Prime Sunset Corridor Commercial
3463 NE JOHN OLSEN Hillsboro, OR 97124
3463 NE JOHN OLSEN, Hillsboro, OR, 97124
$499,900
For Sale
$499,900
Two-level commercial space in a dynamic, sought-after business hub.
Property Size1,887 SF
Price / SF$264.92
Days on Market173
Property Features for 3463 NE JOHN OLSEN
General Information
- Standard status
- Active
- Size
- 1,887 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2008
Listing Agency
MATIN REAL ESTATE
(503) 447-3599
Listed by
VINCE KINNEY
Source
Corcoran
Added: Jan 29 Updated: Jul 10 at 3:46 pm Checked: Jul 19 at 4:31 am
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 MATIN REAL ESTATE
Investment Insights
Based on property information with market context.
Located in the Sunset Corridor, this two-level commercial space is suitable for retail or office use. It is part of a development of Class A business-style condominium offices. The space features wall-to-wall carpet and oversized windows that provide natural light. Crystal glass separators add a sense of luxury. The upper level is configured for private offices, suitable for executive suites, collaborative workspaces, or professional services. The property is located minutes from two major shopping centers and is surrounded by Intel, Nike, shops, restaurants, and services.
Key Highlights
- Prime location in the Sunset Corridor, a dynamic business hub.
- Suitable for retail or office use.
- Part of a Class A business‑style condominium development.
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 | $38.3k | $20.28 |
| − Vacancy | −$13.6k | −$7.22 |
| EGI | $24.6k | $13.06 |
| − OpEx | −$6.2k | −$3.27 |
| NOI | $18.5k | $9.80 |
1,887 SF · lease $20.28/SF/yr · vacancy 35.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$264.1K
$231.1K – $308.1K
NOI $18,484 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$506.7K
$443.4K – $591.2K
NOI $35,471 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Two-level commercial space in a dynamic, sought-after business hub.
Where is this office units located?
The property is located at 3463 NE JOHN OLSEN Hillsboro, OR.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Prime location in the Sunset Corridor, a dynamic business hub.; Suitable for retail or office use.; Part of a Class A business‑style condominium development.
