Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17457 Parkway Ct Sherwood, OR 97140
    Back to Search
    Property profile & analytics

    17457 Parkway Ct Sherwood, OR 97140

    View on Map
    • Retail properties & Spaces
    • 10,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Silhouette Sneakers & Art / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
    • Senestraro Orthodontics / Dental Office

    Property Details for 17457 Parkway Ct

    Year built
    2022
    Property size
    10,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    The Senestraro Building, a Class B property in Sherwood, Oregon, offers exceptional office and medical space. Completed in 2022, this 10,000 square foot building features multiple tenancies, with 6,000 square feet currently vacant. Units range from a minimum of 1,700 square feet to a maximum contiguous space of 4,300 square feet, providing flexibility for various business needs. The building is zoned Commercial General, making it suitable for a wide range of professional uses. Ample surface parking is available, with 60 spaces provided (a ratio of 6.00 per 1,000 square feet). Located at 17457 SW Parkway Ct, Sherwood, OR 97140, this property offers convenient access and a modern workspace in a thriving community. The building's new construction ensures modern amenities and efficient layouts. Interested parties are encouraged to inquire about available space and lease terms. This prime location presents a unique opportunity for businesses seeking high-quality office or medical space in Sherwood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sherwood
    County
    Washington
    State
    Oregon
    Longitude
    -122.857
    Latitude
    45.3599

    Comparable in this City

    • Value Estimation
      $5,790,000
      24,225 SF

      20015 Pacific Hwy Ste, Unit 301

      MEDICAL BUILDING • 24,225 SF
      20015 Pacific Hwy Ste, Sherwood, OR 97140-9316
      View Details
    • Value Estimation
      $2,200,000
      9,200 SF

      17625 Handley St

      MEDICAL BUILDING • 9,200 SF
      17625 Handley St, Sherwood, OR 97140-8394
      View Details
    • Value Estimation
      $10,110,000
      42,306 SF

      16770 Edy Rd

      MEDICAL BUILDING • 42,306 SF
      16770 Edy Rd, Sherwood, OR 97140-9678
      View Details
    • Value Estimation
      $2,545,000
      10,640 SF

      17565 Handley St Ste, Unit 100

      MEDICAL BUILDING • 10,640 SF
      17565 Handley St Ste, Sherwood, OR 97140-8314
      View Details
    • Value Estimation
      $1,675,000
      7,000 SF

      21000 Dahlke Ln

      MEDICAL BUILDING • 7,000 SF
      21000 Dahlke Ln, Sherwood, OR 97140-8386
      View Details
    • Value Estimation by Request
      0.70 Acres

      21887 Sherwood Blvd

      MEDICAL BUILDING • 0.70 Acres
      21887 Sherwood Blvd, Sherwood, OR 97140-9459
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,853 SF

      Spacious Medical Suite in Sherwood

      Medical/office suite in central Sherwood location with flexible layout.
      20508 SW Roy Rogers Rd, Sherwood, OR 97140
      View Details
    • Contact for pricing
      2,050 SF

      Renovated Office Building in Sherwood

      Recently renovated 2,050 SF office building with modern amenities.
      22467 SW Ash St, Sherwood, OR 97140
      View Details
    • $2,400,000

      Light Industrial Land For Sale

      Newly zoned light industrial land close to I-5.
      10630 SW Tonquin Loop, Sherwood, OR 97140
      View Details
    • $1,700,000

      Industrial Land For Sale

      2.72 acre industrial land with development opportunity.
      15025 sw Tualatin-Sherwood Rd, Sherwood, OR 97140
      View Details
    • Contact for pricing
      89,000 SF

      Industrial Land with Pre-Designed Building

      Industrial land for sale with pre-designed building plans.
      14180 SW Galbreath Dr, Sherwood, OR 97140
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Construction Office/Retail Space

      New construction office, medical, retail, or service space for rent.
      17457 SW Parkway Ct, Sherwood, OR 97140
      View Details
    • Contact for pricing

      Downtown Sherwood Restaurant/Brewery Space

      Restaurant/brewery space in downtown Sherwood with existing kitchen infrastructure.
      22793 SW Pine St, Sherwood, OR 97140
      View Details
    • Contact for pricing
      1,121 SF

      Sherwood Office Space For Rent

      Office space available for lease in Sherwood, Oregon.
      22831 SW Forest Creek Dr, Sherwood, OR 97140
      View Details
    • Contact for pricing

      Industrial Space with Heavy Power

      Industrial space featuring heavy power, grade doors, and office space.
      20525 SW Cipole Rd, Sherwood, OR 97140
      View Details
    • $24 SF/Yr

      Updated Office Space For Rent

      Office space with recent updates and utilities included.
      20055 SW Pacific Hwy, Sherwood, OR 97140
      View Details
    • Contact for pricing

      Industrial Space with Heavy Power

      Industrial space featuring heavy power, grade doors, and office space.
      20525 SW Cipole Rd, Sherwood, OR 97140
      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.
    17457 Parkway Ct
    Sherwood, OR 97140
    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
    17457 Parkway Ct, Sherwood, OR, 97140
    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!