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Property profile & analytics
OFF-MARKET
Estimated value
$1,560,000
Office Spaces
165 26th Ave Hillsboro, OR 97123-7024
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-0655640
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2004
Total area
5,241 SF
Lot
0.35 ac (15,246 SF)
Zoning code
C-N
APN
1S205AB-02301
UPID
US71-0655640
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
by Request
CAP Approach
CAP
$1.27M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.56M
Owner & transaction history
Harris Law Firm PC · 3 yrs held
Harris Law Firm PC
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
C-N · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.7M
+24.8%
Restaurant
$1.6M
+18.5%
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
$1,225,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,375,000
6.5%
$1,270,000
7%
$1,180,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,340,000
Current use
MEDICAL BUILDING
$1,670,000
Change: +25% · Conversion: Easy
RESTAURANT
$1,585,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$1,250,000
Change: -7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,170,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.56M
Range $1.40M – $1.72M · ±10% · vs last sale $1.58M (Jun 22 2022)
Last sale anchor
$1.58M
Jun 22 2022
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
$298 / 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
$11,618
Tax year 2023
Assessed value
$689,610
Assessed 2023
Previous assessed
$669,530
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$239,550
Improvement market value
$1,180,670
Total market value
$1,420,220
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2004
Heating
NONE
Total area
5,241 SF
Lot
0.35 ac (15,246 SF)
Zoning code
C-N
APN
1S205AB-02301
UPID
US71-0655640
Jurisdiction
WASHINGTON
Zoning & alternative use
C-N · Hillsboro, OR
Zoning C-N · permitted uses
C-N · 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
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.7M
RESTAURANT
Est. value
$1.6M
RETAIL STORES
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
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
Year built
2004
Heating
NONE
Lot
0.35 ac
Current owner
From public records · entity-resolved
Harris Law Firm PC
Individual
Mailing address
165 SE 26TH AVE, HILLSBORO, OR 97123-7024
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2022
—
Harris Law Firm PC
Vgb LLC
Lease
$659,000 · Northwest Business Development Assn
Jun 22, 2022
$1,580,000
Vgb LLC
Harris Properties LLC
Warranty Deed
$638,760 · Heritage Southeast Bank
Feb 22, 1994
$37,500
Krussman Trust
Glesmann,howard
Grant Deed
—
Jan 22, 1992
$22,250
Howard C Glesmann
Unknown
Grant Deed
—
—
—
Harris Properties LLC
—
Loan Modification
related
$720,000 · Premier Cmnty Bk
—
—
Harris Properties LLC
—
Deed Of Trust
related
$480,218 · Columbia Community Bank
—
—
Harris Properties LLC
—
Deed Of Trust
related
$486,000 · Columbia Community Bank
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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