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Property profile & analytics
FOR SALE
Theaters & concert halls
253 E Main St, Hillsboro, OR 97123
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US71-0533117
For Sale
1 / 16
$3,986,000
253 E Main St, Hillsboro, OR 97123
View Listing →
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Total area
14,827 SF
Lot
0.26 ac (11,326 SF)
Zoning code
SCC-DT
APN
1N231CC-01200
UPID
US71-0533117
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
$1.31M
Owner & transaction history
John Lee
John Lee
since 2026
7 recorded transactions
Zoning & alternative use
SCC-DT · 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
Method
Estimation
Statistic approach
$1,305,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,065,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±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
$88 / 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
$16,335
Tax year 2023
Assessed value
$969,560
Assessed 2023
Previous assessed
$941,330
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$283,720
Improvement market value
$1,389,720
Total market value
$1,673,440
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
For Sale
Heating
NONE
Total area
14,827 SF
Lot
0.26 ac (11,326 SF)
Zoning code
SCC-DT
APN
1N231CC-01200
UPID
US71-0533117
Jurisdiction
WASHINGTON
Zoning & alternative use
SCC-DT · Hillsboro, OR
Zoning SCC-DT · permitted uses
SCC-DT · 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
AUTO REPAIR, GARAGE
Est. value
$2.1M
AUTO REPAIR, GARAGE
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
0.26 ac
Current owner
From public records · entity-resolved
John Lee
Individual
Mailing address
2900 NE CENTURY BLVD STE #100, HILLSBORO, OR 97124-7324
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2026
—
John Lee
Venetian Property LLC
Bargain & Sale Deed
—
Oct 31, 2024
—
Venetian Property LLC
—
Deed
related
$850,000 · Inroads FCU
Apr 21, 2020
$1,250,000
Venetian Property LLC
Iheritage Bank
Bargain And Sale Deed
$1,000,000 · Inroads FCU
Sep 25, 2017
—
Premier Cmnty Bk
Inheritance Holding Co LLC
Deed In Lieu Of Foreclosure
related
—
Sep 14, 2010
—
Inheritance Holding Co LLC
—
Trustees Deed
related
$42,377 · Columbia Community Bank
Apr 21, 2009
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Apr 9, 2008
—
Inheritance Holding Co LLC
—
Trustees Deed
related
$750,000 · Columbia Community Bank
Aug 20, 2007
—
Nshe Harbor LLC
City Of Hillsboro
Grant Deed
related
—
—
—
Inheritance Holding Co LLC
—
Deed Of Trust
related
$200,000 · Columbia Community Bank
—
—
Inheritance Holding Co LLC
—
Deed Of Trust
related
$42,377 · Columbia Community Bank
—
—
Inheritance Holding Co LLC
—
Deed Of Trust
related
$42,377 · Columbia Community Bank
—
—
Inheritance Holding Co LLC
—
Deed Of Trust
related
$42,377 · Columbia Community Bank
—
—
Denzil Scheller
—
Deed Of Trust
related
$160,000 · Private Lender
—
—
Inheritance Holding Co LLC
—
Deed Of Trust
related
—
—
—
Inheritance Holding LLC
—
Deed Of Trust
related
—
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?”
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