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Property profile & analytics
OFF-MARKET
Estimated value
$4,500,000
Warehouses
1458 25th Ave, Hillsboro, OR 97124-5948
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0594478
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
24,300 SF
Lot
1.94 ac (84,506 SF)
Zoning code
I-P
APN
1N229DD-00400
UPID
US71-0594478
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
$4.50M
CAP Approach
CAP
$2.85M
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$4.50M
Owner & transaction history
Next Level Land LLC · 1 yrs held
Next Level Land LLC
since 2024
Last sale
$4.5M
6 recorded transactions
Zoning & alternative use
I-P · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.4M
+69.4%
Retail stores
$5.8M
+33.6%
Apartment house (5+ units)
$5.4M
+24.7%
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
Method
Estimation
Statistic approach
$4,500,000
ML approach
$4,500,000
CAP Approach
CAP Return
Estimation
6%
$3,085,000
6.5%
$2,850,000
7%
$2,645,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,345,000
Current use
RESTAURANT
$7,355,000
Change: +69% · Conversion: Difficult
RETAIL STORES
$5,800,000
Change: +34% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$5,415,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$4.50M
Range $4.05M – $4.95M · ±10% · vs last sale $4.50M (Jul 19 2024)
Last sale anchor
$4.50M
Jul 19 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$185 / SF
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
$16,961
Tax year 2023
Assessed value
$1,006,710
Assessed 2023
Previous assessed
$1,006,710
+0.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$1,083,790
Improvement market value
$2,479,030
Total market value
$3,562,820
Applied tax rate
7.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Buildings
2
Total area
24,300 SF
Lot
1.94 ac (84,506 SF)
Zoning code
I-P
APN
1N229DD-00400
UPID
US71-0594478
Jurisdiction
WASHINGTON
Zoning & alternative use
I-P · Hillsboro, OR
Zoning I-P · permitted uses
I-P · Hillsboro, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hillsboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$4.3M
RESTAURANT
Est. value
$7.4M
RETAIL STORES
Est. value
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
WAREHOUSE, STORAGE Current
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Buildings
2
Lot
1.94 ac
Current owner
From public records · entity-resolved
Next Level Land LLC
Entity
Mailing address
895 NE ADDISON CT, HILLSBORO, OR 97124-5839
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2024
$4,500,000
Next Level Land LLC
Molly Blue Enterprices LLC
Warranty Deed
—
Oct 8, 1996
$1,100,000
Ivan T Jones
National Northwest Fiberglass
Grant Deed
$977,223 · Seller
—
—
Ivan T Jones
—
Deed Of Trust
related
$200,000 · Us Bank NA
—
—
Ivan T Jones
—
Deed Of Trust
related
—
—
—
Ivan T Jones
—
Deed Of Trust
related
—
—
—
Ivan T Jones
—
Deed Of Trust
related
$800,000 · Us Bank NA
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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