Property profile

21320 Langer Farms Pkwy Sherwood, OR 97140

OFF-MARKET
Retail space
Property ID
US71-1472554
139,356 SF 13.99 ac lot Built 2014
Entity Owned Free & Clear
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Property summary

AI-generated overview

Two contiguous commercial land parcels are offered for leasing. Parcel one consists of 11.93 acres and is located directly behind a Walmart property. Parcel two consists of 2.5 acres and is positioned across the street at the corner of Century Drive and Tualatin Sherwood Road.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2014
Total area 139,356 SF
Lot 13.99 ac (609,404 SF)
Zoning code LI_PUD
APN 2S129DB-00200
UPID US71-1472554

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

21320 Langer Farms Pkwy Sherwood, OR 97140-9105
Sherwood metro Census 32112 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$37.86M
Blend (final) Blend
$37.87M

Owner & transaction history

Zoning & alternative use

LI_PUD · Sherwood, OR
Top alternative use upside
Medical building $44.4M +42.5%
Restaurant $42.2M +35.3%
Commercial (general) $38.6M +23.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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