Industrial Warehouse with Fenced
For Sale
$2,700,000
215 SW Wood Street, Hillsboro, OR 97123
Industrial warehouse includes high ceilings, fenced yard storage, and 3-phase power for general industrial manufacturing or distribution use.
Property Size23,500 SF
Price / SF$114.89
Days on Market144
Property Features for 215 SW Wood Street
General Information
Standard status
Active
Size
23,500 SF
Property subtype
Industrial
Zoning
I-G - Industrial General
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Heavy Power
Yes
Building Details
Building Size
23,500 SF
Year Built
1980
Listing Agency:
Macadam Forbes
Listed By:
Joe Curran · License #OR #200812036
(503) 616-0992
Source:
Macadamforbes
Added: Jun 2
Changed: Oct 2
Last Checked: Oct 20 at 6:05PM
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 Macadam Forbes
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Investment Insights
Based on property information with market context.
This industrial building features high ceilings, 3-phase power, and fenced, secure outdoor yard storage. The configuration supports manufacturing or distribution operations and is positioned under General Industrial (I-G) zoning, which allows for a wide range of uses.
The property is located at 215 SW Wood Street in Hillsboro, Oregon. Several short-term leases are in place; please contact the broker for lease details.
The property is located at 215 SW Wood Street in Hillsboro, Oregon. Several short-term leases are in place; please contact the broker for lease details.
Key Highlights
- Industrial building built in 1980 in Hillsboro
- General Industrial (I‑G) zoning allowing a wide range of uses
- High ceilings for industrial manufacturing or distribution operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$242,506
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,850,120
$4.9M
Cap Rate 7%
$3,464,371
$3.5M
Cap Rate 9%
$2,694,511
$2.7M
Market Conditions
NOI Build-Up for 23,500 SF
Gross rent
$366.6K $15.60/SF
− Vacancy
−$20.2K −$0.86/SF
EGI
$346.4K $14.74/SF
− OpEx
−$103.9K −$4.42/SF
NOI
$242.5K $10.32/SF
Area
Hillsboro, OR
Vacancy
5.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,850,120
Cap Rate 7%
$3,464,371
Cap Rate 9%
$2,694,511
Alternative Uses
Best Use
Warehouse
$4.21M
$3.68M – $4.91M
NOI $294,471 @ 7.0% cap · market cap 10.91%
Second Best
Industrial
$3.46M
$3.03M – $4.04M
NOI $242,506 @ 7.0% cap · market cap 8.98%
Theoretical Best
Office A
$6.31M
$5.52M – $7.36M
NOI $441,743 @ 7.0% cap · market cap 16.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
978
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial warehouse includes high ceilings, fenced yard storage, and 3-phase power for general industrial manufacturing or distribution use.
Where is this manufacturing property located?
The property is located at 215 SW Wood Street Hillsboro, OR.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Industrial building built in 1980 in Hillsboro; General Industrial (I‑G) zoning allowing a wide range of uses; High ceilings for industrial manufacturing or distribution operations
