End-Unit Mixed-Use
For Sale
Contact for pricing
22415 SW Pine St, Sherwood, OR 97140
Ground-floor commercial space is paired with three-bedroom residential living above.
Property Size1,914 SF
Price / SF$283.81
Days on Market144
Property Features for 22415 SW Pine St
General Information
Standard status
Active
Size
1,914 SF
Total Parking Spaces
1
Property subtype
Mixed Use
Occupancy
100%
Investment Type
Owner/User
Additional Details
Floor
Lower Level
End Cap
Yes
Amenities
kitchenette
ADA-accessible bathroom
attached garage
gourmet kitchen
walk-in shower
laundry room
Building Details
Year Built
2024
Buildings
1
Stories
3
Listing Agency:
eXp Realty in Oregon
(888) 814-9613
Listed By:
Evan Nelson · License #OR 201206804
Source:
Crexi
Added: Apr 9
Changed: Aug 29
Last Checked: Aug 29 at 1:50PM
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 eXp Realty in Oregon
Investment Insights
Based on property information with market context.
Located on SW Pine St in downtown Sherwood, this 2024-built end-unit townhouse combines a street-facing commercial area with residential space across the upper levels. The lower floor includes a kitchenette, full ADA-accessible bathroom, and attached 1-car garage for parking or storage.
The main residential level features an open kitchen and living area, large island, stainless steel appliances, electric range, and half bath. Upstairs are three bedrooms, including a primary suite with private full bathroom and walk-in shower, plus a second full bathroom and closet-style laundry room. The property contains 1,914 square feet and is positioned within downtown Sherwood.
The main residential level features an open kitchen and living area, large island, stainless steel appliances, electric range, and half bath. Upstairs are three bedrooms, including a primary suite with private full bathroom and walk-in shower, plus a second full bathroom and closet-style laundry room. The property contains 1,914 square feet and is positioned within downtown Sherwood.
Key Highlights
- 2024‑built end‑unit mixed‑use townhouse in downtown Sherwood
- 1,914 SF property with commercial and residential components
- Street‑facing commercial area with kitchenette and full ADA‑accessible bathroom
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
$30,103
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
5.54%
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%
$602,060
$602.1K
Cap Rate 7%
$430,043
$430.0K
Cap Rate 9%
$334,478
$334.5K
Market Conditions
NOI Build-Up for 1,914 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
$56.7K $29.64/SF
− Vacancy
−$8.6K −$4.48/SF
EGI
$48.2K $25.16/SF
− OpEx
−$18.1K −$9.44/SF
NOI
$30.1K $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 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%
$602,060
Cap Rate 7%
$430,043
Cap Rate 9%
$334,478
Alternative Uses
Best Use
Mixed Use
$430.0K
$376.3K – $501.7K
NOI $30,103 @ 7.0% cap · market cap 5.54%
Second Best
Office B
$353.9K
$309.7K – $412.9K
NOI $24,776 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$516.6K
$452.1K – $602.7K
NOI $36,164 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space is paired with three-bedroom residential living above.
Where is this mixed-use property located?
The property is located at 22415 SW Pine St Sherwood, OR.
What is the asking price?
The asking price for this property is $543,210.
What are key features of this property?
This property features: 2024‑built end‑unit mixed‑use townhouse in downtown Sherwood; 1,914 SF property with commercial and residential components; Street‑facing commercial area with kitchenette and full ADA‑accessible bathroom
