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Property profile & analytics
FOR LEASE
Office Spaces
20055 SW Pacific Hwy, Sherwood, OR 97140
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-0870887
For Lease
1 / 35
$24 SF/Yr
20055 SW Pacific Hwy, Sherwood, OR 97140
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Property summary
AI-generated overview
This exceptional two-story, Class B office building, totaling 18,351 square feet, presents a compelling investment opportunity in Sherwood, Oregon. Built in 2000 and extensively renovated in 2023, the property boasts a prime location on SW Pacific Highway, directly across from a Home Depot, ensuring high visibility and convenient access. The building comprises three suites, with 3,109 square feet currently vacant, offering immediate potential for lease income. Suite sizes range from 487 to 1,210 square feet, catering to a variety of business needs. The 1.54-acre lot provides ample parking for tenants and visitors. Recent upgrades include significant improvements to the common areas and building infrastructure. All utilities are included, along with internet access, making this a highly attractive offering for prospective tenants. The property also features a prominent monument sign with available signage space for increased brand visibility. The building includes an elevator for convenient access to both floors. The property's APN is R124996218. This is a turn-key opportunity to acquire a well-maintained, updated office building in a thriving location. The combination of modern amenities, convenient location, and ample parking makes this property an ideal investment for both owner-occupiers and investors seeking strong rental income.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2000
Total area
18,351 SF
Lot
1.54 ac (67,082 SF)
Zoning code
LI
APN
2S129B0-00103
UPID
US71-0870887
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
-
Sherwood Chiropractic & Rehab. Center PC , Timothy Hubbard, DC Alternative Medicine Practice
-
Farmers Insurance - Jason Potter Insurance Agency
-
Horace Mann Insurance Co Insurance Agency
-
Sustainable Logistics Freight Service Logistics Company
-
Lexemy Law Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.03M
Blend (final)
Blend
$4.04M
Owner & transaction history
Steve Everley · 1 yrs held
Steve Everley
since 2024
3 recorded transactions
Zoning & alternative use
LI · Sherwood, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.9M
+15.1%
Restaurant
$5.6M
+9.2%
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
COMMERCIAL (GENERAL)
$5,085,000
Current use
MEDICAL BUILDING
$5,850,000
Change: +15% · Conversion: Easy
RESTAURANT
$5,555,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$4,105,000
Change: -19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,080,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$4.04M
Range $3.63M – $4.44M · ±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
$220 / 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
$34,370
Tax year 2023
Assessed value
$1,816,600
Assessed 2023
Previous assessed
$1,816,600
+0.0% YoY
Effective rate
1.89%
On assessed value
Land market value
$1,128,510
Improvement market value
$959,750
Total market value
$2,088,260
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2000
Heating
NONE
Bathrooms
2
Total area
18,351 SF
Lot
1.54 ac (67,082 SF)
Zoning code
LI
APN
2S129B0-00103
UPID
US71-0870887
Jurisdiction
WASHINGTON
Zoning & alternative use
LI · Sherwood, OR
Zoning LI · permitted uses
LI · 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
COMMERCIAL (GENERAL) Current
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$5.9M
RESTAURANT
Est. value
$5.6M
RETAIL STORES
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2000
Heating
NONE
Bathrooms
2
Lot
1.54 ac
Current owner
From public records · entity-resolved
Steve Everley
Individual
Mailing address
20055 SW PACIFIC HWY STE #209, SHERWOOD, OR 97140-9294
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
—
Steve Everley
Larsen Verity
Bargain And Sale Deed
—
—
—
Speight Larry G & M I Trust
—
Deed Of Trust
related
$985,049 · Key Bank & Trust
—
—
Speight,tr
—
Deed Of Trust
related
$1,500,000 · Key Bank NA
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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