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Property profile

21065 Pacific Hwy Sherwood, OR 97140

OFF-MARKET
Retail space
Property ID
US71-0900709
14,475 SF 1.76 ac lot Built 2003
Last sale Jan 2004 · $5,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 22-yr Hold Held for 22 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A Walgreens pharmacy retail property located at the junction of SW Edy Road and Pacific Highway (99W) in Sherwood, Oregon. The site is positioned at a primary arterial intersection and is surrounded by neighborhood commercial uses including Kohl’s, McDonald’s, Key Bank, Chevron, and Providence Immediate Care and Medical Plaza. The building operates as a drug store under an NNN lease structure, with a Walgreens guaranty in place, and the lease was structured with an option framework that includes a continuing term extension.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$43k
Tax billed · 2023
Assessed value$2.16M
Effective rate1.97%

Value estimate

· Nov 2026
$3.82M
$3.44M – $4.20M
Submarket $/SF estimate$3.82M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$224/SF
County average, outlier-cleaned · 86 recorded sales of this use type
Observed band · Q1–Q3$131 – $333
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RC
RC General Commercial GC Light Industrial LI General Industrial GI Flood Plain Overlay FP Institutional/Public IP Old Town Overlay OT 16....
General categoryCOMMERCIAL
JurisdictionWASHINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm14.3
Tailor Shop9.9
Storage Facility9.6

Location

21065 Pacific Hwy Sherwood, OR 97140-8062
County assessor Recorded deeds · 5 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
16555 12th St Ste, Sherwood, OR 97140-6016 $3,525,000 Jan 2025 11,588 SF
16017 1st, Sherwood, OR 97140-9126 $460,000 Jun 2023 4,000 SF
14270 Galbreath, Sherwood, OR 97140-9165 $45,000 Apr 2022 11,400 SF
22573 Main, Sherwood, OR 97140-9088 $520,000 Nov 2021 2,006 SF
16775 12th, Sherwood, OR 97140-6021 $4,000,000 Sep 2021 9,428 SF
20510 Roy Rogers Rd, Sherwood, OR 97140-9319 $2,100,000 Nov 2019 9,963 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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