Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    New Industrial Development in Hillsboro Title is generated by Realmo AI

    4630 Nw 273rd Avenue - 4915 Ne Sewell Avenue, Hillsboro, OR 97124

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    New industrial development with ample loading and parking.

    Type:Industrial
    Property size:
    388,958 SF
    Added:
    Dec 15, 2023
    Days on Market:
    895
    Last Refresh:
    May 12 at 10:33 pm

    Property Features for 4630 Nw 273rd Avenue - 4915 Ne Sewell Avenue

    General Information

    Standard status
    Active
    Size
    388,958 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Clayton Madey

    Listing agent Clayton Madey License #OR 201727196

    Listing office Macadam Forbes

    Listing date Dec 15, 2023

    Source Crexi

    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

    HighLights

    • New construction industrial development.
    • Ample loading and parking.
    • Flexible size and configuration options.
    • Located in the heart of Hillsboro’s Technology Corridor.
    • Close proximity to major roadways (Evergreen Road, Brookwood Parkway, Highway 26).
    • Nearby major industries like Intel and Hillsboro Airport.

    Overview

    Sewell Corporate Park is a new construction industrial development located in the heart of Hillsboro’s Technology Corridor. The property offers flexibility in size and configuration depending on user needs. It is centrally located in the rapidly growing North Hillsboro Industrial area, with close proximity to major roadways like Evergreen Road, Brookwood Parkway, and Highway 26. The property is also near major industries like Intel and the Hillsboro Airport. The property size is 388958 square feet and offers ample loading and parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Gym & Fitness Center Food Market Kitchen & Bath Showroom Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -122.954
    Latitude
    45.6165

    Nearby Similar for Sale

    • $1,049,999
      2,652 SF

      Hillsboro Triplex: Investment Opportunity

      Updated triplex in Hillsboro near Pacific University and downtown.
      121 SE 8TH Ave, Hillsboro, OR 97123
      View Details
    • $825,000
      2,798 SF

      Hillsboro Home with Accessibility Features

      Updated home in Hillsboro ideal for multi-generational living.
      2706 Spruce St, Hillsboro, OR 97123
      View Details
    • $755,000
      3,710 SF

      Hillsboro Commercial Property with Upside

      3,710 SF commercial property in Downtown Hillsboro.
      155 SE 2nd Ave, Hillsboro, OR 97123
      View Details
    • $600,000

      Downtown Hillsboro Single-Tenant Retail Building

      Fully leased commercial building in Downtown Hillsboro with stable income.
      159 SE 2nd Ave, Hillsboro, OR 97123
      View Details
    • $593,000

      Downtown Hillsboro Office Building

      Office building in Downtown Hillsboro with flexible layout.
      163 SE 2nd Ave, Hillsboro, OR 97123
      View Details
    • $999,000
      10,000 SF

      Hillsboro Mixed-Use Development Opportunity

      Mixed-use lot near Reed's Crossing, ideal for development.
      SE Davis Rd, Hillsboro, OR 97123
      View Details
    • $3,675,000
      14,186 SF

      Hillsboro Facility on 4.88 Acres

      14,186 SF facility on 4.88 acres in Hillsboro, Oregon.
      5580 Southeast Golden Road, Hillsboro, OR, 97123
      View Details
    • $1,795,000
      2,500 SF

      Hillsboro Two-Story Drive-Thru Concept

      Freestanding two-story coffee concept with drive-thru in Reed’s Crossing.
      2835 SE 70TH, Hillsboro, OR 97123
      View Details
    • $628,000
      1,887 SF

      Prime Sunset Corridor Commercial Space

      Two-level commercial space in a dynamic, sought-after business hub.
      3463 NE JOHN OLSEN, Hillsboro, OR 97124
      View Details
    • $699,000
      3,197 SF

      Downtown Hillsboro Commercial Building For Sale

      3,197 SF commercial building in the heart of Hillsboro.
      126 NE 2ND, Hillsboro, OR 97124
      View Details
    • Contact for pricing
      10,134 SF

      Hillsboro Medical Office Plaza

      Medical office building near OHSU Hillsboro Medical Center.
      862 SE Oak St, Hillsboro, OR 97123
      View Details
    • $1,800,000
      5,655 SF

      Hillsboro Warehouse with Secure Parking

      Industrial warehouse with I-P zoning and convenient transit access.
      3431 SE River Rd, Hillsboro, OR
      View Details

    FAQs

    What type of property is this?
    Industrial property - New industrial development with ample loading and parking.
    Where is this industrial property located?
    The property is located at 4630 Nw 273rd Avenue - 4915 Ne Sewell Avenue Hillsboro, OR.
    What are key features of this property?
    This property features: New construction industrial development.; Ample loading and parking.; Flexible size and configuration options.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Clayton Madey
    Real Estate License ID: OR 201727196
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4630 Nw 273rd Avenue - 4915 Ne Sewell Avenue, Hillsboro, OR 97124
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!