Retail Building with Loading
New
For Sale
Contact for pricing
175 SE Baseline St, Hillsboro, OR 97123
Recent building improvements include a replacement roof and two new HVAC units.
Property Size15,989 SF
Price / SF$187.63
Days on Market2
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Property Features for 175 SE Baseline St
General Information
Standard status
Active
Size
15,989 SF
Property subtype
RETAIL
Building Details
Buildings
1
Listing Agency:
Commercial Real Estate NW
(503) 309-5106
Listed By:
Denise Brohoski · License #200508190
(503) 597-2444
Source:
Moodyscre
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:42AM
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 Commercial Real Estate NW
Investment Insights
Based on property information with market context.
This 15,989-square-foot retail property has a grade-level roll-up door and a loading dock. Improvements include a new roof and two new HVAC units, with street signage and more than 35 parking spaces also on site.
The property is in downtown Hillsboro, half a block from the MAX Blue Line. Reported traffic exceeds 15,000 ADT.
The property is in downtown Hillsboro, half a block from the MAX Blue Line. Reported traffic exceeds 15,000 ADT.
Key Highlights
- 15,989‑square‑foot retail property
- New roof and two new HVAC units
- One grade‑level roll‑up door and one loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$234,723
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,694,460
$4.7M
Cap Rate 7%
$3,353,186
$3.4M
Cap Rate 9%
$2,608,033
$2.6M
Market Conditions
NOI Build-Up for 15,989 SF
Gross rent
$351.1K $21.96/SF
− Vacancy
−$15.8K −$0.99/SF
EGI
$335.3K $20.97/SF
− OpEx
−$100.6K −$6.29/SF
NOI
$234.7K $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%
$4,694,460
Cap Rate 7%
$3,353,186
Cap Rate 9%
$2,608,033
Alternative Uses
Best Use
Retail
$3.35M
$2.93M – $3.91M
NOI $234,723 @ 7.0% cap · market cap 7.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.29M
$3.76M – $5.01M
NOI $300,554 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,865
Businesses Nearby
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Recent building improvements include a replacement roof and two new HVAC units.
Where is this retail space located?
The property is located at 175 SE Baseline St Hillsboro, OR.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 15,989‑square‑foot retail property; New roof and two new HVAC units; One grade‑level roll‑up door and one loading dock
