Sign Up Successful!
You now have access to more from Realmo!
    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

    17475 NE Oak Grove Ln, Unit Hillsboro Hillsboro, OR 97123

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $649,900

    Land suitable for building a home and growing crops.

    Lot size:
    18.60 Acres

    Property Features for 17475 NE Oak Grove Ln

    General Information

    Standard status
    Active
    Lot size
    18.60 Acres

    We can help!

    Listing Contact
    Chris Gordon
    Source: Corcoran

    Listing Agent: Chris Gordon

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

    Learn more

    Property Insight Report

    Overview

    Land for Dream Home, Farming

    This property offers land suitable for building a dream home. The land also provides ample space for growing crops. Currently, a neighbor leases the majority of the property for farming on a yearly basis. Gordon Properties is advertising the property for the seller.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -123.05634
    Latitude
    45.38778

    Nearby Similar for Sale

    • New
      $589,000
      2,373 SF

      Two Homes, One Spacious Lot

      Two move-in-ready homes on one lot, great value!
      635 SE Walnut St, Hillsboro, OR 97123
      View Details
    • $825,000
      2,798 SF

      Updated Home with Accessibility Features

      Updated 8-bedroom home ideal for multigenerational living or adult foster care.
      2706 SE Spruce St, Hillsboro, OR 97123
      View Details
    • New
      $749,900
      2,508 SF

      Hillsboro Duplex with Large Suites

      Well-maintained duplex featuring spacious master suites and included appliances.
      1740 NE Darby St, Hillsboro, OR 97124
      View Details
    • New
      $1,500,000
      0.44 Acres

      Hillsboro Multifamily Investment Opportunity

      Well-maintained 7-unit apartment complex in the heart of Hillsboro.
      1112 E Main St, Hillsboro, OR 97123
      View Details
    • $999,000
      1.09 Acres

      Hillsboro Mixed-Use Development Opportunity

      Mixed-use development opportunity near Reed's Crossing and Intel headquarters.
      SE Davis Rd, Hillsboro, OR 97123
      View Details
    • $399,000

      Spacious Townhouse with Abundant Amenities

      Townhouse featuring two primary bedrooms, den, loft, and modern amenities.
      7906 NE Miriam Way, Hillsboro, OR 97006
      View Details
    • Contact for pricing

      Hillsboro Industrial Facility with Expansion Potential

      150,000 SF leased industrial facility with expansion and storage.
      5537 NW Five Oaks Dr, Hillsboro, OR 97124
      View Details
    • $3,500,000
      14,097 SF

      Hillsboro Retail Investment Opportunity

      14,097 SF building in thriving Hillsboro area.
      175 SE Baseline St, Hillsboro, OR 97123
      View Details
    • Contact for pricing

      Hillsboro Office Space Opportunity

      Clean, ready-to-use office space in a rapidly growing area.
      5295 NE Elam Young Pkwy, Hillsboro, OR 97124
      View Details
    • Contact for pricing
      10,134 SF

      Hillsboro Medical Office Plaza

      Medical office building near OHSU Hillsboro Medical Center.
      862 SE Oak St, Hillsboro, OR 97123
      View Details
    • $1,950,000

      Historic Vineyard Land with Cascade Views

      77-acre property with vineyard potential and Cascade Mountain views.
      16935 SW Holly Hill Rd, Hillsboro, OR 97123
      View Details
    • $349,000

      Move-In Ready Townhome-Style Condo

      Well-maintained condo with two bedroom ensuites, garage, and updated features.
      10757 NE Red Wing Way, Hillsboro, OR 97006
      View Details

    FAQs

    What type of property is this?
    Agricultural land - Land suitable for building a home and growing crops.
    Where is this agricultural land located?
    The property is located at 17475 NE Oak Grove Ln, Unit Hillsboro Hillsboro, OR.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: - Beautiful land suitable for building a dream home.; - Ample space for growing crops.; - Neighbor currently leases the property for farming on a yearly basis.
    (503) 341-0384
    Request Owner's contact information
    17475 NE Oak Grove Ln, Unit Hillsboro Hillsboro, OR 97123
    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.
    17475 NE Oak Grove Ln, Unit Hillsboro
    Hillsboro, OR 97123
    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
    17475 NE Oak Grove Ln, Unit Hillsboro Hillsboro, OR 97123
    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
    Chris Gordon
    (503) 341-0384
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.