: Aug 12
Last Checked: Aug 12 at 8:41AM
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 Tradition Real Estate Partners
Investment Insights
Based on property information with market context.
Newly completed flex space totaling 18,141 SF combines 10,837 SF of office area with 7,304 SF of warehouse area. The industrial facility features steel construction, a standing seam roof, 35'11" of clear height, and four roll-up doors. Electrical service includes 3-Phase 600A 480/277 power, and a 100kW solar array is installed on the property. The 0.92-acre site provides 40 parking spaces.
The property is located at 15205 SW Arrow St in Sherwood, OR, within the Sherwood industrial corridor. The lease structure is absolute NNN, with the tenant responsible for operating expenses. A new five-year lease is scheduled to be executed at closing, along with two additional five-year renewal options.
The property is located at 15205 SW Arrow St in Sherwood, OR, within the Sherwood industrial corridor. The lease structure is absolute NNN, with the tenant responsible for operating expenses. A new five-year lease is scheduled to be executed at closing, along with two additional five-year renewal options.
Key Highlights
- 18,141 SF newly completed flex industrial facility
- 10,837 SF office area and 7,304 SF warehouse area
- 35'11" clear height with four roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$234,830
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,696,600
$4.7M
Cap Rate 7%
$3,354,714
$3.4M
Cap Rate 9%
$2,609,222
$2.6M
Market Conditions
NOI Build-Up for 18,141 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$413.6K $22.80/SF
− Vacancy
−$100.5K −$5.54/SF
EGI
$313.1K $17.26/SF
− OpEx
−$78.3K −$4.31/SF
NOI
$234.8K $12.94/SF
Area
Washington County, OR
Vacancy
24.30%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,696,600
Cap Rate 7%
$3,354,714
Cap Rate 9%
$2,609,222
Alternative Uses
Best Use
Office B
$3.35M
$2.94M – $3.91M
NOI $234,830 @ 7.0% cap · market cap 3.35%
Second Best
Flex RnD
$2.85M
$2.49M – $3.33M
NOI $199,515 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$4.90M
$4.28M – $5.71M
NOI $342,769 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
35 ft
Clear height
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
587
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 97140, OR
28,365
Population
9,540
Households
3
Avg Household Size
38
Median Age
48%
College-Educated
95%
High-School Grad
44.6 sq mi
ZIP Area
636
Density / Sq Mi
$119,241
Median Household Income
$58,718
Median Earnings
$1,934
Median Rent
$618,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - New construction combines substantial office space with a dedicated warehouse area and an absolute NNN lease structure.
Where is this flex space located?
The property is located at 15205 SW Arrow St Sherwood, OR.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 18,141 SF newly completed flex industrial facility; 10,837 SF office area and 7,304 SF warehouse area; 35'11" clear height with four roll‑up doors
