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Property profile & analytics
OFF-MARKET
Strip malls
10200 Cornell Rd Hillsboro, OR 97124-9213
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0448692
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2007
Construction
WOOD FRAME
Total area
15,165 SF
Lot
2.47 ac (107,593 SF)
Zoning code
MU-C
APN
1N236AB-00700
UPID
US71-0448692
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Iwasaki Holding LLC · 7 yrs held
Iwasaki Holding LLC
since 2018
7 recorded transactions
Zoning & alternative use
MU-C · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The MU-C zone implements the Mixed-Use Comprehensive Plan designation, providing opportunities to develop a mixture of larger scale commercial and residential uses on sites that are considerably larger than those located within MU-N zones, Mixed use developments may occur vertically in the same structure, or horizontally side by side in the same development…
Zone name
Mixed Use Commercial
General category
MIXED_USE
Zone area
34.10 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hillsboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hillsboro submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$72,717
Tax year 2023
Assessed value
$4,033,010
Assessed 2023
Previous assessed
$3,915,550
+3.0% YoY
Effective rate
1.80%
On assessed value
Land market value
$2,816,580
Improvement market value
$5,057,450
Total market value
$7,874,030
Applied tax rate
51.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2007
Construction
WOOD FRAME
Heating
FORCED AIR
Buildings
2
Bathrooms
2
Total area
15,165 SF
Lot
2.47 ac (107,593 SF)
Zoning code
MU-C
APN
1N236AB-00700
UPID
US71-0448692
Jurisdiction
WASHINGTON
Zoning & alternative use
MU-C · Hillsboro, ORZoning MU-C · permitted uses
MU-C · Hillsboro, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The MU-C zone implements the Mixed-Use Comprehensive Plan designation, providing opportunities to develop a mixture of larger scale commercial and residential uses on sites that are considerably larger than those located within MU-N zones, Mixed use developments may occur vertically in the same structure, or horizontally side by side in the same development but not necessarily on the same parcel
Zone name
Mixed Use Commercial
General category
MIXED_USE
Zone area
34.10 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2007
Construction
WOOD FRAME
Heating
FORCED AIR
Buildings
2
Bathrooms
2
Lot
2.47 ac
Current owner
From public records · entity-resolved
Iwasaki Holding LLC
Entity
Free & Clear · 7 yrs held
Mailing address
12891 NW MAJESTIC SEQUOIA WAY, PORTLAND, OR 97229-8559
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 4, 2018
—
Iwasaki Holding LLC
Iwasaki Arthur Trust
Quit Claim Deed
related
—
Nov 30, 2006
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Nov 13, 2006
—
Iwasaki Trust
Iwasaki Teruko T Trust
Quit Claim Deed
related
—
Oct 6, 2006
—
Iwasaki Teruko T Trust
Iwasaki,teruko T
Quit Claim Deed
related
—
Aug 31, 2004
$1,450,000
Tanasbourne Place Townhomes Ll
Iwasaki,arthur & Teruko T
Warranty Deed
—
Aug 19, 2003
$1,100,000
Tanasbourne Place LLC
Iwasaki,arthur & Teruko T
Grant Deed
—
—
—
Arthur Iwasaki
—
Deed Of Trust
related
$650,000 · West Coast Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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