Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Restaurant/Retail Space For Lease Title is generated by Realmo AI

    16015 SW Tualatin-Sherwood Rd, Sherwood, OR

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

    Restaurant/retail space available for lease near high-traffic theater.

    Type:RETAIL
    Property size:
    4,740 SF
    Lot size:
    11.99 Acres
    Added:
    Sep 15, 2021
    Days on Market:
    1705
    Last Refresh:
    Apr 5 at 10:12 pm

    Property Features for 16015 SW Tualatin-Sherwood Rd

    General Information

    Standard status
    Active
    Size
    4,740 SF
    Lot size
    11.99 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 16015 SW Tualatin-Sherwood Rd Contact us

    We can help!

    Listing Contact
    George Macoubray
    George Macoubray

    Listing agent George Macoubray

    Listing office NAI Elliott

    Listing date Sep 15, 2021

    Source Moodyscre

    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 NAI Elliott

    HighLights

    • Fully built‑out restaurant space, ready for your vision.
    • Located at the intersection of HWY 99w & SW Tualatin‑Sherwood Road.
    • Close to a high traffic theater anchor (Former Regal Cinema 10‑screen theater).
    • Patio space included.
    • Parking available.
    • Existing build‑out.

    Overview

    Located at the intersection of HWY 99w and SW Tualatin-Sherwood Road, this property offers a fully built-out restaurant space. The property includes patio space and parking. The property was formerly used as a fitness space. The property has an existing build-out and was formerly a Regal Cinema 10-screen theater with 1854 seats. The available space is 4740 square feet.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply 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
    Sherwood
    County
    Washington
    State
    Oregon
    Longitude
    -122.84
    Latitude
    45.3565

    Nearby Similar for Lease

    • Contact for pricing
      5,000 SF

      High-Power Warehouse with Office Space

      5,000 SF industrial building with warehouse and office space.
      13735 Southwest Galbreath Drive, Sherwood, OR 97140
      View Details
    • Contact for pricing
      172,007 SF

      Sherwood Industrial Space For Lease

      New industrial development with warehouse and office space for lease.
      21600 SW Oregon Street, Sherwood, OR 97140
      View Details
    • Contact for pricing
      2,500 SF

      Industrial Space with Heavy Power

      Industrial space featuring heavy power, grade doors, and office space.
      20525 SW Cipole Rd, Sherwood , OR 97140
      View Details
    • $1.70 SF/Yr

      New Industrial Building in Sherwood

      Industrial building for rent with quick highway access.
      20861 SW Olds Pl, Sherwood, OR 97140
      View Details
    • Contact for pricing
      1,950 SF

      Industrial Space with Office

      Lease available: 1,950 SF industrial space with 346 SF office.
      13950 SW Galbreath Dr, Sherwood, OR 97140
      View Details
    • Contact for pricing

      Tualatin Sherwood Road Industrial Space

      5,760 SF industrial space with office in Tualatin.
      13985 SW Tualatin Sherwood Rd, Sherwood, OR 97140
      View Details
    • $2,122/Mo
      11,889 SF

      Industrial Spaces Near Highway 99W

      Industrial spaces with easy highway access and nearby amenities for lease.
      14841-14997 SW Tualatin-Sherwood Road, Sherwood, OR 97140
      View Details
    • Contact for pricing

      Downtown Sherwood Restaurant/Brewery Space

      Restaurant/brewery space in downtown Sherwood with existing kitchen infrastructure.
      22793 SW Pine Street, Sherwood, OR 97140
      View Details
    • $2,122/Mo
      1,376 SF

      Industrial Space in Tualatin-Sherwood Park

      Industrial spaces with grade door and clear heights available for rent.
      14937 SW Tualatin-Sherwood Rd, Sherwood, OR
      View Details
    • Contact for pricing

      Industrial Shop with Fenced Yard

      Industrial shop with yard near Wilsonville, immediate I-5 access.
      11175 SW Elligsen Way, Sherwood, OR 97140
      View Details
    • $2,024/Mo
      1,760 SF

      Industrial Space in Sherwood

      Industrial spaces available for lease near local amenities.
      14997 SW Tualatin Sherwood Rd, Sherwood, OR
      View Details
    • Contact for pricing

      New Class A Industrial Space

      Prime industrial lease opportunity in southwest Portland suburban location.
      21270 Southwest Oregon Street, Sherwood, OR 97140
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant/retail space available for lease near high-traffic theater.
    Where is this restaurant located?
    The property is located at 16015 SW Tualatin-Sherwood Rd Sherwood, OR.
    What are key features of this property?
    This property features: Fully built‑out restaurant space, ready for your vision.; Located at the intersection of HWY 99w & SW Tualatin‑Sherwood Road.; Close to a high traffic theater anchor (Former Regal Cinema 10‑screen theater).
    (503) 504-2957 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing George Macoubray
    George Macoubray
    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
    16015 SW Tualatin-Sherwood Rd, Sherwood, OR
    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!