Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    4250 Mercantile Dr Lake Oswego, OR 97035

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $20 SF/Yr ($11,355 /Mo)

    High-visibility commercial site on a busy corner in Lake Oswego.

    Property size:
    6,813 SF
    Lot size:
    0.92 Acres

    Property Features for 4250 Mercantile Dr

    General Information

    Size
    6,813 SF
    Lot size
    0.92 Acres

    We can help!

    Listing Contact
    Sam Lefeber
    Source: Moodyscre

    Listing Agent: Sam Lefeber

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Retail Space in Oswego

    This high-visibility commercial site is located in the heart of Lake Oswego, situated on a hard corner along Kruse Way, one of the city’s busiest corridors. The property features two access points, via Mercantile Drive and Galewood Street. It offers ample parking and prominent signage. The land size is approximately 0.98 acres, which is about 42,688 square feet. The property offers 6,813 square feet of retail space.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -122.7201351
    Latitude
    45.4166748

    Nearby Similar for Lease

    • $32 SF/Yr
      1,992 SF

      Lake Oswego Office Space Available

      Office space in Kruse Woods Corporate Park, Lake Oswego.
      4000 Kruse Way Pl, Lake Oswego, OR 97035
      View Details
    • $13,000 /Mo
      4,285 SF

      Lake Oswego Office Space Available

      Premier leasing opportunity in Lake Oswego with modern interior.
      15540 Boones Ferry Rd, Lake Oswego, OR 97035
      View Details
    • $38 SF/Yr
      1,148 SF

      Lake Oswego Retail Space Available

      Upscale retail, restaurant, and commercial space in downtown Lake Oswego.
      100-188 A Ave, Lake Oswego, OR 97034
      View Details
    • $38 SF/Yr
      2,324 SF

      Lake Oswego Retail Opportunity

      Upscale retail, restaurant, and commercial space in Lake Oswego.
      300-380 1St St, Lake Oswego, OR 97034
      View Details
    • $28 SF/Yr
      4,083 SF

      Lake Oswego Retail/Office Space

      Retail or office space in affluent Lake Oswego, Oregon.
      15483 Boones Ferry Rd, Lake Oswego, OR 97035
      View Details
    • Contact for pricing
      5,930 SF

      Lake Oswego Office Space Available

      Office space for rent in Kruse Woods Corporate Park.
      5000 Mdws Rd, Lake Oswego, OR
      View Details
    • Contact for pricing

      Freestanding Office Building Sublease

      Iconic Lake Oswego office building with flexible space.
      Lake Oswego, OR 97034
      View Details
    • Contact for pricing

      Prime Retail and Office Space

      Retail and office space in Westlake neighborhood, Lake Oswego.
      14559 SW Westlake Dr, Lake Oswego, OR 97035
      View Details
    • $22 SF/Yr
      19,989 SF

      Lake Oswego Executive Office Suites

      Prestigious A-Class Office Space in Oregon
      5 Centerpointe Dr, Lake Oswego, OR 97035
      View Details
    • $32 SF/Yr
      1,673 SF

      LEED Certified Office Space

      High-quality office space with abundant natural light and great access.
      15573 Bangy Rd, Lake Oswego, OR 97035
      View Details
    • $32 SF/Yr
      7,387 SF

      Lake Oswego Office Building For Sale

      7,387 SF Medical/Professional Office, Lake Oswego
      4309 Oakridge Rd, Lake Oswego, OR 97035
      View Details
    • Contact for pricing

      LEED Certified Office Building

      High-quality office spaces with flexible configurations and abundant natural light.
      Lake Oswego, OR 97035
      View Details

    FAQs

    What type of property is this?
    Retail space - High-visibility commercial site on a busy corner in Lake Oswego.
    Where is this retail space located?
    The property is located at 4250 Mercantile Dr Lake Oswego, OR.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility commercial site in the heart of Lake Oswego.; - Located on a hard corner along Kruse Way, one of the city’s busiest corridors.; - Ample parking and prominent signage.
    (503) 866-1956
    Request Owner's contact information
    4250 Mercantile Dr Lake Oswego, OR 97035
    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.
    4250 Mercantile Dr
    Lake Oswego, OR 97035
    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
    4250 Mercantile Dr Lake Oswego, OR 97035
    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

    We can help!
    Listing Contact
    Sam Lefeber
    (503) 866-1956
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.