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Property profile & analytics
OFF-MARKET
Estimated value
$19,965,000
Office Spaces
12725 Millikan Way Beaverton, OR 97005-1678
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US71-0086391
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2002
Total area
108,730 SF
Lot
0.67 ac (29,185 SF)
Zoning code
RC-TO
APN
1S116AA-08700
UPID
US71-0086391
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
-
Henry G Becker PC Accounting Firm
-
Centizen, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Scaleout Software, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Data Driven Design, Inc. Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Optware Solutions LLC (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.96M
Blend (final)
Blend
$19.97M
Owner & transaction history
City Of Beaverton · 14 yrs held
City Of Beaverton
since 2012
5 recorded transactions
Zoning & alternative use
RC-TO · Beaverton, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$32.9M
+21.3%
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 Beaverton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Beaverton 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
COMMERCIAL (GENERAL)
$27,135,000
Current use
RESTAURANT
$32,915,000
Change: +21% · Conversion: Difficult
RETAIL STORES
$25,955,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$24,240,000
Change: -11% · Conversion: Moderate
Blend value · Realmo final
$19.97M
Range $17.97M – $21.96M · ±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
$184 / 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
$18,920
Tax year 2023
Assessed value
$895,270
Assessed 2023
Previous assessed
$869,200
+3.0% YoY
Effective rate
2.11%
On assessed value
Land market value
$868,080
Improvement market value
$18,332,190
Total market value
$19,200,270
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2002
Heating
NONE
Total area
108,730 SF
Lot
0.67 ac (29,185 SF)
Zoning code
RC-TO
APN
1S116AA-08700
UPID
US71-0086391
Jurisdiction
WASHINGTON
Zoning & alternative use
RC-TO · Beaverton, OR
Zoning RC-TO · permitted uses
RC-TO · Beaverton, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Beaverton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$27.1M
RESTAURANT
Est. value
$32.9M
RETAIL STORES
Est. value
$26.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$24.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
2002
Heating
NONE
Lot
0.67 ac
Current owner
From public records · entity-resolved
City Of Beaverton
Entity
Mailing address
PO BOX 4755, BEAVERTON, OR 97076-4755
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2012
$8,650,000
City Of Beaverton
Jpmcc 2006-cibc14 Millikan Way
Grant Deed
—
Sep 26, 2011
$14,650,000
2006-cibc14 Millikan Way Jpmcc
Masters,r Gibson
Trustees Deed
related
—
Sep 26, 2005
$18,511,668
Beach Metro-oregon LLC
Dpp Beaverton Coml Invs LLC
Warranty Deed
$14,000,000 · Fortress Credit Corp
Jun 6, 2005
$40,000
Dpp Beaverton Coml Investment
Ldp Beaverton LLC
Warranty Deed
—
—
—
Beach Metro-oregon LLC
—
Deed Of Trust
related
$14,500,000 · Cibc INC
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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