Hillsboro Commercial Suite For
For Sale
Contact for pricing
545 SE Oak St, Hillsboro, OR 97123
Single-level commercial suite in downtown Hillsboro near medical center.
Property Size3,340 SF
Price / SF$202.10
Days on Market687
Property Features for 545 SE Oak St
General Information
Standard status
Active
Size
3,340 SF
Property subtype
Office
Zoning
SCC-DT Commercial
Investment Type
Owner/User
Building Details
Year Built
1985
Buildings
1
Stories
1
Units
1
Listing Agency:
KW Commercial Portland Premiere
(503) 597-2444
Listed By:
Cameron Schwab · License #201220872
Source:
Crexi
Added: Sep 25, 2024
Changed: Aug 9
Last Checked: Aug 11 at 6:56AM
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
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 = 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
$49,731
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
7.37%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,414
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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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.
