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    120 Foothills Rd Lake Oswego, OR 97034

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    120 Foothills Rd Lake Oswego, OR 97034

    View on Map
    • Distribution centers
    • 24,920 SF
    • 1.40 lot acres
    Off-Market
    Property ID
    US71-0690970
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Distribution centers

    Property Details for 120 Foothills Rd

    Year built
    1969
    Lot size
    1.40 lot acres
    Property size
    24,920 SF
    Property type
    Distribution centers
    APN
    001-821-99

    Description

    This exceptional single-tenant net lease industrial warehouse, located at 120 Foothills Rd, Lake Oswego, OR 97034, presents a compelling investment opportunity. The property boasts 24,920 square feet across four, one-story buildings situated on a 1.4-acre lot (APN: 001-821-99). Built in 1969, the property is zoned I - Industrial, allowing for a variety of uses, including self-storage. The current lease is a net lease, expiring at the end of 2027, offering the potential for renewal or extension. The tenant has consistently invested in capital improvements. This location offers significant advantages, including proximity to Downtown Lake Oswego, Oregon Route-43, and easy access to I-5 and I-205 freeways. The property benefits from a strong demographic area with low industrial vacancy rates in Lake Oswego (0.3%) and the broader Portland area (5.4% in 3Q24). This presents an attractive owner-user opportunity, providing protection against future rental market fluctuations and offering occupancy control, tax benefits, and equity accumulation. The asking price is $3,755,000. This is a rare commercial property in a primarily residential area, offering significant potential for long-term growth and return on investment.

    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
    Lake Oswego
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.6600329
    Latitude
    45.4197533

    Comparable in this City

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      Lake Oswego Residential Land Opportunity

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      Lake Oswego Land Opportunity

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      Premiere Lot with Mountain View

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      Lake Oswego Land Opportunity

      Two adjacent lots totaling 0.53 acres in Lake Oswego.
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    Similar Nearby for Sale

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      Lake Oswego Industrial Opportunity

      18,300 SF industrial space on 0.99 acres for sale.
      221 Foothills Rd, Lake Oswego, OR 97034
      View Details
    • $5,500,000
      3.24 Acres

      Lake Oswego Dividable Acreage

      Rare 3.24-acre dividable property in prestigious Lake Oswego neighborhood.
      13501 Knaus Rd, Lake Oswego, OR 97034
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    • $425,000

      Lake Oswego Residential Land Opportunity

      Rare .32-acre lot in coveted neighborhood with lake easement rights.
      17035 Westview Cir, Lake Oswego, OR 97034
      View Details
    • New
      $725,000
      0.23 Acres

      Lake Oswego Land Opportunity

      Land in Hallinan neighborhood, build your dream home!
      1408 Pine St, Lake Oswego, OR 97034
      View Details
    • Contact for pricing

      Premiere Lot with Mountain View

      Large, private lot in Lake Oswego with Mt. Hood view.
      13092 Amber Ln, Lake Oswego, OR 97034
      View Details
    • $1,050,000
      0.53 Acres

      Lake Oswego Land Opportunity

      Two adjacent lots totaling 0.53 acres in Lake Oswego.
      Ash St, Lake Oswego, OR 97034
      View Details

    Similar Nearby for Lease

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      Downtown Lake Oswego Retail/Office Space

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      Upscale Restaurant Space Available

      Prime second-generation restaurant space for lease.
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      1,805 SF

      Functional Suburban Office Space Available

      Top floor office space with ample parking and nearby amenities.
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    • $32 SF/Yr

      Lake Oswego Office Space

      Office space available for lease in Lake Oswego, Oregon.
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      3,203 SF

      Finished Office Space with Views

      Well-lit office space with open areas and covered parking.
      390 1St St, Lake Oswego, OR 97034
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    • $3,300 /Mo

      Office with Large Yard Space

      Office space with a 12,000 SF yard for rent.
      220 Foothills Rd, Lake Oswego, OR 97034
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    Lake Oswego, OR 97034
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    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.

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    120 Foothills Rd, Lake Oswego, OR, 97034

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