Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Oswego Office Building Title is generated by Realmo AI

    3689 Carman Dr, Lake Oswego, OR

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

    6,047 SF office building in Lake Oswego, Oregon.

    Type:OFFICE
    Property size:
    6,047 SF
    Lot size:
    0.49 Acres
    Price / SF:
    $392/SF
    Added:
    May 28, 2025
    Days on Market:
    359
    Last Refresh:
    Apr 5 at 10:53 pm

    Property Features for 3689 Carman Dr

    General Information

    Standard status
    Active
    Size
    6,047 SF
    Lot size
    0.49 Acres
    Property subtype
    OFFICE

    We can help!

    Listing Contact
    Mark Hefner
    Mark Hefner

    Listing agent Mark Hefner License #CA:00823945,NV:BS.1000677,OR:201211829,WA:24003

    Listing office Marcus & Millichap | Sacramento

    Listing date May 28, 2025

    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 Marcus & Millichap | Sacramento

    HighLights

    • 6,047 SF office building
    • Located in Lake Oswego, Oregon

    Overview

    This 6,047 square foot office building is located in Lake Oswego, Oregon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Oswego
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.714
    Latitude
    45.4202

    Nearby Similar for Sale

    • $1,950,000
      5,950 SF

      New Modern Duplex in Oswego

      Luxury duplex with modern design, ideal for flexible living.
      5321 LAKEVIEW Blvd, LakeOswego, OR 97035
      View Details
    • $3,500,000
      4,800 SF

      Lake Oswego Retail Investment Opportunity

      Retail property with long-term leases and renewal options.
      16120 BOONES FERRY, LakeOswego, OR 97035
      View Details
    • $4,375,000
      8,747 SF

      Fully Leased Suburban Investment Opportunity

      Investment opportunity in Portland's suburban market, fully leased.
      16679 Boones Ferry Rd, Lake Oswego, OR
      View Details
    • $3,900,000
      7,330 SF

      Lake Oswego Freestanding Office Building

      Freestanding office building in central Lake Oswego with on-site parking.
      16001 Quarry Rd, Lake Oswego, OR
      View Details
    • Contact for pricing

      Fully Leased Lake Oswego Office

      Well-maintained, fully leased office building in Lake Oswego.
      3990 Southwest Collins Way, Lake Oswego, OR 97035
      View Details
    • Contact for pricing

      New Flex Building in Oswego

      Fully leased flex building in Lake Oswego with excellent access.
      5755 Willow Lane, Lake Oswego, OR 97035
      View Details
    • Contact for pricing
      18,300 SF

      Lake Oswego Industrial Opportunity

      18,300 SF industrial space on 0.99 acres for sale.
      221 Foothills Road, Lake Oswego, OR, 97034
      View Details
    • Contact for pricing

      Lake Oswego Office Building For Sale

      25,181 SF office building with diverse tenant mix.
      4 Monroe Pky, Lake Oswego, OR 97035
      View Details
    • Contact for pricing

      Executive Suites with I-5 Exposure

      Full-service executive suites with immediate I-5 and Highway 217 access.
      15171 SW Bangy Rd, Lake Oswego, OR 97035
      View Details
    • $1,174,950

      Land in Lake Oswego

      Land with lake easements in highly sought-after location.
      4224 HAVEN St, LakeOswego, OR 97035
      View Details
    • $3,900,000
      7,330 SF

      Lake Oswego Owner-User Opportunity

      Versatile building suitable for medical, retail, or professional services.
      16001 SW Quarry Rd, Lake Oswego, OR 97035
      View Details
    • Contact for pricing
      2,800 SF

      Medical Office Space For Rent

      Medical office space available in a highly visible location.
      16455 Boones Ferry Rd, Lake Oswego, OR
      View Details

    FAQs

    What type of property is this?
    Office building - 6,047 SF office building in Lake Oswego, Oregon.
    Where is this office building located?
    The property is located at 3689 Carman Dr Lake Oswego, OR.
    What is the asking price?
    The asking price for this property is $2,375,000.
    What are key features of this property?
    This property features: 6,047 SF office building; Located in Lake Oswego, Oregon
    (916) 724-1400 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Hefner
    Mark Hefner
    Real Estate License ID: CA:00823945,NV:BS.1000677,OR:201211829,WA:24003
    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
    3689 Carman Dr, Lake Oswego, 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!