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Property profile & analytics
FOR LEASE
Warehouses
12220 SW Cimino St, Tualatin, OR 97062
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0648167
For Lease
1 / 2
$27,905,000
12220 SW Cimino St, Tualatin, OR 97062
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2018
Construction
WOOD FRAME
Total area
157,230 SF
Lot
8.75 ac (381,150 SF)
Zoning code
MG
APN
2S127BC-00200
UPID
US71-0648167
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$27.91M
Blend (final)
Blend
$27.91M
Owner & transaction history
Ipt Tualatin Dc LLC · 8 yrs held
Ipt Tualatin Dc LLC
since 2018
7 recorded transactions
Zoning & alternative use
MG · Tualatin, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$43.6M
+59.0%
Retail stores
$35.2M
+28.3%
Apartment house (5+ units)
$34.9M
+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
$27,410,000
Current use
COMMERCIAL (GENERAL)
$43,575,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$35,175,000
Change: +28% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$34,935,000
Change: +27% · Conversion: Difficult
AUTO REPAIR, GARAGE
$25,535,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$27.91M
Range $25.11M – $30.70M · ±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
$177 / 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
$231,528
Tax year 2023
Assessed value
$11,843,540
Assessed 2023
Previous assessed
$11,498,590
+3.0% YoY
Effective rate
1.95%
On assessed value
Land market value
$4,383,230
Improvement market value
$18,245,430
Total market value
$22,628,660
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
For Lease
Year built
2018
Construction
WOOD FRAME
Heating
FORCED AIR
Bathrooms
1
Total area
157,230 SF
Lot
8.75 ac (381,150 SF)
Zoning code
MG
APN
2S127BC-00200
UPID
US71-0648167
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
$27.4M
COMMERCIAL (GENERAL)
Est. value
$43.6M
RETAIL STORES
Est. value
$35.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$34.9M
AUTO REPAIR, GARAGE
Est. value
$25.5M
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
Year built
2018
Construction
WOOD FRAME
Heating
FORCED AIR
Bathrooms
1
Lot
8.75 ac
Current owner
From public records · entity-resolved
Ipt Tualatin Dc LLC
Entity
Mailing address
2151 MICHELSON DR STE #282, IRVINE, CA 92612-1374
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2019
—
Ipt Tualatin Dc LLC
—
Loan Modification
related
$300,000,000 · Regions Bk
Feb 22, 2019
—
Ipt Tualatin Dc LLC
—
Grant Deed
related
$300,000,000 · Regions Bk
Feb 5, 2018
$1,850,000
Ipt Tualatin Dc LLC
Itel,kenneth E
Grant Deed
—
Jun 16, 2017
—
Kenneth E Itel
—
Trustees Deed
related
$150,000 · Fletcher Family Trust (pt)
Jul 22, 2015
—
Kenneth E Itel
Itel Earl J Trust
Quit Claim Deed
related
—
Feb 3, 2012
—
Itel Loris Trust I
Itel Loris Trust
Quit Claim Deed
related
—
Sep 20, 2011
—
Itel Loris Trust I
Itel Loris Living Trust
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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