Standalone Office
512 SE Baseline St., Hillsboro, OR 97123
For Sale
Contact for pricing
Downtown corner-site property has zoning that accommodates office and multiple retail uses.
Property Size2,848 SF
Lot Size0.14 Acres
Price / SF$321.28
Days on Market44
Property Features for 512 SE Baseline St.
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Road Access
Property Use
Amenities
One-bathroom
small break room
storage
gated backlot
Building Details
Buildings
Stories
Building Size
Listing Agency:
Hayden Group
Listed By:
Kyle Hayden · License OR #200406283
(503) 648-6445
Source:
Crexi
Added: Sep 28
Changed: Nov 8
Last Checked: Nov 10 at 6:57AM
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 Hayden Group
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Investment Insights
Based on property information with market context.
This single-level, freestanding office building contains 2,848 square feet on a 0.14-acre parcel. Its current layout includes one bathroom, a compact break room, storage, and a gated back lot.
At the corner of SE Baseline Street and SE 5th Avenue in downtown Hillsboro, the property is zoned Station Community Commercial - Downtown. That designation permits office use along with a range of retail uses.
At the corner of SE Baseline Street and SE 5th Avenue in downtown Hillsboro, the property is zoned Station Community Commercial - Downtown. That designation permits office use along with a range of retail uses.
Key Highlights
- 2,848‑square‑foot building on 0.14 acres
- Single‑level, standalone structure currently configured for office use
- Zoned Station Community Commercial - Downtown, allowing office and a variety of retail uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,897
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,940
$557.9K
Cap Rate 7%
$398,529
$398.5K
Cap Rate 9%
$309,967
$310.0K
Market Conditions
NOI Build-Up for 2,848 SF
Gross rent
$57.8K $20.28/SF
− Vacancy
−$20.6K −$7.22/SF
EGI
$37.2K $13.06/SF
− OpEx
−$9.3K −$3.27/SF
NOI
$27.9K $9.80/SF
Area
Hillsboro, OR
Vacancy
35.60%
Lease Rate
$20.28 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$557,940
Cap Rate 7%
$398,529
Cap Rate 9%
$309,967
Alternative Uses
Best Use
Office B
$398.5K
$348.7K – $465.0K
NOI $27,897 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$764.8K
$669.2K – $892.3K
NOI $53,535 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,414
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
$489,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Washington County, OR
Properties on Market for Office buildings in Washington County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Downtown corner-site property has zoning that accommodates office and multiple retail uses.
Where is this office building located?
The property is located at 512 SE Baseline St. Hillsboro, OR.
What is the asking price?
The asking price for this property is $915,000.
What are key features of this property?
This property features: 2,848‑square‑foot building on 0.14 acres; Single‑level, standalone structure currently configured for office use; Zoned Station Community Commercial - Downtown, allowing office and a variety of retail uses
