1985 NE Cornell Rd, Hillsboro, OR
12,501 SF office building in Portland suburban area.
- Added:
- Jul 2, 2025
- Days on Market:
- 346
- Last Refresh:
- May 20 at 8:31 pm
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 agent Matt Bassist (503) 998-9817
Listing office Tradition Real Estate Partners (503) 998-9817
Listing date Jul 2, 2025
Source Moodyscre
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
HighLights
- 12,501 SF office building
- Elevator served
- Built in 2011
- Zoned C‑G
- Located in Portland Suburban Office area
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Hillsboro
- County
- Washington
- State
- Oregon
- Longitude
- -122.962
- Latitude
- 45.531
