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    OFF-MARKET
    Retail properties & Spaces

    20508 Roy Rogers Rd, Sherwood, OR 97140

    Built 2006
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Casa of Oregon Charitable Organization Social Service Agency
    • Nisreen Malik Alternative Medicine Practice
    • Sherwood Family Chiropractic Clinic Alternative Medicine Practice
    • The Meadowlark Mercantile Department Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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