1400 48th Ave, Unit 400 Hillsboro, OR 97124-5102
Property profile & analytics
1400 48th Ave, Unit 400 Hillsboro, OR 97124-5102
- Warehouses
- 49,058 SF
- 2.78 lot acres
Property ID
US71-1832823
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.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 1400 48th Ave
- Year built
- 1994
- Lot size
- 2.78 lot acres
- Property size
- 49,058 SF
- Zone code
- I-P
- Property type
- Warehouses
- APN
- 1N228DD-00300
- APU
- 1N228DD00300
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $6,412,000
- AI Estimate
- $6,412,000
Market price range: $5.89M - $11.9MMarket price range: $5.89M - $11.9M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $8,550,000 Current use
- RETAIL STORES
- $10,975,000 Change: +28% Conversion: Moderate
- APARTMENT HOUSE (5+ UNITS)
- $10,900,000 Change: +27% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $7,970,000 Change: -7% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hillsboro
- County
- Washington
- State
- Oregon
- Longitude
- -122.933
- Latitude
- 45.5356
- 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
$45,852
$0.00
$0.00
$2,721,580
-
$1,708,350
$6,505,800
$8,214,150
