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Property profile & analytics
OFF-MARKET
Estimated value
$4,650,000
Medical Office Space
12400 Cornell Rd, Portland, OR 97229-5693
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US71-0434155
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Lot
0.95 ac (41,382 SF)
Zoning code
RC
APN
1N133DA-03102
UPID
US71-0434155
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
-
Providence Medical Group - Cedar Mill Medical Clinic
-
Sunset Medical Practice Group Medical Group Family Practice Physician
-
Dr. Stiles T. Jewett Jr, MD Physician Medical Clinic
-
Raquel A. Bishop, FNP Physician
-
Jessica M. Harper, PA-C Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.65M
Owner & transaction history
Cornell Holdings LLC · 28 yrs held
Cornell Holdings LLC
since 1998
Last sale
$4.7M
7 recorded transactions
Zoning & alternative use
RC · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Portland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Portland 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$47,127
Tax year 2023
Assessed value
$2,612,300
Assessed 2023
Previous assessed
$1,049,240
+149.0% YoY
Effective rate
1.80%
On assessed value
Land market value
$1,026,270
Improvement market value
$3,114,300
Total market value
$4,140,570
Applied tax rate
51.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Heating
NONE
Lot
0.95 ac (41,382 SF)
Zoning code
RC
APN
1N133DA-03102
UPID
US71-0434155
Jurisdiction
WASHINGTON
Zoning & alternative use
RC · Portland, OR
Zoning RC · permitted uses
RC · Portland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Portland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.95 ac
Current owner
From public records · entity-resolved
Cornell Holdings LLC
Entity
Mailing address
12400 NW CORNELL RD STE #100, PORTLAND, OR 97229-5689
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2020
—
Cornell Holdings LLC
—
Deed
related
—
Aug 30, 2016
—
Cornell Holdings LLC
—
Deed
related
—
Jun 26, 1998
$1,383,000
Cornell Holdings LLC
Legacy Health Systems
Grant Deed
related
$1,415,000 · Bank Of Northwest
May 17, 1991
$335,000
Legacy,health System
Unknown
Grant Deed
—
—
—
Cornell Holdings LLC
—
Loan Modification
related
—
—
—
Cornell Holdings LLC
—
Deed Of Trust
related
$160,000 · Bank Of The Northwest
—
—
Cornell Holdings LLC
—
Loan Modification
related
—
—
—
Cornell Holdings LLC
—
Loan Modification
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.
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