Add Listing
    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

    2130 NE Griffin Oaks Street Hillsboro, OR 97224

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Fully leased industrial warehouse building in Hillsboro's technology cluster.

    Type:Industrial
    Added:
    Nov 25, 2025
    Days on Market:
    129
    Last Refresh:
    Apr 1 at 10:09 pm

    Property Features for 2130 NE Griffin Oaks Street

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Joe Curran

    Listing agent Joe Curran License #OR #200812036

    Listing office

    Listing date Nov 25, 2025

    Source Macadamforbes

    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 Joe Curran

    Overview

    Leased Industrial Warehouse Near Intel

    This industrial warehouse building presents an investment opportunity. The property is fully leased to four tenants. It is situated south of Intel's Jones Farm Campus and west of the Hillsboro Airport, with convenient access to NE Cornell Road. The location is in the heart of Hillsboro's technology cluster, across from Intel’s Jones Farm. The zoning is I-P, Industrial Park. The current industrial vacancy rate in the Hillsboro area is 3.1%. Hillsboro has a highly educated labor force with a participation rate of 70.5%, compared to 62% for Oregon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Self-Storage at U-Haul — 2380 NE Cornell Rd, Hillsboro, OR 97123
    • Extra Space Storage — 3250 NE 15th Ave, Hillsboro, OR 97124

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -122.961
    Latitude
    45.5396

    Nearby Similar for Sale

    • $825,000
      2,798 SF

      Hillsboro Home with Accessibility Features

      Updated home in Hillsboro ideal for multi-generational living.
      2706 Spruce St, Hillsboro, OR 97123
      View Details
    • $1,120,000
      2,652 SF

      Hillsboro Tri-Plex Investment Opportunity

      Updated triplex near Pacific University, ideal for investors or owner-occupants.
      121 SE 8TH Ave, Hillsboro, OR 97123
      View Details
    • $755,000
      3,710 SF

      Hillsboro Commercial Property with Upside

      3,710 SF commercial property in Downtown Hillsboro.
      155 SE 2nd Ave, Hillsboro, OR 97123
      View Details
    • $600,000

      Downtown Hillsboro Single-Tenant Retail Building

      Fully leased commercial building in Downtown Hillsboro with stable income.
      159 SE 2nd Ave, Hillsboro, OR 97123
      View Details
    • $593,000

      Downtown Hillsboro Office Building

      Office building in Downtown Hillsboro with flexible layout.
      163 SE 2nd Ave, Hillsboro, OR 97123
      View Details
    • $999,000

      Hillsboro Mixed-Use Development Opportunity

      Mixed-use lot near Reed's Crossing, ideal for development.
      SE Davis Rd, Hillsboro, OR 97123
      View Details
    • $1,795,000
      2,500 SF

      Hillsboro Two-Story Drive-Thru Concept

      Freestanding two-story coffee concept with drive-thru in Reed’s Crossing.
      2835 SE 70TH, Hillsboro, OR 97123
      View Details
    • $628,000
      1,887 SF

      Prime Sunset Corridor Commercial Space

      Two-level commercial space in a dynamic, sought-after business hub.
      3463 NE JOHN OLSEN, Hillsboro, OR 97124
      View Details
    • $3,000,000
      14,097 SF

      Hillsboro Retail Investment Opportunity

      14,097 SF building in thriving Hillsboro area.
      175 SE Baseline St, Hillsboro, OR 97123
      View Details
    • $699,000
      3,197 SF

      Downtown Hillsboro Commercial Building For Sale

      3,197 SF commercial building in the heart of Hillsboro.
      126 NE 2ND, Hillsboro, OR 97124
      View Details
    • $3,986,000
      16,000 SF

      Downtown Hillsboro Event Venue Investment

      16,000 SF fully leased event venue for sale.
      253 E Main St, Hillsboro, OR 97123
      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

    FAQs

    What type of property is this?
    Warehouse - Fully leased industrial warehouse building in Hillsboro's technology cluster.
    Where is this warehouse located?
    The property is located at 2130 NE Griffin Oaks Street Hillsboro, OR.
    What are key features of this property?
    This property features: Fully leased industrial warehouse building providing immediate income.; Located in the heart of Hillsboro's technology cluster, across from Intel's Jones Farm Campus.; Low industrial vacancy rate (3.1%) in the Hillsboro area.
    (503) 616-0992
    We can help!
    Listing Contact
    Joe Curran
    Real Estate License ID: OR #200812036
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!