Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6864 NE FIR St Hillsboro, OR 97124

    View on Map
    Claim this Listing
    For Sale
    $995,000

    LAND - Hillsboro, OR

    Type:Single Family Residence
    Lot size:
    2.30 Acres
    Added:
    Mar 5, 2026
    Days on Market:
    50
    Last Refresh:
    Apr 24 at 4:06 am

    Property Features for 6864 NE FIR St

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    SCR-OTC
    Standard status
    Active
    APN
    R726664
    Lot size
    2.30 Acres

    Taxes and HOA fees

    Tax Description
    ACRES 2.30
    Tax Annual Amount
    3068

    We can help!

    Listing Contact
    Darcie VanderZanden
    Darcie VanderZanden

    Listing agent Darcie VanderZanden

    Listing office Keller Williams Sunset Corridor 1915 NE Stucki Avenue, Suite 250, Hillsboro, OR

    Listing date Mar 5, 2026

    MLS# 791577805 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Land in Old Orenco

    This 2.3-acre parcel represents a rare development opportunity in Old Orenco. As one of the last remaining development sites in this sought-after neighborhood, it offers exceptional potential for builders, investors, or developers. The property's zoning, SCR-OTC, allows for multiple housing types, though buyers should verify specific options. Its location provides convenient access to parks, shops, restaurants, and light rail, blending the charm of Old Orenco with modern convenience. This property is located in Hillsboro, Washington County, Oregon. Buyers are advised to perform their own due diligence regarding development options, zoning, utilities, and approvals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -122.9102304
    Latitude
    45.5238974

    Nearby Similar for Sale

    • $540,000
      1,530 SF

      Hillsboro Duplex with Large Yards

      One-level duplex in Hillsboro with large yards and RV parking.
      662/664 NW CONNELL Ave, Hillsboro, OR 97124
      View Details
    • $825,000
      2,798 SF

      Hillsboro Home with Accessibility Features

      Updated home in Hillsboro ideal for multi-generational living.
      2706 Spruce St, Hillsboro, OR 97123
      View Details
    • $1,049,999
      2,652 SF

      Hillsboro Triplex Investment Opportunity

      Updated triplex near Pacific University, ideal for investors or owner-occupants.
      121 SE 8TH Ave, Hillsboro, OR 97123
      View Details
    • $989,900

      Helvetia Land Opportunity in Hillsboro

      Almost 40 acres of land with marketable timber.
      13707 NW BISHOP Rd, Hillsboro, OR 97124
      View Details
    • $850,000

      Commercial Lot in High-Exposure Location

      Build-ready commercial lot in desirable, high-traffic Hillsboro location.
      SE 70th Ave, Hillsboro, OR 97123
      View Details
    • $450,000

      Residential Acreage in Hillsboro, Oregon

      Vacant 4.49-acre residential land near Orenco area.
      24995 W BASELINE Rd, Hillsboro, OR 97123
      View Details
    • $1,200,000

      Orenco Land with Development Potential

      1.7 acres buildable land in historic Orenco, development opportunity.
      6955 E Main St, Hillsboro, OR 97123
      View Details
    • $755,000
      3,710 SF

      Hillsboro Commercial Property with Upside

      3,710 SF commercial property in Downtown Hillsboro.
      155 SE 2nd Ave, Hillsboro, OR 97123
      View Details
    • $600,000

      Downtown Hillsboro Single-Tenant Retail Building

      Fully leased commercial building in Downtown Hillsboro with stable income.
      159 SE 2nd Ave, Hillsboro, OR 97123
      View Details
    • $225,000

      Private Lot in Hillsboro, Oregon

      Secluded lot near Intel, fairgrounds, and schools.
      335 NE HILLWOOD Dr, Hillsboro, OR 97124
      View Details
    • $284,500

      Hillsboro Land Ready for Building

      Buildable lot in Hillsboro with access to city services.
      1722 NE JACKSON SCHOOL Rd, Hillsboro, OR 97124
      View Details
    • $279,900

      Hillsboro Land Ready to Build

      Two lots with approved plans and permits for townhomes.
      429 NW FREEMAN Ave, Hillsboro, OR 97124
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.3-acre development site in a sought-after neighborhood.
    Where is this residential land & home lot located?
    The property is located at 6864 NE FIR St Hillsboro, OR.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: Rare 2.3‑acre development site in Old Orenco.; Potential for multiple housing types (buyer to verify).; Ideal location near parks, shops, restaurants, and light rail.
    (503) 504-2720
    We can help!
    Listing Contact
    Darcie VanderZanden
    Darcie VanderZanden
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!