Property profile

20508 Roy Rogers Rd Sherwood, OR 97140

OFF-MARKET
Retail properties & Spaces
Built 2006
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Property summary

AI-generated overview

This exceptional 2,000-square-foot retail condominium, located in Sherwood's rapidly expanding Hunters Ridge submarket, presents a unique investment opportunity. Built in 2006, this Class B property is part of a two-building complex featuring four stories. The retail space occupies the first floor, offering convenient access and high visibility. The unit boasts its own HVAC system, ensuring climate control year-round. The layout is open and versatile, currently configured with four to five rooms, previously used as an eyeglass/optometry practice. The property includes 60 total parking spaces, shared between commercial tenants and residents of the upper three floors of residential condos. Power is supplied by a 220 VAC system, and an elevator is available for convenient access. The property is zoned C-2, allowing for a variety of retail uses. Situated near the intersection of Roy Rogers, this location benefits from excellent visibility and accessibility. The Sherwood area, specifically the development stretching from Highway 99 North to the Tualatin Valley Highway in Hillsboro, is experiencing significant growth, with plans for 10,000 new homes, townhomes, condos, and apartments. This presents a compelling opportunity to capitalize on the increasing demand for retail services in this thriving community, with limited commercial space to serve the burgeoning residential population.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2006

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Charitable Organization Social Service Agency
  • Alternative Medicine Practice
  • Alternative Medicine Practice
  • Department Store

Location

20508 Roy Rogers Rd Sherwood, OR 97140
Sherwood metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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