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    Retail Space in Reed's Crossing Title is generated by Realmo AI

    3555-3611 SE Cornelius Pass Rd, Hillsboro, OR

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    Premier retail and service spaces in growing South Hillsboro.

    Type:RETAIL
    Property size:
    1,171 SF
    Lot size:
    244.26 Acres
    Added:
    Mar 27, 2025
    Days on Market:
    421
    Last Refresh:
    Apr 5 at 9:52 pm

    Property Features for 3555-3611 SE Cornelius Pass Rd

    General Information

    Standard status
    Active
    Size
    1,171 SF
    Lot size
    244.26 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 3555-3611 SE Cornelius Pass Rd Contact us

    We can help!

    Listing Contact
    Kara Phelps

    Listing agent Kara Phelps

    Listing office HSM Pacific Retail Solutions

    Listing date Mar 27, 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 HSM Pacific Retail Solutions

    HighLights

    • Located in Reed's Crossing Town Center
    • Anchored by Market of Choice
    • Serves a master‑planned community projected to add 8,000 new residential units
    • Hillsboro is projected to be the fastest growing city in Oregon for incomes
    • Features 110,000 square feet of retail, restaurant, fitness and wellness, and retail services space
    • Part of a 30‑acre master‑planned commercial district

    Overview

    Located in South Hillsboro, Reed's Crossing Town Center offers retailers and service providers an opportunity to locate in Oregon's largest master-planned community. Hillsboro is projected to be the fastest-growing city in Oregon for incomes and the second-fastest in residential growth over the next five years. The 'SoHi District' will include 1,400 acres, 8,000 new residential housing units, and 20,000 new residents. The Town Center is the only large-scale retail opportunity in the SoHi District and the first grocery-anchored center constructed in the Tualatin Valley corridor since 1996. Reed’s Crossing Town Center will serve as the premier Class-A retail and services development for the SoHi District, becoming a top retail destination in the South Hillsboro submarket. Reed’s Crossing Town Center encompasses 10.3 acres of commercial development and will feature 110,000 square feet of retail, restaurant, fitness and wellness, and retail services. The Town Center resides within SoHi’s 30-acre master-planned commercial district that will include high-density housing, daytime employment, and 107,000 square feet of medical and community wellness facilities. One available space offers 1,171 square feet. Reed’s Crossing Town Center is positioned to become a community gathering place.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Tanasbourne West Annex — 22283 NE Imbrie Dr, Hillsboro, OR 97124
    • Coinstar Kiosk | Bitcoin ATM — Kroger - Fred Meyer Inc, 22075 NE Imbrie Dr, Hillsboro, OR 97124

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -122.9
    Latitude
    45.5503

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    FAQs

    What type of property is this?
    Shopping center - Premier retail and service spaces in growing South Hillsboro.
    Where is this shopping center located?
    The property is located at 3555-3611 SE Cornelius Pass Rd Hillsboro, OR.
    What are key features of this property?
    This property features: Located in Reed's Crossing Town Center; Anchored by Market of Choice; Serves a master‑planned community projected to add 8,000 new residential units
    (503) 863-3515 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Kara Phelps
    Learn More
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    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.

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    3555-3611 SE Cornelius Pass Rd, Hillsboro, OR
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