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    Property profile & analytics

    16667 Boones Ferry Rd Lake Oswego, OR 97035

    • Coworking space
    • 12,000 SF
    • 0.54 lot acres
    For Lease
    View listing
    $36 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0426574
    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.

    Current Use by Public Records

    • Coworking space

    Property Details for 16667 Boones Ferry Rd

    Year built
    2026
    Lot size
    0.54 lot acres
    Property size
    12,000 SF
    Property type
    Coworking space
    Property subtype
    Office space

    Description

    Sunset Commons offers a unique opportunity to lease 3,392 square feet of Class A office space in a brand-new, mixed-use development (2026 completion) located at 16667 Boones Ferry Rd, Lake Oswego, OR 97035. This single-tenant space, part of a 12,000 square foot building, is situated on a 0.54-acre lot (22,046 sq ft) and boasts a 10.5' ceiling height. The building features three stories and provides 22 parking spaces, conveniently located behind the building. The space is adaptable, with the owner open to build-to-suit options and potential division for multiple tenants. This high-traffic location on Boones Ferry Road sees approximately 19,000 vehicles daily, offering exceptional visibility and accessibility. The property's strategic placement within walking distance of numerous amenities, including Zupan's and Albertsons supermarkets, Rite-Aid, banks, and restaurants, ensures convenience for employees and clients. Public transportation is also readily available, with a TriMet bus stop less than 500 feet away. The property is zoned WLG OC - Office Commercial (APN: 00235668, 00235677) and is ideally suited for traditional office, creative office, or coworking uses. Construction is contingent upon securing a commercial tenant. A separate residential entrance serves the eight residential lofts above the commercial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lake Oswego
    County
    Clackamas
    State
    Oregon
    Longitude
    -122.7277071
    Latitude
    45.4062895

    Comparable in this City

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    • $34 SF/Yr
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      Lake Oswego Office Space Available

      Corner office suite with natural light and private offices.
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      View Details
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      Lake Oswego Retail/Office Space

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    • $27 SF/Yr
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      Office Space in Lake Oswego

      Full-service office space with natural light and after-hours HVAC.
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      View Details
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      Lake Oswego Office Space Available

      Office space in Kruse Woods Corporate Park, Lake Oswego.
      4000 Kruse Way Pl, Lake Oswego, OR 97035
      View Details

    Similar Nearby for Sale

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      Lake Oswego Office Building - $3.8M

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      Executive Suites with I-5 Exposure

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      Fully Leased Suburban Investment Opportunity

      Investment opportunity in Portland's suburban market, fully leased.
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      Lake Oswego Freestanding Office Building

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    Similar Nearby for Lease

    • $22 SF/Yr
      19,989 SF

      Lake Oswego Executive Office Suites

      Prestigious A-Class Office Space in Oregon
      5 Centerpointe Dr, Lake Oswego, OR 97035
      View Details
    • $22 SF/Yr
      19,306 SF

      Lake Oswego Executive Office Suites

      Prestigious A-Class Office Space in Lake Oswego
      4800 Meadows Rd, Lake Oswego, OR 97035
      View Details
    • $34 SF/Yr
      636 SF

      Lake Oswego Office Space Available

      Corner office suite with natural light and private offices.
      16325 Boones Ferry Rd, Lake Oswego, OR 97035
      View Details
    • $28 SF/Yr
      4,083 SF

      Lake Oswego Retail/Office Space

      Retail or office space in affluent Lake Oswego, Oregon.
      15483 Boones Ferry Rd, Lake Oswego, OR 97035
      View Details
    • $27 SF/Yr
      15,042 SF

      Office Space in Lake Oswego

      Full-service office space with natural light and after-hours HVAC.
      15110 SW Boones Ferry Rd, Lake Oswego, OR 97035
      View Details
    • $32 SF/Yr
      1,992 SF

      Lake Oswego Office Space Available

      Office space in Kruse Woods Corporate Park, Lake Oswego.
      4000 Kruse Way Pl, Lake Oswego, OR 97035
      View Details
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    Lake Oswego, OR 97035
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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.

    More about this property
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