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    1453 NE 61St Ave Hillsboro, OR 97124

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    1453 NE 61St Ave Hillsboro, OR 97124


    • Retail space
    • 29,547 SF
    • 0.72 lot acres
    Retail Space in Mixed-Use Development For Lease
    $10,200,000

    Retail Space in Mixed-Use Development

    Retail shop space available in award-winning suburban mixed-use development.

    1453 NE 61st Ave, Hillsboro, OR 97124
    View Listing
    Property ID
    US71-0613251
    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.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1453 NE 61St Ave

    Lot size
    0.72 lot acres
    Property size
    29,547 SF
    Zone code
    SCR-V
    Property type
    Retail space
    APN
    1N227DC-70011
    APU
    1N227DC70011

    Description

    This exceptional retail property, located at 1453 NE 61st Ave in Hillsboro, Oregon, presents a unique investment opportunity. Situated within the Orenco Station Town Center, this 16,222 square foot strip center offers two available suites, providing flexibility for various retail concepts. The property boasts high visibility and accessibility, benefiting from its location in a thriving mixed-use development. Individual suites range from a minimum of 1,972 square feet to a maximum contiguous space of 14,250 square feet, catering to a wide range of business needs. Currently, the entire 16,222 square feet is vacant, presenting a blank canvas for a single large tenant or the opportunity to lease to multiple tenants. The property is located in Washington County, Oregon, with a zip code of 97124. Its prime location within the Orenco Station Town Center ensures high foot traffic and exposure to a diverse customer base. This is an exceptional opportunity to establish a presence in a vibrant and rapidly growing community. The property's size and layout offer significant potential for customization and adaptation to suit specific business requirements. Don't miss this chance to secure a prominent retail space in a highly sought-after location.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,199,000
      Market price range: $5.19M - $10.2M
      AI Estimate
      $10,199,000
      Market price range: $5.19M - $10.2M
    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $7,055,000
      Current use
      MEDICAL BUILDING
      $9,420,000
      Change: +34% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $9,390,000
      Change: +33% Conversion: Easy
      RESTAURANT
      $8,945,000
      Change: +27% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $6,585,000
      Change: -7% Conversion: Difficult

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


    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -122.919
    Latitude
    45.5343
    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
    $96,278
    $0.00
    $0.00
    $5,714,630
    -
    $0.00
    $12,011,480
    $12,011,480
    View Listing
    More about this property
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