Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Laurelwood District Ava Vineyard Hillsboro, OR 97123
    Back to Search
    Property profile & analytics

    Laurelwood District Ava Vineyard Hillsboro, OR 97123

    View on Map
    • Land
    • 60.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Laurelwood District Ava Vineyard

    Lot size
    60.50 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 60.5-acre property in Hillsboro, Oregon's Laurelwood District AVA presents a rare opportunity to acquire a working vineyard and farm. The estate includes a charming 1,680 sq ft farmhouse, completely remodeled in 2015, boasting 2 bedrooms, 1 bathroom, forced air heating and cooling, and a covered deck and porch. A second dwelling, a 660 sq ft cottage with 1 bedroom and 1 bathroom, provides additional living space or guest quarters. A substantial 2,400 sq ft workshop/wine storage building, with light-industrial zoning and a 960 sq ft lean-to, features temperature-controlled storage, a galley kitchen, office, and laundry facilities. This building was formerly a berry packing facility. The property also includes a unique "bank barn" built into the hillside, offering 24'x50' of shop space, a 16'x50' covered area, and a lower-level machine shed. The existing 9.8-acre vineyard (8.4 acres Pinot Noir, 1.4 acres Pinot Gris) offers immediate production, with an additional 20-22 acres suitable for further vineyard development. The property benefits from water rights from a neighboring reservoir, with irrigation lines already in place. Situated at an elevation of 700-900 feet, the vineyard enjoys a sunny east/northeast aspect and Laurelwood soils. Enjoy exceptional views and a peaceful, private setting bordering BLM forest land. This property is conveniently located near the metro area and a short drive from Newberg, offering numerous development possibilities, including a custom home, tasting room, or winery expansion. The asking price is $2,950,000. Zip code: 97123.

    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
    -122.991
    Latitude
    45.4054

    Comparable in this City

    • Value Estimation by Request
      1.19 Acres

      Adams Ave

      Land • 1.19 Acres
      0 Adams Ave, Hillsboro, OR 97123
      View Details
    • Value Estimation by Request
      0.53 Acres

      4155 Tualatin Vly Hwy

      VACANT COMMERCIAL LAND • 0.53 Acres
      4155 Tualatin Vly Hwy, Hillsboro, OR 97123
      View Details
    • Value Estimation by Request
      0.21 Acres

      269 Washington St

      VACANT COMMERCIAL LAND • 0.21 Acres
      269 Washington St, Hillsboro, OR 97123-4023
      View Details
    • Value Estimation by Request
      0.16 Acres

      143 10th Ave

      VACANT COMMERCIAL LAND • 0.16 Acres
      143 10th Ave, Hillsboro, OR 97123-4235
      View Details
    • Value Estimation by Request
      3.48 Acres

      Hillsboro, OR 97123

      INDUSTRIAL - VACANT LAND • 3.48 Acres
      Hillsboro, OR 97123
      View Details
    • Value Estimation by Request
      0.09 Acres

      Hillsboro, OR 97123

      VACANT COMMERCIAL LAND • 0.09 Acres
      Hillsboro, OR 97123
      View Details

    Similar Nearby for Sale

    • $1,039,000

      Hazelnut Farm with Updated Residence

      Turnkey 16-acre hazelnut farm with irrigation and updated residence.
      17720 SW Hillsboro Hwy, Hillsboro, OR 97123
      View Details
    • $1,929,000

      Productive Hazelnut Farm with Water Rights

      44-acre Washington County farm with established hazelnut orchard.
      26050 SW Farmington Rd, Hillsboro, OR 97123
      View Details
    • $1,039,000

      Hazelnut Farm with Updated Residence

      Turnkey 16-acre hazelnut farm with irrigation and updated residence.
      17720 SW Hillsboro Hwy, Hillsboro, OR 97123
      View Details
    • $1,790,000

      Historic Vineyard Land with Cascade Views

      77-acre property with vineyard potential and Cascade Mountain views.
      16935 SW Holly Hill Rd, Hillsboro, OR 97123
      View Details
    • $1,885,000

      Hillsboro Land For Sale

      35.67 acres of land available in Hillsboro, Oregon.
      16900 SW Mcfee Pl, Hillsboro, OR 97123
      View Details
    • $349,999

      Vacant Lot with Mountain Views

      Stunning vacant lot with mountain and city views.
      22900 SW Holly Hill Rd, Hillsboro, OR 97123
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2 SF

      Graveled, Fenced Yard for Lease

      Graveled and fenced yard with excellent access and street presence.
      1733 Southwest Baseline St, Hillsboro, OR 97123
      View Details
    • Contact for pricing

      Commercial Land on Tualatin Valley Hwy

      Highly visible commercial land for rent on Tualatin Valley Hwy.
      5887-6005 SE Tualatin Valley Hwy, Hillsboro, OR 97123
      View Details
    • Contact for pricing

      Hillsboro Shop and Storage Acreage

      Shop and storage acreage available for lease in Hillsboro.
      15755 SW Hillsboro Hwy, Hillsboro, OR 97123
      View Details
    • Contact for pricing

      Functional Office Space on TV Hwy

      Newly renovated office space with open layout and highway visibility.
      2820 SE 58Th Ct, Hillsboro, OR 97123
      View Details
    • $36 SF/Yr

      Retail/Service/Restaurant Space in Hillsboro

      Retail, service, and restaurant spaces available in master-planned community.
      3405 SE Reed Dr, Hillsboro, OR 97123
      View Details
    • Contact for pricing
      2,297 SF

      Retail Space with Prominent Signage

      Commercial suite suitable for restaurant, wine, retail, or corner store.
      370 E Main St, Hillsboro, OR 97123
      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.
    Laurelwood District Ava Vineyard
    Hillsboro, OR 97123
    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
    Laurelwood District Ava Vineyard, Hillsboro, OR, 97123
    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!