Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1030 Orenco Station Pkwy Hillsboro, OR 97124
    Back to Search
    Property profile & analytics

    1030 Orenco Station Pkwy Hillsboro, OR 97124

    View on Map
    • Retail properties & Spaces
    • 195,793 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1030 Orenco Station Pkwy

    Year built
    2012
    Property size
    195,793 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    Platform 14 at Orenco Station offers exceptional executive office and retail spaces in Hillsboro, Oregon. This 2012-built mixed-use development boasts a total of 195,793 square feet, with multiple tenancy options available. Currently, several move-in ready suites are available, ranging from 733 to 928 contiguous square feet. Each suite is priced at a modified gross rate, with 733 sq ft units listed at $1,600 per month and a 928 sq ft unit at $2,165 per month. These versatile spaces are ideal for businesses seeking a modern and convenient location. The building is situated at 1030 NE Orenco Station Pkwy, Hillsboro, OR 97124, offering easy access to amenities and transportation. The minimum divisible space is 733 square feet, providing flexibility for various business needs. A total of 2,860 square feet of vacant space is currently available for immediate occupancy. These second-generation spaces are ready for immediate customization to suit your business requirements. The property's prime location within the vibrant Orenco Station neighborhood ensures high visibility and accessibility. Don't miss this opportunity to secure your ideal workspace in this thriving community.

    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
    -122.916
    Latitude
    45.5321

    Comparable in this City

    • Value Estimation by Request

      6194 Cornell Rd

      Office properties & Spaces
      6194 Cornell Rd, Hillsboro, OR 97124
      View Details
    • Value Estimation by Request
      3.35 Acres

      4825 Starr Blvd

      Retail properties & Spaces • 4,194 SF
      4825 Starr Blvd, Hillsboro, OR 97124
      View Details
    • Value Estimation by Request
      1,560 SF

      Brookwood Pkwy

      Retail properties & Spaces • 1,560 SF
      0 Brookwood Pkwy, Hillsboro, OR 97124
      View Details
    • Value Estimation by Request
      206,691 SF

      Evergreen Pkwy

      Retail properties & Spaces • 206,691 SF
      0 Evergreen Pkwy, Hillsboro, OR 97124
      View Details
    • Value Estimation by Request
      77.60 Acres

      12574 Vly Vis Rd

      NURSERY, GREENHOUSE, FLORIST • 77.60 Acres
      12574 Vly Vis Rd, Hillsboro, OR 97124-8297
      View Details
    • Value Estimation by Request

      11000 Evergreen Pkwy

      Retail properties & Spaces
      11000 Evergreen Pkwy, Hillsboro, OR 97124
      View Details

    Similar Nearby for Sale

    • $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 Ave, 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 Ave, Hillsboro, OR 97124
      View Details
    • Contact for pricing

      Freestanding Office Building with Parking

      Office building with parking and extra land in downtown Hillsboro.
      452 NE Lincoln St, Hillsboro, OR 97124
      View Details
    • $289,000
      1,012 SF

      Commercial Office Condo Near Orenco

      Office condo with AC, storage, and two parking spaces.
      5293 NE Elam Young Pkwy, Hillsboro, OR 97124
      View Details
    • Contact for pricing

      Hillsboro Office Space Opportunity

      Clean, ready-to-use office space in a rapidly growing area.
      5295 NE Elam Young Pkwy, Hillsboro, OR 97124
      View Details
    • $1,400,000
      7,808 SF

      Hillsboro Industrial/Office Buildings For Sale

      Three adjacent buildings with industrial, office, and residential space.
      341 NE Lincoln St, Hillsboro, OR 97124
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hillsboro Flex/Industrial Business Park

      Flex/industrial buildings in a landscaped business park, Hillsboro, Oregon.
      2240-2460 NE Griffin Oaks St, Hillsboro, OR 97124
      View Details
    • $24 SF/Yr

      Hillsboro Restaurant Space Available

      2,006 SF second generation restaurant space for lease.
      4950 NE Belknap Ct, Hillsboro, OR 97124
      View Details
    • $1,600 /Mo

      Orenco Station Retail/Office Spaces

      Retail and office spaces available in mixed-use neighborhood.
      1030 NE Orenco Station Pkwy, Hillsboro, OR 97124
      View Details
    • Contact for pricing

      Hillsboro Flex/Industrial Business Park

      Flex/industrial buildings in landscaped business park, convenient location.
      2240-2460 NE Griffin Oaks St, Hillsboro, OR 97124
      View Details
    • Contact for pricing
      2,894 SF

      Hillsboro Office Space Available

      Office space available for rent in Hillsboro, Oregon.
      6111-6175 NE Cornell Rd, Hillsboro, OR 97124
      View Details
    • Contact for pricing

      Hillsboro Warehouse and Office Spaces

      Functional warehouse and office spaces with flexible, short-term leases.
      1960 NE 25Th Ave, Hillsboro, OR 97124
      View Details
    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.
    1030 Orenco Station Pkwy
    Hillsboro, OR 97124
    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
    1030 Orenco Station Pkwy, 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!