Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    153 43rd Ave Hillsboro, OR 97124-7539
    Back to Search
    Property profile & analytics

    153 43rd Ave, Hillsboro, OR 97124-7539

    View on Map
    • Retail space
    • 13,755 SF
    • 1.35 lot acres
    Off-Market
    Property ID
    US71-0521363
    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
    $4,750,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 153 43rd Ave

    Year built
    2007
    Lot size
    1.35 lot acres
    Zone code
    C-N
    Property type
    Retail space
    APN
    1N233CD-07200
    APU
    1N233CD07200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 23, 2012 — Kook J Son Son Properties LLC Quit Claim Deed · related —
    Jul 16, 2007 — Son Properties LLC Son,kookja Quit Claim Deed · related $1.6M · Lehman Brothers Bank Fsb
    — — Kook J Son — Deed Of Trust · related $1.7M · Aurora Bank Fsb
    — — Kookja Son — Deed Of Trust · related $1.7M · Key Bank & Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,748,000
      Market price range: $2.42M - $4.75M
      AI Estimate
      $4,748,000
      Market price range: $2.42M - $4.75M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,285,000
      Current use
      MEDICAL BUILDING
      $4,385,000
      Change: +34% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,370,000
      Change: +33% Conversion: Easy
      RESTAURANT
      $4,165,000
      Change: +27% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,065,000
      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
    -122.939
    Latitude
    45.5204
    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
    $52,681
    $0.00
    $0.00
    $3,126,940
    -
    $868,870
    $4,695,500
    $5,564,370

    Comparable in this City

    • Value Estimation
      $1,315,000
      3,805 SF

      2401 Cornell Rd Ste Z

      RETAIL STORES (PERSONAL SERVICES)
      2401 Cornell Rd Ste Z, Hillsboro, OR 97124-5979
      View Details
    • Value Estimation
      $5,385,000
      15,606 SF

      7350 Cornell Rd

      RETAIL STORES (PERSONAL SERVICES)
      7350 Cornell Rd, Hillsboro, OR 97124-5426
      View Details
    • Value Estimation by Request
      0.42 Acres

      22055 Imbrie Dr, Unit 22135

      RETAIL STORES (PERSONAL SERVICES)
      22055 Imbrie Dr, Hillsboro, OR 97124
      View Details
    • Value Estimation
      $2,665,000
      13,000 SF

      809 28th Ave

      RETAIL STORES (PERSONAL SERVICES)
      809 28th Ave, Hillsboro, OR 97124-6279
      View Details
    • Value Estimation
      $30,895,000
      175,720 SF

      7385 Imbrie Dr

      RETAIL STORES (PERSONAL SERVICES)
      7385 Imbrie Dr, Hillsboro, OR 97124-7595
      View Details
    • Value Estimation
      $4,625,000
      13,400 SF

      1415 61st Ave

      RETAIL STORES (PERSONAL SERVICES)
      1415 61st Ave, Hillsboro, OR 97124-5117
      View Details

    Similar Nearby for Sale

    • $699,000
      3,197 SF

      Downtown Hillsboro Commercial Building For Sale

      3,197 SF commercial building in the heart of Hillsboro.
      126 NE 2Nd Ave, Hillsboro, OR 97124
      View Details
    • $628,000
      1,887 SF

      Prime Sunset Corridor Commercial Space

      Two-level commercial space in a dynamic, sought-after business hub.
      3463 NE John Olsen Ave, Hillsboro, OR 97124
      View Details
    • Contact for pricing
      36,000 SF

      Hillsboro Industrial Space Available

      36,000 SqFt industrial space for sale in Hillsboro, Oregon.
      4282 NE 30Th Ave, Hillsboro, OR 97124
      View Details
    • Contact for pricing
      388,958 SF

      New Industrial Development in Hillsboro

      New industrial development with ample loading and parking.
      4630 Ne Sewell Ave, Hillsboro, OR 97124
      View Details
    • Contact for pricing

      Corner Lot in Hillsboro, OR

      Rare corner lot with utilities in Hillsboro, Oregon.
      Hillsboro, OR 97124
      View Details
    • Contact for pricing
      2,077 SF

      Hillsboro Office Space Opportunity

      Clean, ready-to-use office space in a rapidly growing area.
      5295 NE Elam Young Pkwy, Hillsboro, OR 97124
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,606 SF

      Retail Space in Hillsboro Mall

      Retail space available in established shopping center near Nike campus.
      2280 NE Allie Ave, Hillsboro, OR 97124
      View Details
    • Contact for pricing
      1,450 SF

      Retail Space in Hillsboro Center

      Retail space with high foot traffic near transit corridor.
      873 NE 25Th Ave, Hillsboro, OR 97124
      View Details
    • Contact for pricing
      6,500 SF

      Retail Space in Tanasbourne Trade

      Retail space with high visibility in a vibrant economic corridor.
      10645 NE Tanasbourne Dr, Hillsboro, OR 97124
      View Details
    • Contact for pricing
      2,734 SF

      Retail Space in Orenco Station

      Second generation retail space available in Nexus at Orenco Station.
      1299 NE Orenco Station Pkwy, Hillsboro, OR 97124
      View Details
    • Contact for pricing
      2,400 SF

      Retail Pads in Tanasbourne Area

      Future build-to-suit retail pads in high-traffic Tanasbourne trade area.
      2790 NE 106Th Ave, Hillsboro, OR 97124
      View Details
    • Contact for pricing

      Hillsboro Retail/Restaurant Space Available

      Second generation retail and restaurant space in high-traffic shopping center.
      10050 NE Emma Way, Hillsboro, OR 97124
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    153 43rd Ave
    Hillsboro, OR 97124-7539
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    153 43rd Ave, Hillsboro, OR, 97124
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!