Sherwood Office
For Sale
Contact for pricing
20508 SW Roy Rogers, Sherwood, OR 97140
Office units with off-street parking and HOA coverage including water, sewer, garbage, and common area maintenance.
Property Size1,957 SF
Price / SF$254.98
Days on Market518
Property Features for 20508 SW Roy Rogers
General Information
Standard status
Active
Size
1,957 SF
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Listing Agency:
Macadam Forbes
(503) 227-2500
Listed By:
Brett Bayne · License ##940700089
(503) 972-7280
Source:
Moodyscre
Added: Apr 15, 2025
Changed: Sep 10
Last Checked: Sep 13 at 10:25AM
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
Investment Insights
Based on property information with market context.
These office units offer off-street parking and an HOA structured to cover essential property services. The monthly HOA is $589.00 and includes water/sewer, garbage, and common area maintenance.
Located in Sherwood with convenient Highway 99 access, the property benefits from abundant amenities nearby.
With a total size of 1,957 square feet, this offering is suited for buyers looking for an office configuration that includes ongoing common-area support through the HOA.
Located in Sherwood with convenient Highway 99 access, the property benefits from abundant amenities nearby.
With a total size of 1,957 square feet, this offering is suited for buyers looking for an office configuration that includes ongoing common-area support through the HOA.
Key Highlights
- Off‑street parking available
- Sherwood location with Highway 99 access
- HOA is $589/month and includes water/sewer, garbage, and common area maintenance
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
$25,333
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
5.08%
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%
$506,660
$506.7K
Cap Rate 7%
$361,900
$361.9K
Cap Rate 9%
$281,478
$281.5K
Market Conditions
NOI Build-Up for 1,957 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
$44.6K $22.80/SF
− Vacancy
−$10.8K −$5.54/SF
EGI
$33.8K $17.26/SF
− OpEx
−$8.4K −$4.31/SF
NOI
$25.3K $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%
$506,660
Cap Rate 7%
$361,900
Cap Rate 9%
$281,478
Alternative Uses
Best Use
Office B
$361.9K
$316.7K – $422.2K
NOI $25,333 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$528.2K
$462.2K – $616.3K
NOI $36,977 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
766
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Office units with off-street parking and HOA coverage including water, sewer, garbage, and common area maintenance.
Where is this office units located?
The property is located at 20508 SW Roy Rogers Sherwood, OR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Off‑street parking available; Sherwood location with Highway 99 access; HOA is $589/month and includes water/sewer, garbage, and common area maintenance
