20055 Pacific HwySherwood, OR 97140

Property Details for 20055 Pacific Hwy

Year built

2000

Lot size

1.54 AC

Property size (Sq ft)

18,351 SF

Zone code

LI

Property type

Office properties

Property subtype

Other office properties

APN

2S129B0-00103

APU

2S129B000103

Description

This exceptional two-story, Class B office building, totaling 18,351 square feet, presents a compelling investment opportunity in Sherwood, Oregon. Built in 2000 and extensively renovated in 2023, the property boasts a prime location on SW Pacific Highway, directly across from a Home Depot, ensuring high visibility and convenient access. The building comprises three suites, with 3,109 square feet currently vacant, offering immediate potential for lease income. Suite sizes range from 487 to 1,210 square feet, catering to a variety of business needs. The 1.54-acre lot provides ample parking for tenants and visitors. Recent upgrades include significant improvements to the common areas and building infrastructure. All utilities are included, along with internet access, making this a highly attractive offering for prospective tenants. The property also features a prominent monument sign with available signage space for increased brand visibility. The building includes an elevator for convenient access to both floors. The property's APN is R124996218. This is a turn-key opportunity to acquire a well-maintained, updated office building in a thriving location. The combination of modern amenities, convenient location, and ample parking makes this property an ideal investment for both owner-occupiers and investors seeking strong rental income.

• CAP approach

  CAP return

  Valuation

  6%

  $3,252,916

  6.5%

  $3,002,692

  7%

  $2,788,214

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,114,289

  Geo Method

  $3,534,036

• Alternative Use

  Use

  Valuation

  Residential

  $3,723,338

  Hospitality

  $3,410,558

  Educational

  $2,837,544

  Medical

  $2,935,132

  Retail

  $4,413,958

Location Insight

City

Sherwood

County

Washington

State

Oregon

Latitude

45.3743

Longitude

-122.838

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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