Single-Story Office
New
For Sale
$1,950,000
3927 Lake Grove Avenue, Lake Oswego, OR 97035
Dedicated on-site parking is included with the property.
Property Size5,400 SF
Price / SF$361.11
Days on Market4
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Property Features for 3927 Lake Grove Avenue
General Information
Standard status
Active
Size
5,400 SF
Property subtype
Office
Building Details
Stories
1
Listing Agency:
CBRE
Listed By:
John Medak
(503) 221-4854
Source:
Cbre
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 14 at 10:12PM
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 CBRE
Investment Insights
Based on property information with market context.
This single-story office property contains 5,400 square feet and includes dedicated parking on the parcel. It is located at 3927 Lake Grove Avenue in Lake Oswego, Oregon.
Key Highlights
- 5,400‑square‑foot office property
- Single‑story building
- Dedicated on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,901
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,398,020
$1.4M
Cap Rate 7%
$998,586
$998.6K
Cap Rate 9%
$776,678
$776.7K
Market Conditions
NOI Build-Up for 5,400 SF
Gross rent
$123.1K $22.80/SF
− Vacancy
−$29.9K −$5.54/SF
EGI
$93.2K $17.26/SF
− OpEx
−$23.3K −$4.31/SF
NOI
$69.9K $12.94/SF
Area
Clackamas 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 Rate 5%
$1,398,020
Cap Rate 7%
$998,586
Cap Rate 9%
$776,678
Alternative Uses
Best Use
Office B
$998.6K
$873.8K – $1.17M
NOI $69,901 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,031 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,893
Businesses Nearby
Explore this area
Business Placement
Demographics for 97035, OR
25,770
Population
11,822
Households
2.2
Avg Household Size
44
Median Age
73%
College-Educated
99%
High-School Grad
5.8 sq mi
ZIP Area
4,443
Density / Sq Mi
$126,866
Median Household Income
$75,523
Median Earnings
$1,951
Median Rent
$790,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Dedicated on-site parking is included with the property.
Where is this office building located?
The property is located at 3927 Lake Grove Avenue Lake Oswego, OR.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 5,400‑square‑foot office property; Single‑story building; Dedicated on‑site parking
