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    2200 Baseline St Cornelius, OR 97113
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    Property profile & analytics

    2200 Baseline St, Cornelius, OR 97113

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    • Neighborhood centers
    • 179,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Western Union / Bank / Credit Union
    • Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service
    • KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store
    • SNOWFOX Sushi / Take-out & Catering
    • higi / Physician

    Property Details for 2200 Baseline St

    Year built
    1983
    Property type
    Neighborhood centers
    Property subtype
    Community centers

    Description

    This exceptional retail opportunity is located within the thriving Fred Meyer-anchored shopping center at 2200 E Baseline St in Cornelius, Oregon (zip code 97113). The property, built in 1983, offers a total of 179,000 square feet of retail space, categorized as a neighborhood center with multiple tenancies. Currently, two suites are available for lease, providing flexible options for businesses of varying sizes. Suite 03 boasts 405 square feet, while Suite 06 offers a more substantial 1,240 square feet of contiguous space. The minimum divisible space is 405 square feet, allowing for adaptability to diverse business needs. A total of 2,643 square feet is currently vacant, presenting a unique chance to establish a presence in a well-established commercial area within Washington County. The property's strategic location within a bustling shopping center ensures high visibility and foot traffic, making it an ideal location for a variety of retail businesses. Lease rates are available upon request. This is a rare opportunity to secure prime retail space in a high-traffic location. Inquire today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cornelius
    County
    Washington
    State
    Oregon
    Longitude
    -123.044
    Latitude
    45.5218

    Comparable in this City

    • Value Estimation
      $7,225,000
      169,970 SF

      2222 Baseline St

      SHOPPING CENTER, STRIP CENTER
      2222 Baseline St, Cornelius, OR 97113-8616
      View Details
    • Value Estimation by Request
      55,715 SF

      1655 Adair St

      SHOPPING CENTER, STRIP CENTER
      1655 Adair St, Cornelius, OR 97113-8810
      View Details
    • Value Estimation by Request
      3,000 SF

      442 Baseline St

      Individual retail properties
      442 Baseline St, Cornelius, OR 97113
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    • Value Estimation by Request
      1,500 SF

      1860 Adair St

      AUTO REPAIR, GARAGE
      1860 Adair St, Cornelius, OR 97113-8204
      View Details
    • Value Estimation
      $1,135,000
      3,776 SF

      2245 Baseline St

      RETAIL STORES (PERSONAL SERVICES)
      2245 Baseline St, Cornelius, OR 97113-8617
      View Details
    • Value Estimation
      $1,375,000
      3,180 SF

      2246 Baseline St

      DRIVE-THRU RESTAURANT, FAST FOOD
      2246 Baseline St, Cornelius, OR 97113-8616
      View Details

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    Similar Nearby for Lease

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      Retail Space in Cornelius Center

      Retail suites available in Fred Meyer-anchored shopping center in Cornelius.
      2200 E Baseline St, Cornelius, OR 97113
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      Retail Suites in Cornelius, OR

      Retail suites available in Fred Meyer-anchored center in Cornelius, OR.
      2200 E Baseline St, Cornelius, OR 97113
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      Commercial Pad Site For Lease

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      Cornelius Warehouse Space Available

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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.

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