Commercial Office Condo Near
5293 NE ELAM YOUNG #110 Hillsboro, OR 97124
For Sale
$289,000
Pending
Office condo with AC, storage, and two parking spaces.
Property Size1,012 SF
Days on Market298
Property Features for 5293 NE ELAM YOUNG #110
General Information
Standard status
Pending
Size
1,012 SF
Property subtype
Commercial
Building Details
Year Built
1982
Listing Agency:
KELLER WILLIAMS SUNSET CORRIDOR
(503) 270-5700
Listed By:
KEVIN MAPES · License #200607154
Source:
Corcoran
Added: Oct 3, 2025
Changed: Jul 6
Last Checked: Jul 23 at 8:50AM
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 KELLER WILLIAMS SUNSET CORRIDOR
Investment Insights
Based on property information with market context.
This commercial office condo for sale features air conditioning, one private office, a spacious kitchen, and in-unit storage. The property includes two parking spaces. The main area is versatile and can be customized as a reception space or configured with multiple desks for an open office layout. The property is located near Orenco Station, Intel, Hillsboro Airport, Tanasbourne, shopping, dining, and entertainment, and is approximately 7 minutes from Hwy 26. The property has a size of 1012 square feet.
Key Highlights
- Prime location near Orenco Station, Intel, Hillsboro Airport, Tanasbourne, shopping, dining, and entertainment.
- Includes two parking spaces.
- Versatile main area customizable as reception or open office.
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 | $20.5k | $20.28 |
| − Vacancy | −$7.3k | −$7.22 |
| EGI | $13.2k | $13.06 |
| − OpEx | −$3.3k | −$3.27 |
| NOI | $9.9k | $9.80 |
1,012 SF · lease $20.28/SF/yr · vacancy 35.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$141.6K
$123.9K – $165.2K
NOI $9,913 @ 7.0% cap · market cap 3.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$271.8K
$237.8K – $317.1K
NOI $19,023 @ 7.0% cap · market cap 6.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office condo with AC, storage, and two parking spaces.
Where is this office units located?
The property is located at 5293 NE ELAM YOUNG #110 Hillsboro, OR.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Prime location near Orenco Station, Intel, Hillsboro Airport, Tanasbourne, shopping, dining, and entertainment.; Includes two parking spaces.; Versatile main area customizable as reception or open office.
