Land Site Rare Cor, Hillsboro, OR 97124
This exceptional 49,223 square foot commercial land parcel presents a unique investment opportunity in Hillsboro, Oregon. Located on NE Cornell Rd, this rare corner lot boasts significant advantages for immediate development. The property is zoned I-P (Industrial Park) by the City of Hillsboro, offering a diverse range of permitted uses including eating and drinking establishments, office space, self-storage facilities, vehicle repair shops, and various industrial applications. A detailed list of permitted uses can be obtained from the City of Hillsboro. Infrastructure is already in place, with utilities conveniently connected to the site and a functioning storm water system. The lot has been recently graveled and compacted, minimizing site preparation costs and expediting the construction process. The property's convenient location and readily available infrastructure make it an ideal site for a wide variety of commercial ventures. The Assessor's Parcel Number (APN) is R2209974. This prime location in Washington County, Oregon, offers excellent access to transportation networks and a thriving business community. The asking price for this exceptional property is $2,250,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.