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Property profile & analytics
OFF-MARKET
Estimated value
$12,380,000
Office Spaces
7210 Evergreen Pkwy Hillsboro, OR 97124-5827
Entity Owned
3-yr Hold
Free & Clear
Property ID
US71-0770138
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2002
Total area
61,309 SF
Lot
4.54 ac (197,762 SF)
Zoning code
I-P
APN
1N226B0-01300
UPID
US71-0770138
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.84M
Comparable Approach
Comparable
$14.47M
Blend (final)
Blend
$12.38M
Owner & transaction history
Planar Systems INC · 3 yrs held
Planar Systems INC
since 2022
Last sale
$11.0M
4 recorded transactions
Zoning & alternative use
I-P · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$19.6M
+0.3%
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 Hillsboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hillsboro 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
$8,515,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$16,070,000
6.5%
$14,835,000
7%
$13,775,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$19,485,000
Current use
MEDICAL BUILDING
$19,550,000
Change: +0% · Conversion: Easy
RESTAURANT
$18,560,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$12.38M
Range $11.14M – $13.62M · ±10% · vs last sale $11.00M (Sep 28 2022)
Last sale anchor
$11.00M
Sep 28 2022
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
$202 / 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
$96,156
Tax year 2023
Assessed value
$5,707,420
Assessed 2023
Previous assessed
$5,541,190
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$2,538,760
Improvement market value
$9,337,730
Total market value
$11,876,490
Applied tax rate
1.0000
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
61,309 SF
Lot
4.54 ac (197,762 SF)
Zoning code
I-P
APN
1N226B0-01300
UPID
US71-0770138
Jurisdiction
WASHINGTON
Zoning & alternative use
I-P · Hillsboro, OR
Zoning I-P · permitted uses
I-P · Hillsboro, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hillsboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$19.5M
MEDICAL BUILDING
Est. value
$19.6M
RESTAURANT
Est. value
$18.6M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
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
4.54 ac
Current owner
From public records · entity-resolved
Planar Systems INC
Entity
Free & Clear · 3 yrs held
Mailing address
PO BOX 571, MARYLHURST, OR 97036-0571
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2022
—
Planar Systems INC
Allen Properties LLC
Lease
—
Sep 28, 2022
$11,000,000
Allen Properties LLC
St Paul Fire And Marine Insurance C
Special Warranty Deed
$5,500,000 · Wells Fargo Bank NA
Sep 10, 2007
$9,460,000
St Paul Fire & Marine Ins Co
S/i Techpointe Commons LLC
Grant Deed
—
Aug 29, 2001
—
Hillsboro Evergren LLC
—
Grant Deed
related
$10,806,000 · Us Bank NA
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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