Mixed-Use Building with
16079 SW Railroad St, Sherwood, OR 97140
For Sale
$2,000,000
Retail suites and small offices occupy separate floors, with distinct lease structures for each use.
Property Size10,553 SF
Price / SF$189.52
Days on Market92
Property Features for 16079 SW Railroad St
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Corner Location
Mixed-Use Components
Additional Details
Office Units
Tenant in Place
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Tenancy
Listing Agency:
Miller Consulting Group, LLC
Listed By:
Mary Martin Miller · License OR #200107121
(503) 740-9200
Source:
Horsepowerrealestateproperties
Added: Aug 14
Changed: Nov 12
Last Checked: Nov 12 at 4:35PM
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 Miller Consulting Group, LLC
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Investment Insights
Based on property information with market context.
Two buildings on one tax lot provide a mix of retail and office space, totaling 10,553 square feet. Built in 1914, the property has four retail tenants on the ground floor under NNN leases and thirteen small office tenants upstairs under full-service leases. The property is zoned RC.
At the corner of Washington and Railroad Streets in Old Town Sherwood, the property is near the Sherwood Center for the Performing Arts, City Hall, and historic Old Town antique and retail stores.
At the corner of Washington and Railroad Streets in Old Town Sherwood, the property is near the Sherwood Center for the Performing Arts, City Hall, and historic Old Town antique and retail stores.
Key Highlights
- 10,553‑square‑foot mixed‑use property comprising two buildings on one tax lot
- Four ground‑floor retail tenants with NNN leases
- Thirteen small office tenants on the second floor with full‑service leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,975
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,319,500
$3.3M
Cap Rate 7%
$2,371,071
$2.4M
Cap Rate 9%
$1,844,167
$1.8M
Market Conditions
NOI Build-Up for 10,553 SF
Gross rent
$312.8K $29.64/SF
− Vacancy
−$47.2K −$4.48/SF
EGI
$265.6K $25.16/SF
− OpEx
−$99.6K −$9.44/SF
NOI
$166.0K $15.73/SF
Area
Washington County, OR
Vacancy
15.10%
Lease Rate
$29.64 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,319,500
Cap Rate 7%
$2,371,071
Cap Rate 9%
$1,844,167
Alternative Uses
Best Use
Mixed Use
$2.37M
$2.07M – $2.77M
NOI $165,975 @ 7.0% cap · market cap 8.30%
Second Best
Office B
$1.95M
$1.71M – $2.28M
NOI $136,605 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$2.85M
$2.49M – $3.32M
NOI $199,396 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
13
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
427
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail suites and small offices occupy separate floors, with distinct lease structures for each use.
Where is this mixed-use property located?
The property is located at 16079 SW Railroad St Sherwood, OR.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 10,553‑square‑foot mixed‑use property comprising two buildings on one tax lot; Four ground‑floor retail tenants with NNN leases; Thirteen small office tenants on the second floor with full‑service leases
