New search
Property profile & analytics
FOR SALE
Warehouses
2130 NE Griffin Oaks St, Hillsboro, OR 97224
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0071784
No photos on file
For Sale
$3,470,000
2130 NE Griffin Oaks St, Hillsboro, OR 97224
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Total area
14,080 SF
Lot
2.3 ac (100,188 SF)
Zoning code
I-P
APN
1N229DB-00400
UPID
US71-0071784
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
$3.49M
Blend (final)
Blend
$3.47M
Owner & transaction history
Laurel River LLC · 4 yrs held
Laurel River LLC
since 2022
Last sale
$3.5M
6 recorded transactions
Zoning & alternative use
I-P · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.5M
+78.4%
Commercial (general)
$4.5M
+77.8%
Restaurant
$4.3M
+69.4%
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
$2,670,000
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
$2,515,000
Current use
MEDICAL BUILDING
$4,490,000
Change: +78% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,475,000
Change: +78% · Conversion: Difficult
RESTAURANT
$4,260,000
Change: +69% · Conversion: Difficult
RETAIL STORES
$3,360,000
Change: +34% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,140,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$3.47M
Range $3.12M – $3.82M · ±10% · vs last sale $3.45M (May 17 2022)
Last sale anchor
$3.45M
May 17 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
$246 / 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
$37,592
Tax year 2023
Assessed value
$2,231,310
Assessed 2023
Previous assessed
$2,166,330
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$1,413,430
Improvement market value
$1,562,990
Total market value
$2,976,420
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
For Sale
Heating
NONE
Total area
14,080 SF
Lot
2.3 ac (100,188 SF)
Zoning code
I-P
APN
1N229DB-00400
UPID
US71-0071784
Jurisdiction
WASHINGTON
Zoning & alternative use
I-P · Hillsboro, OR
Zoning I-P · permitted uses
I-P · 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
WAREHOUSE, STORAGE Current
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.5M
RESTAURANT
Est. value
$4.3M
RETAIL STORES
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
Heating
NONE
Lot
2.3 ac
Current owner
From public records · entity-resolved
Laurel River LLC
Entity
Mailing address
8910 SE FULLER RD, HAPPY VALLEY, OR 97086-3610
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 17, 2022
$3,450,000
Laurel River LLC
Griffin Oaks Management LLC
Warranty Deed
$1,725,000 · Heritage Southeast Bank
Oct 14, 2015
—
Griffin Oaks Management LLC
—
Trustees Deed
related
$200,000 · Latin Lending Group INC Latin Lending Group INC
Aug 4, 2015
$2,350,000
Griffin Oaks Management LLC
Griffin Oaks Property Investments L
Warranty Deed
$1,700,000 · Lewis & Clark Bank
Oct 25, 2005
$1,450,000
Griffin Oaks Property Investments L
Griffin Oaks Business Park LLC
Warranty Deed
$1,120,000 · Pinnacle Bank Of Oregon
—
—
Griffin Oaks Property Invs LLC
—
Deed Of Trust
related
$145,000 · Riverview Cmnty Bk
—
—
Griffin Oaks Property Invs LLC
—
Deed Of Trust
related
$1,640,000 · Riverview 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
