16852 Edy Rd Sherwood, OR 97140-9146
Property profile & analytics
16852 Edy Rd Sherwood, OR 97140-9146
- Individual retail properties
- 15,730 SF
- 1.33 lot acres
Property ID
US71-1605665
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.
Location Intelligence
Current Use by Public Records
- ChargePoint Charging Station / Electric Vehicle Charging Station
- Planet Fitness / Gym & Fitness Center
Property Details for 16852 Edy Rd
- Lot size
- 1.33 lot acres
- Property size
- 15,730 SF
- Zone code
- RC
- Property type
- Individual retail properties
- APN
- 2S130DA-02100
- APU
- 2S130DA02100
Description
This exceptional investment opportunity presents a fully occupied, 15,728-square-foot Planet Fitness storefront in Sherwood, Oregon. Located at 16852 SW Edy Rd, this Class A retail building, constructed between 2018 and 2019, sits on a 57,889 square foot lot and boasts 131 parking spaces. The property is zoned RC by the City of Sherwood and benefits from a strong location near other established businesses including Starbucks, IHOP, and Guardian Veterinary Care, ensuring high visibility and foot traffic. The single-tenant lease with Planet Fitness is a Net Lease (NNN) agreement with a remaining term of approximately 4.2 years, extending to January 31, 2029, with two five-year lease options. The current annual Net Operating Income (NOI) is $301,348, resulting in a 6.25% capitalization rate. The asking price for this stabilized investment is $4,825,000. This property offers a compelling combination of a strong tenant, prime location, and significant upside potential, making it an attractive addition to any investment portfolio. The building features modern construction and is well-maintained. Adjacent land presents opportunities for future development, further enhancing the property's long-term value. This is a rare opportunity to acquire a high-performing retail asset in a thriving Oregon market.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sherwood
- County
- Washington
- State
- Oregon
- Longitude
- -122.852
- Latitude
- 45.3657
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$50,913
$0.00
$0.00
$2,579,440
-
$1,147,630
$3,003,750
$4,151,380
