1400 48th Ave 400, Hillsboro, OR 97124-5102
This exceptional 49,058-square-foot mixed-use building presents a compelling investment opportunity in Hillsboro, Oregon. Located at 1400 NE 48th Ave, this two-story structure, built in 1994, sits on a 2.78-acre lot within an industrial park zoning district. The property features a blend of office, retail, and light industrial spaces, currently occupied by multiple tenants. The building boasts six grade-level bay doors and two loading docks, providing ample access for loading and unloading. High ceilings, airy entries, and substantial warehouse space contribute to its functionality. The asking price is $8,000,000, translating to $163.07 per square foot. This property offers a unique blend of uses, making it suitable for a variety of investment strategies. Its prime location across from a Hillsboro Costco further enhances its appeal and potential for strong returns. The building's size and versatile layout provide significant flexibility for future tenants and operational needs. This is a rare opportunity to acquire a substantial, well-located mixed-use property in a thriving Oregon market. The property's features include a total of 49,058 square feet of net rentable space, housed within a single building.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I-P · Hillsboro, ORHillsboro. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.