Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    16605 362Nd Dr Sandy, OR 97055

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16605 362Nd Dr Sandy, OR 97055

    View on Map
    • Neighborhood centers
    • 6,546 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Papa Murphy's | Take 'N' Bake Pizza / Restaurant
    • Subway / Take-out & Catering
    • Dazzle Nails / Nail Salon
    • Bank of America ATM (Drive-thru) / Atm
    • AT&T Store / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 16605 362Nd Dr

    Property size
    6,546 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located in Sandy, Oregon, within the Sandy Shops @ Fred Meyer center. The property is a single-tenant building offering 2,846 square feet of immediately available space within a larger 6,546 square foot strip center. The building's prime location offers excellent visibility and accessibility, situated at 16605 SE 362nd Dr, Sandy, OR 97055, in Clackamas County. This space is ideal for a variety of retail uses, including quick-service restaurants (QSR) and standalone businesses. The property is currently configured as a single suite, providing flexibility for a tenant seeking a larger, contiguous space. The address boasts convenient access for customers and employees alike. The surrounding area offers a strong demographic profile and significant foot traffic, making this an attractive location for businesses seeking high visibility and a thriving customer base. The available space presents a unique chance to establish or expand a retail presence in a desirable Sandy, Oregon market. Interested parties should inquire promptly to secure this exceptional retail opportunity. The total building size is 6,546 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sandy
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.292
    Latitude
    45.4041

    Comparable in this City

    • Value Estimation by Request
      0.03 Acres

      Sandy, OR 97055

      VACANT COMMERCIAL LAND • 0.03 Acres
      Sandy, OR 97055
      View Details
    • Value Estimation by Request
      1.00 Acre

      Sandy, OR 97055

      VACANT COMMERCIAL LAND • 1.00 Acre
      Sandy, OR 97055
      View Details
    • Value Estimation by Request
      0.37 Acres

      Sandy, OR 97055

      VACANT COMMERCIAL LAND • 0.37 Acres
      Sandy, OR 97055
      View Details
    • Value Estimation by Request
      0.03 Acres

      Sandy, OR 97055

      COMMERCIAL (GENERAL) • 0.03 Acres
      Sandy, OR 97055
      View Details
    • Value Estimation by Request
      0.03 Acres

      Sandy, OR 97055

      COMMERCIAL (GENERAL) • 0.03 Acres
      Sandy, OR 97055
      View Details
    • Value Estimation by Request
      0.26 Acres

      Sandy, OR 97055

      RECREATIONAL, ENTERTAINMENT • 0.26 Acres
      Sandy, OR 97055
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,480 SF

      Sandy Commercial Building Opportunity

      Two-level building on 0.74 acres with parking and highway access.
      39590 Pioneer Blvd, Sandy, OR 97055
      View Details
    • Contact for pricing
      4,548 SF

      Retail Building Near Mt. Hood

      Free-standing retail building near Mt. Hood on 0.49 acres.
      38454 Pioneer Blvd, Sandy, OR 97055
      View Details
    • Contact for pricing
      4,548 SF

      Retail Property Near Mt. Hood

      Retail property with approved expansion plans near Mt. Hood.
      38454 Pioneer Blvd, Sandy, OR 97055
      View Details
    • Contact for pricing

      Highway 26 Development Parcel

      1.5 acre commercial parcel on Highway 26 in Sandy, Oregon.
      35807 Industrial Way, Sandy, OR 97055
      View Details
    • New
      $549,000
      42.39 Acres

      Expansive Acreage in Sandy, Oregon

      42-acre property in Sandy with views and building potential.
      Sandy, OR 97055
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease in Sandy, Oregon.
      16605 SE 362Nd Dr, Sandy, OR 97055
      View Details
    • Contact for pricing
      1,780 SF

      Retail Space in Sandy, Oregon

      Retail space available in high-traffic Sandy, Oregon location.
      16605 362Nd Ave, Sandy, OR 97055
      View Details
    • Contact for pricing

      Warehouse with Secured Yard

      Warehouse with secured yard and heavy power in Sandy, Oregon.
      Sandy, OR 97055
      View Details
    • Contact for pricing
      4,696 SF

      Freestanding Medical Office Building

      Freestanding medical office building with abundant parking and highway visibility.
      37139 Highway 26, Sandy, OR 97055
      View Details
    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.
    16605 362Nd Dr
    Sandy, OR 97055
    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

    16605 362Nd Dr, Sandy, OR, 97055

    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!