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Property profile & analytics
FOR LEASE
Warehouses
11277 SW Clay St Sherwood, OR 97140
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0126339
For Lease
1 / 6
$3,675,000
11277 SW Clay St, Sherwood, OR 97140
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
23,355 SF
Lot
7 ac (304,920 SF)
Zoning code
FD-20
APN
3S103AB-00300
UPID
US71-0126339
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
-
Brix Paving Northwest Inc. General Contractor Construction Company
-
Waterite Irrigation General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.68M
Blend (final)
Blend
$3.68M
Owner & transaction history
Brix Properties LLC · 17 yrs held
Brix Properties LLC
since 2009
4 recorded transactions
Zoning & alternative use
FD-20 · Sherwood, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.2M
+28.3%
Apartment house (5+ units)
$5.2M
+27.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sherwood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sherwood submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,070,000
Current use
RETAIL STORES
$5,225,000
Change: +28% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,190,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,795,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$3.68M
Range $3.31M – $4.04M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$157 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$24,760
Tax year 2023
Assessed value
$1,560,620
Assessed 2023
Previous assessed
$1,515,170
+3.0% YoY
Effective rate
1.59%
On assessed value
Land market value
$1,288,000
Improvement market value
$3,689,690
Total market value
$4,977,690
Applied tax rate
88.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Heating
NONE
Total area
23,355 SF
Lot
7 ac (304,920 SF)
Zoning code
FD-20
APN
3S103AB-00300
UPID
US71-0126339
Jurisdiction
WASHINGTON
Zoning & alternative use
FD-20 · Sherwood, OR
Zoning FD-20 · permitted uses
FD-20 · Sherwood, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sherwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.1M
RETAIL STORES
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$3.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Lot
7 ac
Current owner
From public records · entity-resolved
Brix Properties LLC
Entity
Free & Clear · 17 yrs held
Mailing address
2250 SW TURNER RD, WEST LINN, OR 97068-8633
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 2009
$1,500,000
Brix Properties LLC
Clay Street Properties LLC
Warranty Deed
—
—
—
Clay Street Properties LLC
—
Deed Of Trust
related
$1,910,000 · West Coast Bank
—
—
Clay Street Properties LLC
—
Deed Of Trust
related
$1,800,000 · West Coast Bank
—
—
Clay Street Properties LLC
—
Deed Of Trust
related
$400,000 · West Coast Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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