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Property profile & analytics
OFF-MARKET
Estimated value
$10,110,000
Medical Office Space
16770 Edy Rd, Sherwood, OR 97140-9678
Individually Owned
23-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0109772
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Total area
42,306 SF
Lot
2.71 ac (118,048 SF)
Zoning code
RC
APN
2S130DA-00700
UPID
US71-0109772
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
-
Millennium Heating & Cooling HVAC Service General Contractor
-
Providence Medical Group - Sherwood Pediatrics Medical Clinic
-
Dr. Edmund C. Beck, MD Pediatrician Physician
-
Crihfield Kimberly S MD Physician
-
White Anna G MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.11M
Blend (final)
Blend
$10.11M
Owner & transaction history
Providence Health System FCU · 23 yrs held
Providence Health System FCU
since 2002
1 recorded transaction
Zoning & alternative use
RC · Sherwood, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
MEDICAL BUILDING
$13,490,000
Current use
RESTAURANT
$12,805,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$11,725,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$10.11M
Range $9.10M – $11.12M · ±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
$239 / 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
$73,171
Tax year 2023
Assessed value
$3,707,150
Assessed 2023
Previous assessed
$3,599,180
+3.0% YoY
Effective rate
1.97%
On assessed value
Land market value
$2,812,430
Improvement market value
$10,282,530
Total market value
$13,094,960
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Heating
NONE
Total area
42,306 SF
Lot
2.71 ac (118,048 SF)
Zoning code
RC
APN
2S130DA-00700
UPID
US71-0109772
Jurisdiction
WASHINGTON
Zoning & alternative use
RC · Sherwood, OR
Zoning RC · permitted uses
RC · 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
MEDICAL BUILDING Current
Est. value
$13.5M
RESTAURANT
Est. value
$12.8M
COMMERCIAL (GENERAL)
Est. value
$11.7M
MEDICAL BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
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
Year built
2006
Heating
NONE
Lot
2.71 ac
Current owner
From public records · entity-resolved
Providence Health System FCU
Individual
Free & Clear · 23 yrs held
Mailing address
1801 LIND AVE SW, RENTON, WA 98057-3368
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2002
$2,226,300
Providence Health System FCU
Deuth,robert B & Carol J
Grant Deed
related
—
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.
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