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Property profile & analytics
OFF-MARKET
Estimated value
$6,725,000
Warehouses
12111 Herman Rd, Tualatin, OR 97062-8083
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US71-0066793
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
38,390 SF
Lot
5.78 ac (251,777 SF)
Zoning code
MG
APN
2S122C0-00604
UPID
US71-0066793
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
-
Isoprint (Bike/Boat/Book/etc) Store Printing Service
-
Computer Forms Inc (Bike/Boat/Book/etc) Store Printing Service
-
EZ Checks Marketing & Advertising Printing Service
-
Sage CRE Forms Consultant
-
Superior Screen Systems Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.72M
Blend (final)
Blend
$6.73M
Owner & transaction history
Clown Nose Properties LLC · 6 yrs held
Clown Nose Properties LLC
since 2019
6 recorded transactions
Zoning & alternative use
MG · Tualatin, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.6M
+59.0%
Retail stores
$8.6M
+28.3%
Apartment house (5+ units)
$8.5M
+27.5%
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 Tualatin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tualatin 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
WAREHOUSE, STORAGE
$6,690,000
Current use
COMMERCIAL (GENERAL)
$10,640,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$8,590,000
Change: +28% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$8,530,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,235,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$6.73M
Range $6.05M – $7.40M · ±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
$175 / 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
$55,793
Tax year 2023
Assessed value
$2,854,020
Assessed 2023
Previous assessed
$2,770,900
+3.0% YoY
Effective rate
1.95%
On assessed value
Land market value
$2,054,630
Improvement market value
$3,369,600
Total market value
$5,424,230
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Total area
38,390 SF
Lot
5.78 ac (251,777 SF)
Zoning code
MG
APN
2S122C0-00604
UPID
US71-0066793
Jurisdiction
WASHINGTON
Zoning & alternative use
MG · Tualatin, OR
Zoning MG · permitted uses
MG · Tualatin, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tualatin. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$10.6M
RETAIL STORES
Est. value
$8.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.5M
AUTO REPAIR, GARAGE
Est. value
$6.2M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
Heating
NONE
Lot
5.78 ac
Current owner
From public records · entity-resolved
Clown Nose Properties LLC
Entity
Mailing address
PO BOX 1695, TUALATIN, OR 97062-1695
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2020
—
Clown Nose Properties LLC
—
Deed
related
$3,701,500 · Bank Of The West
Oct 9, 2019
—
Clown Nose Properties LLC
Clown Nose Properties LLC
Quit Claim Deed
related
$1,350,000 · Bank Of The West
May 6, 2004
$2,575,000
Clown Nose Properties LLC
Herman Properties LLC
Grant Deed
$1,287,500 · Wells Fargo Bank
—
—
Clown Nose Properties LLC
—
Deed Of Trust
related
$1,830,000 · Umpqua Bank
—
—
Clown Nose Properties LLC
—
Deed Of Trust
related
$1,720,000 · Us Bank Trust Co
—
—
Clown Nose Properties LLC
—
Deed Of Trust
related
$797,000 · Greater Eastern Oregon Dev
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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