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Property profile & analytics
OFF-MARKET
Estimated value
$10,310,000
Warehouses
205 Spg St Hillsboro, OR 97123-5636
Individually Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0616449
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
83,012 SF
Lot
2.54 ac (110,642 SF)
Zoning code
I-G
APN
1S301AD-05100
UPID
US71-0616449
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
$10.31M
Blend (final)
Blend
$10.31M
Owner & transaction history
Frank Cardinaux · 19 yrs held
Frank Cardinaux
since 2007
1 recorded transaction
Zoning & alternative use
I-G · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I-G zone implements the Industrial Comprehensive Plan designation primarily near the downtown or at locations on freight routes, providing opportunities for all types of manufacturing, warehouse, and wholesale industrial uses, and retail, service, and office commercial uses
Zone name
Industrial General
General category
INDUSTRIAL
Zone area
1,406.95 ac
Source
Realmo
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
WAREHOUSE, STORAGE
$14,835,000
Current use
Blend value · Realmo final
$10.31M
Range $9.28M – $11.34M · ±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
$124 / 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
$79,069
Tax year 2023
Assessed value
$4,693,200
Assessed 2023
Previous assessed
$4,175,970
+12.4% YoY
Effective rate
1.68%
On assessed value
Land market value
$469,900
Improvement market value
$4,223,300
Total market value
$4,693,200
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
Total area
83,012 SF
Lot
2.54 ac (110,642 SF)
Zoning code
I-G
APN
1S301AD-05100
UPID
US71-0616449
Jurisdiction
WASHINGTON
Zoning & alternative use
I-G · Hillsboro, ORZoning I-G · permitted uses
I-G · Hillsboro, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I-G zone implements the Industrial Comprehensive Plan designation primarily near the downtown or at locations on freight routes, providing opportunities for all types of manufacturing, warehouse, and wholesale industrial uses, and retail, service, and office commercial uses
Zone name
Industrial General
General category
INDUSTRIAL
Zone area
1,406.95 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$14.8M
WAREHOUSE, STORAGE Current
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
Lot
2.54 ac
Current owner
From public records · entity-resolved
Frank Cardinaux
Individual
Free & Clear · 19 yrs held
Mailing address
380 SE WASHINGTON ST, HILLSBORO, OR 97123-4025
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2007
$950,000
Frank Cardinaux
Merj LLC
Warranty Deed
—
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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