Office

4000 Building I

4000 kruse way pl lake oswego, or, 97035, lake oswego, OR 97035

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Very Low Confidence

Low

$22.10/SF

Mid

$26.00/SF

High

$29.90/SF

Tier Used

peer_city_transfer

Transferred from peer market salt-lake-city (similarity: 100%) with 3 comparable listings.

Peer market: salt-lake-city (100% similarity)

Tier Resolution Trace

Tier 1insufficient_data

Tier 2insufficient_data

Tier 3insufficient_data

Tier 4successselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$26.00/SF	—	peer_city_transfer
Utilities	—	10.1¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$1507/wk	BLS QCEW

Source Provenance (1)

Source	Type	Count	Year	Freshness	Peer
Peer City Transfer	economic_similarity	3	—	real-time	salt-lake-city (100%)

Data sources used

peer_city_transfer

Description

Kruse Woods Corporate Park is a 20-building office campus located in Lake Oswego, one of the most attractive and exclusive communities in the Portland area. This distinctive property offers state-of-the-art facilities and amenities, scenic oak groves and natural wetlands lining the south edge of the property, and magnificent views of Tualatin Valley. Lake Oswego is just eight miles southwest of Portland on the banks of the Willamette River. The quaint downtown offers locally owned boutiques, trendy shops and restaurants, and a variety of services that cater to the business community. Kruse Woods Corporate Park’s easy access to Lake Oswego’s executive housing and amenities, along with its location near the confluence of four major roadways, make it the perfect destination for work, play and everything in between.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

4000 kruse way pl lake oswego, or, 97035, lake oswego, OR 97035

Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the Portland office market showed a 27.1% vacancy rate, and average asking rents near $32.00/SF/yr. Source: multiple brokerages Q1 2026 market report.

Projected current pricing

indicative confidence

Projected asking rent

$32.00/SF/yr

Estimated sale value

$136–$230/SF

Modeled estimate (income approach) shown as a range — not an appraisal. No market-specific cap rate is published for Portland office yet, so this applies the typical cap rate across comparable office markets — treat it as a rough, indicative range that sharpens as sourced cap rates arrive. Projected asking rent × occupancy × net-operating-income margin band ÷ a benchmark cap rate, from Q1 2026 asking-rent data (benchmark cap rate 6.6%–8.6%, asking rent held flat).

View the full Portland Office market report →

Above-average vacancy gives buyers leverage and a wide set of comparables.

Compare it against other office listings for sale in Lake Oswego, OR to benchmark pricing and space — view the full market.

Office market FAQ

Is the Portland office market tightening or softening?: Vacancy is around 27.1% (Q1 2026).

Unified Estimate

Very Low Confidence

$26.14/SF-$35.36/SF

Mid: $30.75/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market salt-lake-city (similarity: 100%) with 3 comparable listings.

Sale Price History

Market report quarterly trend fallback

Low Confidence

Avg Rent ($/SF/yr) (market data)
Vacancy %

Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.