Functional Flex Space with
For Sale
Contact for pricing
5293 Northeast Elam Young Parkway Suite 190, Hillsboro, OR 97124
Compact commercial space combines office, storefront, and warehouse areas with upgraded electrical capacity.
Property Size1,606 SF
Price / SF$326.90
Days on Market8
Property Features for 5293 Northeast Elam Young Parkway Suite 190
General Information
Standard status
Active
Size
1,606 SF
Property subtype
Industrial
Zoning
SC-BP (City of Hillsboro)
Lease Type
NNN
Warehouse & Industrial
Drive-In Doors
2
Heavy Power
Yes
Building Details
Tenancy
Single
Listing Agency:
Macadam Forbes
(503) 972-7277
Listed By:
Clayton Madey · License #OR 201727196
Source:
Crexi
Added: Aug 4
Changed: Aug 11
Last Checked: Aug 11 at 7:47AM
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 Macadam Forbes
Investment Insights
Based on property information with market context.
This flex space in Hillsboro combines an office component, storefront area, and warehouse portion within a functional commercial layout. Two grade-level doors provide access to the warehouse, which includes power upgrades designed to support heavy power use. The property is identified as 1,606 in property-size data and carries SC-BP zoning through the City of Hillsboro.
The address is near Intel, Lattice Semiconductor, Costco, Hillsboro Airport, and Orenco Station, placing industrial, aviation, and retail destinations in the surrounding area. The property is available for ownership or lease, providing flexibility for an occupant seeking a compact industrial-oriented space with office and customer-facing areas.
The address is near Intel, Lattice Semiconductor, Costco, Hillsboro Airport, and Orenco Station, placing industrial, aviation, and retail destinations in the surrounding area. The property is available for ownership or lease, providing flexibility for an occupant seeking a compact industrial-oriented space with office and customer-facing areas.
Key Highlights
- Flex space with office, storefront, and warehouse components
- Warehouse access through two grade‑level doors
- Power upgrades support heavy power use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,576
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$471,520
$471.5K
Cap Rate 7%
$336,800
$336.8K
Cap Rate 9%
$261,956
$262.0K
Market Conditions
NOI Build-Up for 1,606 SF
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.
Gross rent
$35.3K $21.96/SF
− Vacancy
−$1.6K −$0.99/SF
EGI
$33.7K $20.97/SF
− OpEx
−$10.1K −$6.29/SF
NOI
$23.6K $14.68/SF
Area
Hillsboro, OR
Vacancy
4.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$471,520
Cap Rate 7%
$336,800
Cap Rate 9%
$261,956
Alternative Uses
Best Use
Retail
$336.8K
$294.7K – $392.9K
NOI $23,576 @ 7.0% cap · market cap 4.49%
Second Best
Warehouse
$287.5K
$251.6K – $335.4K
NOI $20,124 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$431.3K
$377.4K – $503.2K
NOI $30,189 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97124, OR
53,487
Population
22,176
Households
2.4
Avg Household Size
35
Median Age
47%
College-Educated
93%
High-School Grad
45.1 sq mi
ZIP Area
1,186
Density / Sq Mi
$107,063
Median Household Income
$54,463
Median Earnings
$1,918
Median Rent
$518,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Compact commercial space combines office, storefront, and warehouse areas with upgraded electrical capacity.
Where is this flex space located?
The property is located at 5293 Northeast Elam Young Parkway Suite 190 Hillsboro, OR.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Flex space with office, storefront, and warehouse components; Warehouse access through two grade‑level doors; Power upgrades support heavy power use
