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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    26975 NW Meek Rd Hillsboro, OR 97124

    • Commercial real estate
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0957046
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 26975 NW Meek Rd

    Property type
    Commercial real estate

    Description

    This exceptional 33.79-acre parcel presents a rare opportunity for industrial development within the highly sought-after Hillsboro market. Currently located inside the Urban Growth Boundary (UGB), this property is slated for annexation into the City of Hillsboro. Upon annexation, the land will be zoned Industrial Sanctuary (I-S), opening the door to a wide range of industrial uses. The property's strategic location at 26975 NW Meek Rd, Hillsboro, Oregon, 97124 (Washington County) offers easy access to major transportation arteries, making it an ideal site for businesses requiring efficient logistics and distribution networks. The precise coordinates are 45.5702726 latitude and -122.9536468 longitude. This significant landholding provides developers with the potential to create a substantial industrial complex, catering to the growing demands of the region's thriving economy. The I-S zoning designation ensures compatibility with a variety of industrial projects, promising a streamlined development process. Investors seeking a prime location with future zoning certainty will find this property particularly attractive. Don't miss this chance to secure a substantial piece of land in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -122.9536468
    Latitude
    45.5702726

    Comparable in this City

    • Contact for pricing

      New Industrial Development in Hillsboro

      New industrial development in Hillsboro Corporate Park, Summer 2026 occupancy.
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      388,958 SF

      Hillsboro Industrial Park Investment

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    • $1,500,000
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      Hillsboro Industrial/Office Buildings For Sale

      Three adjacent buildings with industrial, office, and residential space.
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    • $450,000
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      Flexible Commercial Condo with Garage

      Adaptable commercial condo featuring retail-style office and roll-up garage door.
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      388,958 SF

      Sewell Corporate Park: Hillsboro Industrial

      Modern Industrial Campus; 388,958 SF
      4700 273Rd Ave, Hillsboro, OR 97124
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    • $1,100,000
      6,632 SF

      Hillsboro Light Manufacturing Facility

      6,632 SF Industrial Building - $1.1M
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    Similar Nearby for Sale

    • Contact for pricing

      New Industrial Development in Hillsboro

      New industrial development in Hillsboro Corporate Park, Summer 2026 occupancy.
      2625 NE Huffman Rd, Hillsboro, OR 97124
      View Details
    • Contact for pricing
      388,958 SF

      Hillsboro Industrial Park Investment

      New Construction Warehouse/Manufacturing Space
      4630 Sewell Ave, Hillsboro, OR 97124
      View Details
    • $1,500,000
      7,808 SF

      Hillsboro Industrial/Office Buildings For Sale

      Three adjacent buildings with industrial, office, and residential space.
      341 NE Lincoln St, Hillsboro, OR 97124
      View Details
    • Contact for pricing

      Prime Industrial Development Site

      Largest industrial development site in Portland Metro's technology corridor.
      6000 Northwest Jackson School Rd, Hillsboro, OR 97124
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      Hillsboro Industrial Development Site

      Largest industrial development site in the Portland Metro area.
      5775 NE 26Th Ct, Hillsboro, OR 97124
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    • $450,000
      1,744 SF

      Flexible Commercial Condo with Garage

      Adaptable commercial condo featuring retail-style office and roll-up garage door.
      5291 NE Elam Young Pkwy, Hillsboro, OR 97124
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
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      Hillsboro Warehouse Space Available

      Modern warehouse units, flexible leases.
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    • $15 SF/Yr
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      Hillsboro Industrial Space For Lease

      18,249 SF industrial space with office near Intel.
      2925 Northeast Aloclek Dr, Hillsboro, OR 97124
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    • $0.90 SF/Yr
      1,525 SF

      Hillsboro Flex Space For Rent

      Flex space available in Sunset Corridor location near MAX station.
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    • $19 SF/Yr
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      Hillsboro Flex Office Space

      Class A flex office park in Sunset Corridor.
      8760 NE Evergreen Pkwy, Hillsboro, OR 97124
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      19,394 SF

      Hillsboro Industrial/Flex Space Available

      Industrial/flex space in the heart of the Silicon Forest.
      7205 NE Evergreen Pkwy, Hillsboro, OR 97124
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    • $1.30 SF/Yr
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      Hillsboro Flex Space Available

      Flex space with grade loading door and signage exposure.
      2460 NE Griffin Oaks St, Hillsboro, OR 97124
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    26975 NW Meek Rd
    Hillsboro, OR 97124
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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