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    Property profile & analytics

    15985 Schendel Ave Beaverton, OR 97006-6489

    • Office properties & Spaces
    • 14,212 SF
    • 0.76 lot acres
    OFF-MARKET
    Value Estimations
    $4,450,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0097788
    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

    • Allegro MicroSystems LLC (formerly Voxtel Inc) / Industrial Manufacturer / Production Facility
    • Alex J. Ricketts, PHD / Physician / Medical Clinic
    • Annie Grummel LLC / Psychotherapist

    Property Details for 15985 Schendel Ave

    Lot size
    0.76 lot acres
    Property size
    14,212 SF
    Zone code
    CS
    Property type
    Office properties & Spaces
    APN
    1N132CC-05300
    APU
    1N132CC05300

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,452,000
      Market price range: $2.61M - $5.81M
      AI Estimate
      $4,452,000
      Market price range: $2.61M - $5.81M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,885,000
      Current use
      MEDICAL BUILDING
      $4,530,000
      Change: +17% Conversion: Easy
      RESTAURANT
      $4,300,000
      Change: +11% Conversion: Difficult
      RETAIL STORES
      $3,395,000
      Change: -13% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,170,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Beaverton
    County
    Washington
    State
    Oregon
    Longitude
    -122.841
    Latitude
    45.5202
    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
    $41,851
    $0.00
    $0.00
    $1,980,390
    -
    $694,560
    $1,859,330
    $2,553,890

    Comparable in this City

    • Value Estimation by Request
      13.47 Acres

      15272 Greenbrier Pkwy

      OFFICE (GENERAL) • 13.47 Acres
      15272 Greenbrier Pkwy, Beaverton, OR 97006-5764
      View Details
    • Value Estimation
      $5,745,000
      14,044 SF

      1800 169th Pl Ste D400

      OFFICE (GENERAL) • 14,044 SF
      1800 169th Pl Ste D400, Beaverton, OR 97006-8159
      View Details
    • Value Estimation
      $11,880,000
      47,114 SF

      16100 Cornell Rd

      OFFICE (GENERAL) • 47,114 SF
      16100 Cornell Rd, Beaverton, OR 97006-7334
      View Details
    • Value Estimation by Request
      4.29 Acres

      9025 Von Neumann Dr Ste, Unit 170

      OFFICE (GENERAL) • 4.29 Acres
      9025 Von Neumann Dr Ste, Hillsboro, OR 97006-7020
      View Details
    • Value Estimation by Request
      4.68 Acres

      9225 Turing Ct, Unit 170

      OFFICE (GENERAL) • 4.68 Acres
      9225 Turing Ct, Hillsboro, OR 97006-7023
      View Details
    • Value Estimation by Request
      1.83 Acres

      1895 169th Pl

      OFFICE (GENERAL) • 1.83 Acres
      1895 169th Pl, Beaverton, OR 97006-4849
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      38,081 SF

      Beaverton Office Building For Lease

      Well-maintained office building with existing improvements suitable for single user.
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      Beaverton Office Building For Sale

      43,617 SF office building in Beaverton, Oregon.
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      Move-in Ready Condo in Beaverton

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      32,766 SF

      Beaverton Retail Property for Sale

      Retail property available in Beaverton, Oregon, with 32,766 square feet.
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      Beaverton Industrial Space Available

      Industrial space in Beaverton, Oregon, with access to transportation routes.
      21615 Southwest Tualatin Valley Hwy, Beaverton, OR 97006
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    Similar Nearby for Lease

    • $26 SF/Yr

      Office Space with Free Parking

      Office space in Beaverton with ample free on-site parking.
      1905 NW 169Th Pl, Beaverton, OR 97006
      View Details
    • $21 SF/Yr
      9,500 SF

      Beaverton Office Space For Rent

      Office space in the heart of Beaverton with great visibility.
      2155 NW 173Rd Ave, Beaverton, OR 97006
      View Details
    • Contact for pricing

      Office/Warehouse Space for Rent

      Office and warehouse space available for lease.
      16500 NW Bethany Ct, Beaverton, OR 97006
      View Details
    • Contact for pricing

      Class A Office Space

      Modern office space in a prime location near Highway 26.
      1500 NW Bethany Blvd, Hillsboro, OR 97006
      View Details
    • $18 SF/Yr
      30,000 SF

      Available Office Space for Sublease

      Sublease office space with high ceilings, available now.
      8860 NE Von Neumann Dr, Beaverton, OR 97006
      View Details
    • Contact for pricing

      Hillsboro Flex Space Available

      Functional storage, warehouse, and office spaces with flexible leases.
      21785 SW Tualatin Valley Hwy, Hillsboro, OR 97006
      View Details
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    15985 Schendel Ave
    Beaverton, OR 97006-6489
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    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
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