Flex Building With Grade
New
For Sale
$1,400,000
1475 SE Tualatin Valley Hwy, Hillsboro, OR 97123
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 Market5
Property Features for 1475 SE Tualatin Valley Hwy
General Information
Standard status
Active
Size
3,800 SF
Lot size
0.80 Acres
Property subtype
Retail
Zoning
C-G
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
12.25 ft
Drive-In Doors
3
Building Details
Building Size
3,800 SF
Year Built
1976
Buildings
1
Listing Agency:
Macadam Forbes
Listed By:
Joe Kappler · License #OR #200605069
(503) 972-7294
Source:
Macadamforbes
Added: Sep 18
Last Checked: Sep 22 at 2:24PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,785
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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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
