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    Property profile & analytics

    1025 Main St Hillsboro, OR 97123-3745

    • Apartment buildings
    • 31,780 SF
    • 5.18 lot acres
    OFF-MARKET
    Last Sale
    Feb 10, 2025
    $7,200,000
    Value Estimations
    $7,485,000
    Show details
    Cap Rate Potential
    7.4%
    Apartment buildings
    Location Intelligence
    Property ID
    US71-0323065
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1025 Main St

    Lot size
    5.18 lot acres
    Property size
    31,780 SF
    Zone code
    MFR-2
    Property type
    Apartment buildings
    APN
    1N336DB-00700
    APU
    1N336DB00700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,545,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,800,000
      6.5%
      $6,280,000
      7%
      $5,830,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,341,000
      Market price range: $5.65M - $14.4M
      AI Estimate
      $9,341,000
      Market price range: $5.65M - $14.4M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $7,085,000
      Current use
      MEDICAL BUILDING
      $10,135,000
      Change: +43% Conversion: Moderate
      RESTAURANT
      $9,620,000
      Change: +36% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $8,120,000
      Change: +15% Conversion: Moderate
      RETAIL STORES
      $7,585,000
      Change: +7% Conversion: Difficult
      WAREHOUSE, STORAGE
      $5,680,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -123.002
    Latitude
    45.5233
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $56,993
    $0.00
    $0.00
    $3,382,870
    -
    $1,000,000
    $7,448,120
    $8,448,120

    Comparable in this City

    • Value Estimation by Request
      0.29 Acres

      1632 Walnut St, Unit 16

      APARTMENT HOUSE (5+ UNITS) • 0.29 Acres
      1632 Walnut St, Hillsboro, OR 97123-4866
      View Details
    • Value Estimation by Request
      24.94 Acres

      5302 Main St, Unit 363

      APARTMENT HOUSE (100+ UNITS) • 24.94 Acres
      5302 Main St, Hillsboro, OR 97123-6420
      View Details
    • Value Estimation by Request
      0.86 Acres

      1432 Main St, Unit 9

      APARTMENT HOUSE (5+ UNITS) • 0.86 Acres
      1432 Main St, Hillsboro, OR 97123-4376
      View Details
    • Value Estimation by Request
      0.73 Acres

      808 10th Ave

      APARTMENT HOUSE (5+ UNITS) • 0.73 Acres
      808 10th Ave, Hillsboro, OR 97123
      View Details
    • Value Estimation by Request
      0.14 Acres

      1625 Oak St

      APARTMENT HOUSE (5+ UNITS) • 0.14 Acres
      1625 Oak St, Hillsboro, OR 97123-4260
      View Details
    • Value Estimation by Request
      0.57 Acres

      547 8th Ave

      APARTMENT HOUSE (5+ UNITS) • 0.57 Acres
      547 8th Ave, Hillsboro, OR 97123-4581
      View Details

    Similar Nearby for Sale

    • $999,000
      1.09 Acres

      Hillsboro Mixed-Use Development Opportunity

      Mixed-use development opportunity near Reed's Crossing and Intel headquarters.
      SE Davis Rd, Hillsboro, OR 97123
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    • New
      $1,120,000
      2,652 SF

      Hillsboro Triplex Investment Opportunity

      Updated triplex near Pacific University, ideal for investors or owner-occupants.
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    • New
      $549,000
      2,373 SF

      Two Homes, One Spacious Lot

      Two move-in-ready homes on one lot, great value!
      635 SE Walnut St, Hillsboro, OR 97123
      View Details
    • $235,000
      1,004 SF

      Spacious Condo with Modern Amenities

      Three-bedroom, two-bathroom condo with fireplace, pool, and convenient location.
      2330 SE Brookwood Ave, Hillsboro, OR 97123
      View Details
    • $72,400

      Hillsboro Home in 55+ Park

      Three-bedroom, two-bath home in a pet-friendly 55+ community.
      2681 SE River Rd, Hillsboro, OR 97123
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    • $850,000

      Commercial Lot in High-Exposure Location

      Build-ready commercial lot in desirable, high-traffic Hillsboro location.
      Hillsboro, OR 97123
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,600 SF

      Hillsboro Automotive/Retail Space For Rent

      Auto/service/parts showroom and service areas available for rent.
      Hillsboro, OR 97123
      View Details
    • $14 SF/Yr
      10,369 SF

      Hillsboro Retail Building - 10,369 SF

      Prime Hillsboro retail space, corner location, A-class building.
      422 10Th Ave, Hillsboro, OR 97123
      View Details
    • Contact for pricing
      6,600 SF

      Hillsboro Auto Shop with Showroom

      Auto shop with showroom and service bays for lease.
      235 SW Oak St, Hillsboro, OR 97123
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Sunset Esplanade

      Retail space available in high-traffic Hillsboro shopping center.
      2105-2643 SE Tualatin Valley Hwy, Hillsboro, OR 97123
      View Details
    • Contact for pricing
      1,300 SF

      Neighborhood Shopping Center Retail Space

      Retail space available in established neighborhood shopping center.
      7410-7500 E Main St, Hillsboro, OR 97123
      View Details
    • Contact for pricing
      7,005 SF

      Hillsboro Office Space For Rent

      Centrally located office space in Hillsboro with high traffic.
      900-980 SE Oak St, Hillsboro, OR 97123
      View Details
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    1025 Main St
    Hillsboro, OR 97123-3745
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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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