Flex Building With Grade
1475 SE Tualatin Valley Hwy, Hillsboro, OR 97123
For Sale
$1,400,000
Flexible commercial building with warehouse capacity, retail and office areas, and C-G zoning supporting auto-oriented uses.
Property Size3,800 SF
Lot Size0.80 Acres
Price / SF$368.42
Days on Market50
Property Features for 1475 SE Tualatin Valley Hwy
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Warehouse & Industrial
Clear Height
Drive-In Doors
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Macadam Forbes
Listed By:
Joe Kappler · License #OR #200605069
(503) 972-7294
Source:
Macadamforbes
Added: Sep 18
Changed: Nov 4
Last Checked: Nov 6 at 6:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Macadam Forbes
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Investment Insights
Based on property information with market context.
Built in 1976, this 3,800-square-foot flex property combines warehouse functionality with retail and office space. The building includes three grade-level doors, two restrooms, a 12'3" clear height, and a 28'6" bay depth. Approximately 1,400 square feet of covered space extends the usable improvements, and the warehouse has a newer roof.
The property occupies 34,848 square feet at 1475 SE Tualatin Valley Hwy in Hillsboro, Oregon. C-G zoning, identified as Commercial-General by the City of Hillsboro, allows auto-oriented commercial activities along with office, retail, and service uses. The grade-door configuration and covered area provide practical support for a range of commercial operations.
The property occupies 34,848 square feet at 1475 SE Tualatin Valley Hwy in Hillsboro, Oregon. C-G zoning, identified as Commercial-General by the City of Hillsboro, allows auto-oriented commercial activities along with office, retail, and service uses. The grade-door configuration and covered area provide practical support for a range of commercial operations.
Key Highlights
- 3,800 SF flex building on 34,848 SF of land
- Three grade doors ranging from 8" H x 16'6" W to 10'3" H and 16'6" W
- Approximately 1,400 SF of covered space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,785
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,115,700
$1.1M
Cap Rate 7%
$796,929
$796.9K
Cap Rate 9%
$619,833
$619.8K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$83.4K $21.96/SF
− Vacancy
−$3.8K −$0.99/SF
EGI
$79.7K $20.97/SF
− OpEx
−$23.9K −$6.29/SF
NOI
$55.8K $14.68/SF
Area
Hillsboro, OR
Vacancy
4.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,115,700
Cap Rate 7%
$796,929
Cap Rate 9%
$619,833
Alternative Uses
Best Use
Retail
$796.9K
$697.3K – $929.8K
NOI $55,785 @ 7.0% cap · market cap 3.98%
Second Best
Industrial
$560.2K
$490.2K – $653.6K
NOI $39,214 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$1.02M
$892.9K – $1.19M
NOI $71,431 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
12 ft
Clear height
3
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97123, OR
48,369
Population
17,685
Households
2.7
Avg Household Size
37
Median Age
36%
College-Educated
87%
High-School Grad
55.7 sq mi
ZIP Area
868
Density / Sq Mi
$105,999
Median Household Income
$50,578
Median Earnings
$1,814
Median Rent
$489,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Washington County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Vasquez Catering INC — 1823 SE Tualatin Valley Hwy, Hillsboro, OR 97123
Frequently Asked Questions
What type of property is this?
Flex space - Flexible commercial building with warehouse capacity, retail and office areas, and C-G zoning supporting auto-oriented uses.
Where is this flex space located?
The property is located at 1475 SE Tualatin Valley Hwy Hillsboro, OR.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 3,800 SF flex building on 34,848 SF of land; Three grade doors ranging from 8" H x 16'6" W to 10'3" H and 16'6" W; Approximately 1,400 SF of covered space
