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    7515 Tualatin Valley Hwy Hillsboro, OR 97123
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    7515 Tualatin Valley Hwy, Hillsboro, OR 97123

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    • Retail properties & Spaces
    • 2,569 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 7515 Tualatin Valley Hwy

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail opportunity is located at 7515 SE Tualatin Valley Hwy in Hillsboro, Oregon, within Washington County (zip code 97123). The property, known as Reedville Crossing, offers a total of 2,569 square feet of retail space currently available for lease. The building is configured to accommodate multiple tenants, with a minimum divisible space of 955 square feet and a maximum contiguous space of 1,614 square feet. All 2,569 square feet are currently vacant, presenting a unique chance for a single tenant to occupy the entire building or for multiple businesses to establish themselves in this desirable location. The property is classified as a storefront retail space, ideal for a variety of businesses seeking high visibility and convenient access. Its location in Hillsboro, Oregon provides excellent access to major transportation routes and a thriving local community. This is a rare opportunity to secure a prominent retail space in a highly sought-after area. The property's size and flexibility make it suitable for a wide range of retail concepts. Interested parties are encouraged to inquire for further details and leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -122.904
    Latitude
    45.4979

    Comparable in this City

    • Value Estimation
      $1,220,000
      6,945 SF

      137 3rd Ave

      RETAIL STORES (PERSONAL SERVICES)
      137 3rd Ave, Hillsboro, OR 97123-4018
      View Details
    • Value Estimation
      $990,000
      5,636 SF

      14045 Campbell Rd

      RETAIL STORES (PERSONAL SERVICES)
      14045 Campbell Rd, Hillsboro, OR 97123-9020
      View Details
    • Value Estimation
      $5,815,000
      33,066 SF

      235 Main St

      RETAIL STORES (PERSONAL SERVICES)
      235 Main St, Hillsboro, OR 97123-4020
      View Details
    • Value Estimation by Request
      1,100 SF

      321 Main St

      RETAIL STORES (PERSONAL SERVICES)
      321 Main St, Hillsboro, OR 97123-4022
      View Details
    • Value Estimation
      $1,910,000
      10,852 SF

      207 Main St

      RETAIL STORES (PERSONAL SERVICES)
      207 Main St, Hillsboro, OR 97123-4020
      View Details
    • Value Estimation
      $580,000
      3,300 SF

      217 Main St

      RETAIL STORES (PERSONAL SERVICES)
      217 Main St, Hillsboro, OR 97123-4020
      View Details

    Similar Nearby for Sale

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      Downtown Hillsboro Event Venue Investment

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      642 SF

      Beaverton Retail Investment Opportunity

      Retail property with dual income streams in high-traffic location.
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    Similar Nearby for Lease

    • Contact for pricing
      2,297 SF

      Retail Space with Prominent Signage

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      370 E Main St, Hillsboro, OR 97123
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      Downtown Hillsboro Commercial Building For Rent

      1,281 SF commercial building in vibrant downtown Hillsboro.
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      1,153 SF

      Retail Space in Growing Community

      Premier retail and service spaces in South Hillsboro.
      7607-7639 SE Blanton St, Hillsboro, OR 97123
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      1,705 SF

      Retail Space in Reed's Crossing

      Premier retail and service spaces in growing South Hillsboro.
      3555-3611 SE Cornelius Pass Rd, Hillsboro, OR 97123
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      2,510 SF

      Retail Space in Mixed-Use Community

      Retail, restaurant, and service space in Reed’s Crossing.
      3405 SE Reed Dr, Hillsboro, OR 97123
      View Details
    • Contact for pricing
      3,176 SF

      Retail Space in Reed's Crossing

      Premier retail opportunity in South Hillsboro's growing community.
      7705-7753 SE Blanton St, Hillsboro, OR 97123
      View Details
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    Hillsboro, OR 97123
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    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
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