Add Listing
    For Lease
    • 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

    5880 NE Cornell Rd, Unit D Hillsboro, OR 97124

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $27 SF/Yr

    Highly visible medical office space with ample parking and signage.

    Property size:
    12,045 SF
    Lot size:
    12,045 SF

    Property Features for 5880 NE Cornell Rd

    General Information

    Size
    12,045 SF

    Building Details

    Year built
    2000

    We can help!

    Listing Contact
    Jeff Falconer, Sior
    Source: Corfac

    Listing Agent: Jeff Falconer, Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical Office Space Available

    This is a highly desirable second-generation medical office space. Equipment is potentially available. The property benefits from premier visibility, signage, and access to Cornell Road, with approximately 27,900 vehicles per day. Ample, free parking is available for clients. The property is under responsive local ownership and management, with extreme pride of ownership. The property size is 12,045 square feet and is located in Hillsboro, OR 97124.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

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

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

    Similar Places Nearby

    Frontier Veterinary Hospital, Dr. Lisa Yung, Frontier Veterinary Hospital: Palmer Jill DVM, Frontier Veterinary Hospital: Hardesty Liz DVM, Frontie Vetinary Hopsital

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -122.921441
    Latitude
    45.5333715

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      AmberGlen

      Discover many ways to work your way in AmberGlen
      1915 Stucki Ave, Hillsboro, OR 97006
      View Details
    • $4,200 /Mo

      Hillsboro Warehouse with Retail Options

      Downtown Hillsboro warehouse/industrial space with retail potential. Gated, fenced.
      197 SW Dennis Ave, Hillsboro, OR 97123
      View Details
    • $36 SF/Yr

      Retail/Service/Restaurant Space in Hillsboro

      Retail, service, and restaurant spaces available in master-planned community.
      3405 SE Reed Dr, Hillsboro, OR 97123
      View Details
    • $1,600 /Mo

      Orenco Station Retail/Office Spaces

      Retail and office spaces available in mixed-use neighborhood.
      1030 NE Orenco Station Pkwy, Hillsboro, OR 97124
      View Details
    • $26 SF/Yr

      Retail Spaces at Orenco Station

      Second-generation retail and service spaces available in Hillsboro's mixed-use neighborhood.
      6523 Northeast Cherry Dr, Hillsboro, OR 97124
      View Details
    • Contact for pricing

      Hillsboro Flex/Industrial Business Park

      Flex/industrial buildings in landscaped business park, convenient location.
      2240-2460 NE Griffin Oaks St, Hillsboro, OR 97124
      View Details
    • Contact for pricing

      Reed's Crossing Town Center Retail

      Retail, restaurant, fitness, and service spaces in Hillsboro, Oregon.
      3515 Southeast Cornelius Pass Rd, Hillsboro, OR 97123
      View Details
    • Contact for pricing

      Hillsboro Retail/Restaurant Space Available

      Second generation retail and restaurant space in high-traffic shopping center.
      10050 NE Emma Way, Hillsboro, OR 97124
      View Details
    • Contact for pricing

      Office Condo Near Highway 26

      Professional office unit in high-demand location near Highway 26.
      3623 NE John Olsen Ave, Hillsboro, OR 97124
      View Details
    • Contact for pricing

      Orenco Station Retail/Office Space

      Second generation retail and office spaces available in Hillsboro, Oregon.
      NE Cherry Dr, Hillsboro, OR 97124
      View Details
    • Contact for pricing

      Functional Office Space on TV Hwy

      Newly renovated office space with open layout and highway visibility.
      2820 SE 58Th Ct, Hillsboro, OR 97123
      View Details
    • Contact for pricing

      Hillsboro Office Building with Amenities

      Three-story office building with gym and cafeteria in Hillsboro.
      5800 NW Pinefarm Pl, Hillsboro, OR 97124
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Highly visible medical office space with ample parking and signage.
    Where is this medical office space located?
    The property is located at 5880 NE Cornell Rd, Unit D Hillsboro, OR.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: - Premier visibility, signage, and access to Cornell Road with high traffic volume (±27.9k vehicles per day).; - Highly desirable 2nd generation medical space (equipment potentially available).; - Ample, free parking for clients.
    (503) 307-3075
    Request Owner's contact information
    5880 NE Cornell Rd, Unit D Hillsboro, OR 97124
    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.
    5880 NE Cornell Rd, Unit D
    Hillsboro, OR 97124
    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
    5880 NE Cornell Rd, Unit D Hillsboro, OR 97124
    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

    We can help!
    Listing Contact
    Jeff Falconer, Sior
    (503) 307-3075 (503) 542-4346
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!