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Property profile & analytics
OFF-MARKET
Estimated value
$11,880,000
Office Spaces
16100 Cornell Rd Beaverton, OR 97006-7334
Entity Owned
30-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0905215
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1996
Total area
47,114 SF
Lot
2.43 ac (105,851 SF)
Zoning code
CS
APN
1N132BC-05200
UPID
US71-0905215
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
-
Ankit Palan, Financial Advisor LPL Financial Financial Advisor
-
Mike Houghton Loan Service Bank
-
Sarah Murray - Realtor Real Estate Agency
-
Charlie Faust - Guild Mortgage Company Loan Service Bank
-
Mortgage Company Consultant Mortgage Lender
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.88M
Blend (final)
Blend
$11.88M
Owner & transaction history
Development Hemstreet · 30 yrs held
Development Hemstreet
since 1995
2 recorded transactions
Zoning & alternative use
CS · Beaverton, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$15.0M
+16.6%
Restaurant
$14.3M
+10.7%
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)
$12,885,000
Current use
MEDICAL BUILDING
$15,020,000
Change: +17% · Conversion: Easy
RESTAURANT
$14,260,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$11,245,000
Change: -13% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$10,505,000
Change: -18% · Conversion: Moderate
Blend value · Realmo final
$11.88M
Range $10.69M – $13.07M · ±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
$252 / 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
$111,679
Tax year 2023
Assessed value
$5,284,630
Assessed 2023
Previous assessed
$5,130,710
+3.0% YoY
Effective rate
2.11%
On assessed value
Land market value
$2,601,790
Improvement market value
$4,342,810
Total market value
$6,944,600
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
1996
Heating
NONE
Total area
47,114 SF
Lot
2.43 ac (105,851 SF)
Zoning code
CS
APN
1N132BC-05200
UPID
US71-0905215
Jurisdiction
WASHINGTON
Zoning & alternative use
CS · Beaverton, OR
Zoning CS · permitted uses
CS · 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
$12.9M
MEDICAL BUILDING
Est. value
$15.0M
RESTAURANT
Est. value
$14.3M
RETAIL STORES
Est. value
$11.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.5M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
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
1996
Heating
NONE
Lot
2.43 ac
Current owner
From public records · entity-resolved
Development Hemstreet
Entity
Free & Clear · 30 yrs held
Mailing address
7440 E PINNACLE PEAK RD STE #142, SCOTTSDALE, AZ 85255-3638
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1995
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 1995
$560,000
Development Hemstreet
New England Mutual Life Insura
Grant Deed
—
—
—
One Willow Creek LLC
—
Deed Of Trust
related
$2,900,000 · West Coast Mortgage 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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