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Property profile & analytics
OFF-MARKET
Commercial land
19230 Cornell Rd Hillsboro, OR 97124
Individually Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0156392
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1948
Construction
WOOD FRAME
Total area
1,110 SF
Lot
0.2 ac (8,712 SF)
Zoning code
MU-C
APN
1N236AB-00600
UPID
US71-0156392
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tanasbourne Place Townhomes Ll · 21 yrs held
Tanasbourne Place Townhomes Ll
since 2004
2 recorded transactions
Zoning & alternative use
MU-C · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$969
Tax year 2023
Assessed value
$53,760
Assessed 2023
Previous assessed
$52,200
+3.0% YoY
Effective rate
1.80%
On assessed value
Land market value
$99,700
Total market value
$99,700
Applied tax rate
51.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1948
Construction
WOOD FRAME
Heating
FORCED AIR
Bathrooms
1
Total area
1,110 SF
Lot
0.2 ac (8,712 SF)
Zoning code
MU-C
APN
1N236AB-00600
UPID
US71-0156392
Jurisdiction
WASHINGTON
Zoning & alternative use
MU-C · Hillsboro, OR
Zoning MU-C · permitted uses
MU-C · 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.
Building & site characteristics
From public records
Year built
1948
Construction
WOOD FRAME
Heating
FORCED AIR
Bathrooms
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Tanasbourne Place Townhomes Ll
Individual
Free & Clear · 21 yrs held
Mailing address
12891 NW MAJESTIC SEQUOIA WAY, PORTLAND, OR 97229-8559
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2004
—
Tanasbourne Place Townhomes Ll
Tanasbourne Place LLC
Quit Claim Deed
related
—
Oct 7, 2004
—
Tanasbourne Place Townhomes Ll
—
Grant Deed
related
$14,000,000 · 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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