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Property profile & analytics
OFF-MARKET
Strip malls
1297 185th Ave Hillsboro, OR 97006-1947
Entity Owned
18-yr Hold
Free & Clear
Property ID
US71-0985157
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Lot
4.06 ac (176,854 SF)
Zoning code
C-G
APN
1N236AD-00700
UPID
US71-0985157
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
Sunset II LLC · 18 yrs held
Sunset II LLC
since 2007
7 recorded transactions
Zoning & alternative use
C-G · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-G zone implements the Commercial Comprehensive Plan designation, providing opportunities for all types of retail, service, and office commercial Uses in a variety of locations throughout the City
Zone name
Commercial General
General category
COMMERCIAL
Zone area
830.89 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
$99,269
Tax year 2023
Assessed value
$5,505,650
Assessed 2023
Previous assessed
$5,345,300
+3.0% YoY
Effective rate
1.80%
On assessed value
Land market value
$5,206,050
Improvement market value
$3,230,090
Total market value
$8,436,140
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
Heating
NONE
Lot
4.06 ac (176,854 SF)
Zoning code
C-G
APN
1N236AD-00700
UPID
US71-0985157
Jurisdiction
WASHINGTON
Zoning & alternative use
C-G · Hillsboro, ORZoning C-G · permitted uses
C-G · Hillsboro, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-G zone implements the Commercial Comprehensive Plan designation, providing opportunities for all types of retail, service, and office commercial Uses in a variety of locations throughout the City
Zone name
Commercial General
General category
COMMERCIAL
Zone area
830.89 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
4.06 ac
Current owner
From public records · entity-resolved
Sunset II LLC
Entity
Free & Clear · 18 yrs held
Mailing address
PO BOX 529, EUGENE, OR 97440-0529
Ownership since
2007
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
May 10, 2019
—
Sunset II LLC
—
Deed
related
$9,064,584 · Wells Fargo Fin'l Nat'l Bk
Oct 28, 2014
—
Sunset 185 LLC
—
Loan Modification
related
$10,350,000 · Wells Fargo Bk
Oct 30, 2009
—
Sunset II LLC
—
Deed Of Trust
related
$11,320,000 · Wells Fargo Bk/tx
Sep 14, 2007
$4,882,000
Sunset II LLC
New Albertsons INC
Grant Deed
—
Jun 12, 2006
—
New Albertsons INC
Albertsons LLC
Quit Claim Deed
related
—
May 24, 2006
$3,160,000
Albertsons INC
Atlantic Trust Company NA
Grant Deed
—
—
—
Sunset II LLC
—
Loan Modification
related
$9,064,584 · Wells Fargo Fin'l Nat'l Bk
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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