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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Retail space
1853 Cornell Rd Ste C Hillsboro, OR 97124-2861
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0688603
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1996
Total area
3,740 SF
Lot
0.36 ac (15,682 SF)
Zoning code
C-G
APN
1N232BA-00900
UPID
US71-0688603
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
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.04M
Owner & transaction history
Hun Kim · 12 yrs held
Hun Kim
since 2013
7 recorded transactions
Zoning & alternative use
C-G · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-G zone implements the Commercial Comprehensive Plan designation, providing opportunities for all types of retail, service, and office commercial Uses in a variety of locations throughout the City
Zone name
Commercial General
General category
COMMERCIAL
Zone area
830.89 ac
Source
Realmo
Top alternative use upside
Medical building
$1.2M
+33.6%
Commercial (general)
$1.2M
+33.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$895,000
Current use
MEDICAL BUILDING
$1,190,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,190,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10%
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
$277 / 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
$9,228
Tax year 2023
Assessed value
$547,740
Assessed 2023
Previous assessed
$531,790
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$361,000
Improvement market value
$497,260
Total market value
$858,260
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1996
Heating
NONE
Bathrooms
1
Total area
3,740 SF
Lot
0.36 ac (15,682 SF)
Zoning code
C-G
APN
1N232BA-00900
UPID
US71-0688603
Jurisdiction
WASHINGTON
Zoning & alternative use
C-G · Hillsboro, ORZoning C-G · permitted uses
C-G · Hillsboro, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-G zone implements the Commercial Comprehensive Plan designation, providing opportunities for all types of retail, service, and office commercial Uses in a variety of locations throughout the City
Zone name
Commercial General
General category
COMMERCIAL
Zone area
830.89 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$895,000
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1996
Heating
NONE
Bathrooms
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
Hun Kim
Individual
Mailing address
7163 NE RDG DR, HILLSBORO, OR 97124-5161
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Nov 26, 2013
$525,000
Hun Kim
Garment Graphics INC
Warranty Deed
$250,000 · Us Bank NA
May 5, 1999
—
Garment Graphics INC
—
Grant Deed
related
$410,479 · Money Store Commercial Mtg
Aug 17, 1995
$124,800
Garment Graphics INC
Borgaard,norman A & Joyce M
Trustees Deed
$304,500 · Money Store Investment Corp
Aug 17, 1995
—
Garment Graphics INC
Rush,richard L & Lori B
Quit Claim Deed
related
—
—
—
Garment Graphics INC
—
Deed Of Trust
related
$310,000 · Us Bank NA
—
—
Garment Graphics INC
—
Deed Of Trust
related
$100,000 · Us Bank NA
—
—
Garment Graphics INC
—
Deed Of Trust
related
$375,000 · 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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