Property profile & analytics
8500 Creekside Pl Beaverton, OR 97008-7101
- Office properties & Spaces
- 64,147 SF
- 4.62 lot acres
OFF-MARKET
Value Estimations
$16,950,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US71-0703502
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
- Digimarc Corporation / (Bike/Boat/Book/etc) Store / Corporate Office
Property Details for 8500 Creekside Pl
- Lot size
- 4.62 lot acres
- Property size
- 64,147 SF
- Zone code
- OI-WS
- Property type
- Office properties & Spaces
- APN
- 1S127AC-00600
- APU
- 1S127AC00600
Description
This exceptional investment opportunity presents a 65,496 square foot, Class B, fully leased office building located at 8500 SW Creekside Pl, Beaverton, OR 97008. The property, built in 1984 and extensively renovated in 2018, boasts a single tenant occupancy with a remaining lease term of six years. The tenant, Fiserv Solutions, LLC (an operating subsidiary of Fiserv, Inc. with a S&P rating of BBB), occupies the entire space, providing a stable and reliable income stream. A sublease to Digimarc Corporation extends occupancy through September 2030. The property features 221 parking spaces (a 3.4/1,000 parking ratio), 13' clear height, one grade-level and two dock-high loading doors, and is situated on a 201,247 square foot lot. Improvements completed in 2018 included updated restrooms, elevator cabs, HVAC, plumbing, lighting, and parking lot. The property's OI-WS zoning allows for flexibility and broad tenant appeal. Its convenient location offers quick access to Highway 217, I-5, and Highway 26, benefiting from Beaverton's strong business environment and proximity to Portland. The building's attractive basis offers investors a significant discount to replacement cost, estimated at over $450 per square foot for comparable suburban office space. This is a rare opportunity to acquire a well-maintained, high-occupancy asset with a long-term lease in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $16,950,000
- AI Estimate
- $16,950,000
Market price range: $11.8M - $26.2MMarket price range: $11.8M - $26.2M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $17,545,000 Current use
- MEDICAL BUILDING
- $20,455,000 Change: +17% Conversion: Easy
- RESTAURANT
- $19,420,000 Change: +11% Conversion: Difficult
- RETAIL STORES
- $15,315,000 Change: -13% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $14,300,000 Change: -18% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Beaverton
- County
- Washington
- State
- Oregon
- Longitude
- -122.792
- Latitude
- 45.4578
- 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
$159,326
$0.00
$0.00
$7,539,270
-
$2,246,520
$9,957,830
$12,204,350
