Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Mixed-Use Community Title is generated by Realmo AI

    3405 SE Reed Dr, Hillsboro, OR

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail, restaurant, and service space in Reed’s Crossing.

    Type:RETAIL
    Property size:
    2,320 SF
    Lot size:
    244.26 Acres
    Added:
    Jul 9, 2025
    Days on Market:
    317
    Last Refresh:
    Apr 5 at 9:10 pm

    Property Features for 3405 SE Reed Dr

    General Information

    Standard status
    Active
    Size
    2,320 SF
    Lot size
    244.26 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 3405 SE Reed Dr Contact us

    We can help!

    Listing Contact
    Michelle Rozakis
    Michelle Rozakis

    Listing agent Michelle Rozakis License #200512190

    Listing office Capacity Commercial Group

    Listing date Jul 9, 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 Capacity Commercial Group

    HighLights

    • Mixed‑use community with 301 residential units.
    • Retail/restaurant/service space available.
    • Located in Reed's Crossing master‑planned community.
    • Seeking a variety of businesses including retail, restaurant, service, bakery, taphouse, brewery.
    • Ideal for beauty/salon, nail, office, dental, floral, or bank.
    • Space available for lease.

    Overview

    This property offers retail, restaurant, and service space within a mixed-use community consisting of 301 residential units. The available space, totaling 2320 square feet, is located in the Reed’s Crossing master-planned community. The property is suitable for various businesses, including retail stores, restaurants, service providers, bakeries, taphouses, breweries, beauty salons, nail salons, offices, dental practices, floral shops, and banks.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -122.865431
    Latitude
    45.5196151

    Nearby Similar for Lease

    • Sponsored
      $129-$4,670/Mo
      11-1,292 SF

      AmberGlen

      1915 Stucki Ave, Unit 400, Hillsboro, OR 97006
      View Details
    • $36 SF/Yr
      9,000 SF

      Retail/Service/Restaurant Space in Hillsboro

      Retail, service, and restaurant spaces available in master-planned community.
      3405 SE Reed Drive, Hillsboro, OR 97123
      View Details
    • $1,600/Mo
      195,793 SF

      Orenco Station Retail/Office Spaces

      Retail and office spaces available in mixed-use neighborhood.
      1030 NE Orenco Station Parkway, Hillsboro, OR 97124
      View Details
    • $27 SF/Yr
      12,045 SF

      Medical Office Space Available

      Highly visible medical office space with ample parking and signage.
      Hillsboro, OR 97124
      View Details
    • $8,950/Mo
      73,992 SF

      Hillsboro Industrial Space Sublease

      Industrial space in Hillsboro, Oregon, ideal for manufacturing tenants.
      5665 NE Wagon Dr, Hillsboro, OR 97124
      View Details
    • $26 SF/Yr
      324,326 SF

      Retail Spaces at Orenco Station

      Second-generation retail and service spaces available in Hillsboro's mixed-use neighborhood.
      6523 Northeast Cherry Drive, Hillsboro, OR 97124
      View Details
    • $24 SF/Yr
      15,770 SF

      Hillsboro Restaurant Space Available

      2,006 SF second generation restaurant space for lease.
      4950 NE Belknap Court, Hillsboro, OR 97124
      View Details
    • Contact for pricing
      1,445 SF

      Hillsboro Office/Flex Park

      Multi-tenant office/flex park in the Sunset Corridor/Hillsboro submarket.
      1600 NE Compton Dr, Hillsboro, OR 97006
      View Details
    • Contact for pricing
      6,600 SF

      Hillsboro Automotive/Retail Space For Rent

      Auto/service/parts showroom and service areas available for rent.
      Hillsboro, OR 97123
      View Details
    • $4,200/Mo

      Hillsboro Warehouse with Retail Options

      Downtown Hillsboro warehouse/industrial space with retail potential. Gated, fenced.
      197 SW DENNIS, Hillsboro, OR 97123
      View Details
    • Contact for pricing
      1,500 SF

      Hillsboro Flex/Industrial Business Park

      Flex/industrial buildings in landscaped business park, convenient location.
      2240-2460 NE Griffin Oaks Street, Hillsboro, OR 97124
      View Details
    • $1.40 SF/Yr
      18,896 SF

      Spacious Office Space in Hillsboro

      Hillsboro office space with open layout and ample parking.
      7431 NE Evergreen Pkwy, Hillsboro, OR
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail, restaurant, and service space in Reed’s Crossing.
    Where is this retail space located?
    The property is located at 3405 SE Reed Dr Hillsboro, OR.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: Mixed‑use community with 301 residential units.; Retail/restaurant/service space available.; Located in Reed's Crossing master‑planned community.
    (503) 222-0755 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michelle Rozakis
    Michelle Rozakis
    Real Estate License ID: 200512190
    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

    Thank You for Inquiry
    3405 SE Reed Dr, Hillsboro, OR
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!