Hillsboro Commercial Suite For
545 SE Oak St, Hillsboro, OR 97123
For Sale
Contact for pricing
Pending
Single-level commercial suite in downtown Hillsboro near medical center.
Property Size3,340 SF
Days on Market781
Property Features for 545 SE Oak St
General Information
Standard status
Size
Property subtype
Zoning
Investment Type
Building Details
Year Built
Buildings
Stories
Units
Listing Agency:
KW Commercial Portland Premiere
Listed By:
Cameron Schwab · License OR #201220872
(503) 442-4257
Source:
Crexi
Added: Sep 25, 2024
Changed: Nov 11
Last Checked: Nov 12 at 7:45AM
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 KW Commercial Portland Premiere
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Investment Insights
Based on property information with market context.
The property at 545 SE Oak St is a single-level commercial suite located in downtown Hillsboro, a few blocks from the Hillsboro Medical Center and various businesses. Situated within the Pacific Medical Bldg, the 3,340 square foot suite is suitable for medical or professional office uses. The building includes a 37-stall parking lot shared among the businesses, with access to an additional 22 gated parking stalls via the alley. Hillsboro is located in Oregon's "Silicon Forest," a growing tech and business center in Portland's western suburbs. Downtown Hillsboro features Washington County offices, medical centers, and shopping and dining options. The property is located three blocks from two MAX Light Rail stops.
Key Highlights
- Prime location in downtown Hillsboro, Oregon's 'Silicon Forest'.
- Close proximity to Hillsboro Medical Center and other businesses.
- Suitable for medical or professional office use.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,731
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$994,620
$994.6K
Cap Rate 7%
$710,443
$710.4K
Cap Rate 9%
$552,567
$552.6K
Market Conditions
NOI Build-Up for 3,340 SF
Gross rent
$88.2K $26.40/SF
− Vacancy
−$5.3K −$1.58/SF
EGI
$82.9K $24.82/SF
− OpEx
−$33.2K −$9.93/SF
NOI
$49.7K $14.89/SF
Area
Hillsboro, OR
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$994,620
Cap Rate 7%
$710,443
Cap Rate 9%
$552,567
Alternative Uses
Best Use
Healthcare Medical
$710.4K
$621.6K – $828.9K
NOI $49,731 @ 7.0% cap · market cap 7.37%
Second Best
Office B
$467.4K
$409.0K – $545.3K
NOI $32,716 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$896.9K
$784.8K – $1.05M
NOI $62,784 @ 7.0% cap · market cap 9.30%
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
Location Intelligence
Trade Area within ½ mile
2,311
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Medical Office Space in Washington County
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Hillsboro Veterinary Clinic — 142 SW Baseline St, Hillsboro, OR 97123
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-level commercial suite in downtown Hillsboro near medical center.
Where is this medical office space located?
The property is located at 545 SE Oak St Hillsboro, OR.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Prime location in downtown Hillsboro, Oregon's 'Silicon Forest'.; Close proximity to Hillsboro Medical Center and other businesses.; Suitable for medical or professional office use.
