Hillsboro Office Building For
1985 NE Cornell Rd Hillsboro, OR
For Sale
Contact for pricing
12,501 SF office building in Portland suburban area.
Property Size12,501 SF
Lot Size0.42 Acres
Price / SF$191.98
Days on Market391
Property Features for 1985 NE Cornell Rd
General Information
Standard status
Active
Size
12,501 SF
Lot size
0.42 Acres
Property subtype
OFFICE
Listing Agency:
Tradition Real Estate Partners
(503) 998-9817
Listed By:
Matt Bassist · License ##200010026
(503) 998-9817
Source:
Moodyscre
Added: Jul 2, 2025
Changed: Jul 6
Last Checked: Jul 21 at 6:52AM
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 Tradition Real Estate Partners
Investment Insights
Based on property information with market context.
This 12,501 square foot office building, constructed in 2011, is located in the Portland Suburban Office area. The building is elevator served and zoned C-G.
Key Highlights
- 12,501 SF office building
- Elevator served
- Built in 2011
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $253.5k | $20.28 |
| − Vacancy | −$90.3k | −$7.22 |
| EGI | $163.3k | $13.06 |
| − OpEx | −$40.8k | −$3.27 |
| NOI | $122.5k | $9.80 |
12,501 SF · lease $20.28/SF/yr · vacancy 35.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.04M
NOI $122,450 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.36M
$2.94M – $3.92M
NOI $234,988 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - 12,501 SF office building in Portland suburban area.
Where is this office building located?
The property is located at 1985 NE Cornell Rd Hillsboro, OR.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 12,501 SF office building; Elevator served; Built in 2011
