Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12520 Hart Rd Beaverton, OR 97008-5783

    • Assisted living facilities
    • 40,465 SF
    • 1.24 lot acres
    OFF-MARKET
    Value Estimations
    $7,930,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0664022
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hearthstone of Beaverton / Nursing Home / Retirement Community

    Property Details for 12520 Hart Rd

    Year built
    1997
    Lot size
    1.24 lot acres
    Property size
    40,465 SF
    Zone code
    R7
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    1S121DD-01401
    APU
    1S121DD01401

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,927,000
      Market price range: $6.15M - $10.7M
      AI Estimate
      $7,927,000
      Market price range: $6.15M - $10.7M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $8,095,000
      Current use
      MEDICAL BUILDING
      $12,900,000
      Change: +59% Conversion: Difficult
      RESTAURANT
      $12,250,000
      Change: +51% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $11,065,000
      Change: +37% Conversion: Difficult
      RETAIL STORES
      $9,660,000
      Change: +19% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $9,020,000
      Change: +11% Conversion: Difficult
      WAREHOUSE, STORAGE
      $7,230,000
      Change: -11% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Beaverton
    County
    Washington
    State
    Oregon
    Longitude
    -122.806
    Latitude
    45.466
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $97,981
    $0.00
    $0.00
    $4,636,440
    -
    $1,567,500
    $4,957,690
    $6,525,190

    Comparable in this City

    • Value Estimation
      $9,645,000
      49,628 SF

      7733 Scholls Fry Rd

      HOMES (RETIRED, NURSING) • 49,628 SF
      7733 Scholls Fry Rd, Beaverton, OR 97008-6596
      View Details
    • Value Estimation
      $505,000
      2,206 SF

      8925 Davies Rd

      HOMES (RETIRED, NURSING) • 2,206 SF
      8925 Davies Rd, Beaverton, OR 97008-6820
      View Details
    • Value Estimation
      $555,000
      2,304 SF

      7980 Grn Ln

      HOMES (RETIRED, NURSING) • 2,304 SF
      7980 Grn Ln, Beaverton, OR 97008
      View Details
    • Value Estimation
      $530,000
      2,076 SF

      11835 Tuckerwood Ct

      HOMES (RETIRED, NURSING) • 2,076 SF
      11835 Tuckerwood Ct, Beaverton, OR 97008-7325
      View Details
    • Value Estimation
      $650,000
      3,426 SF

      11520 Bel Aire Ln

      HOMES (RETIRED, NURSING) • 3,426 SF
      11520 Bel Aire Ln, Beaverton, OR 97008-5910
      View Details
    • Value Estimation
      $660,000
      3,698 SF

      11450 Bel Aire Ln

      HOMES (RETIRED, NURSING) • 3,698 SF
      11450 Bel Aire Ln, Beaverton, OR 97008-5912
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,748 SF

      Beaverton Office Building For Sale

      Office building with water views and large outdoor deck.
      9405 SW Gemini Dr, Beaverton, OR 97008
      View Details
    • Contact for pricing

      Beaverton Flex/Office Building For Sale

      Well-located 4,200 SF flex/office building with excellent freeway access.
      6175 SW 112Th Ave, Beaverton, OR 97008
      View Details
    • New
      $750,000
      1.07 Acres

      Acre Land in Highland Neighborhood

      Over 1 acre of land in Beaverton's Highland Neighborhood.
      7830 SW Murray Blvd, Beaverton, OR 97008
      View Details
    • New
      $580,000
      0.47 Acres

      Ready-to-Build Multifamily Lot

      Exceptional Central Beaverton location, ready for development.
      6780 SW Hall Blvd, Beaverton, OR 97008
      View Details
    • $899,000
      3,508 SF

      Beaverton Fourplex in Greenway Neighborhood

      Four-unit multifamily property with long-term tenants and income potential.
      9750 SW Lookout Ter, Beaverton, OR 97008
      View Details
    • $285,000

      Beaverton Townhome with Creek Views

      Two-story townhome in Vose neighborhood with updated interior and balcony.
      11220 SW Bel Aire Ln, Beaverton, OR 97008
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,798 SF

      Pacific Place Center Medical Office

      Prime Medical Office Suites Available Now
      9975 Nimbus Ave, Beaverton, OR 97008
      View Details
    • Contact for pricing
      485 SF

      Beaverton Office Space for Rent

      Office space with abundant parking near Washington Square and Highway 217.
      8196 SW Hall Blvd, Beaverton, OR 97008
      View Details
    • Contact for pricing
      5,039 SF

      Beaverton Flex Office Park Space

      Flex office park space for rent in Beaverton, Oregon.
      9750-9792 SW Nimbus Ave, Beaverton, OR 97008
      View Details
    • Contact for pricing
      28,073 SF

      Beaverton Office Space For Rent

      Office space for rent in Nimbus Corporate Park, Beaverton.
      9605 SW Nimbus Ave, Beaverton, OR 97008
      View Details
    • Contact for pricing
      2,252 SF

      Office Space in Creekside Park

      Office space for rent in Beaverton's Creekside Corporate Park.
      8305 SW Creekside Pl, Beaverton, OR 97008
      View Details
    • $15 SF/Yr
      3,314 SF

      Corner Office Space Available

      Single-level office space with ample parking and updated buildout.
      8770 Southwest Nimbus Ave, Beaverton, OR 97008
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12520 Hart Rd
    Beaverton, OR 97008-5783
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!