Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2844 Pacific Hwy Hubbard, OR 97032-9624
    Back to Search
    Property profile & analytics

    2844 Pacific Hwy, Hubbard, OR 97032-9624

    View on Map
    • Retail properties & Spaces
    • 4,900 SF
    • 0.59 lot acres
    Off-Market
    Property ID
    US71-0632305
    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.
    Value Estimations
    $715,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • oreKron - The Hub / Corporate Office

    Property Details for 2844 Pacific Hwy

    Year built
    1993
    Lot size
    0.59 lot acres
    Zone code
    IC
    Property type
    Retail properties & Spaces
    APN
    041W33DA07200
    APU
    041W33DA07200

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 6, 2014 $10,000 Demers Living Trust Demers,cynthia M Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $713,000
      Market price range: $414k - $1.16M
      AI Estimate
      $713,000
      Market price range: $414k - $1.16M

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $730,000
      Current use
      COMMERCIAL (GENERAL)
      $980,000
      Change: +34% Conversion: Difficult
      RETAIL STORES
      $965,000
      Change: +32% Conversion: Difficult
      WAREHOUSE, STORAGE
      $940,000
      Change: +29% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hubbard
    County
    Marion
    State
    Oregon
    Longitude
    -122.808
    Latitude
    45.1769
    CBSA code
    41420
    CBSA name
    SALEM, OR METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,399
    $0.00
    $0.00
    $289,910
    -
    $154,200
    $367,610
    $521,810

    Comparable in this City

    • Value Estimation by Request
      3,668 SF

      2795 Pacific Hwy 99th NE

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      2795 Pacific Hwy 99th NE, Hubbard, OR 97032
      View Details
    • Value Estimation
      $1,050,000
      6,256 SF

      4517 Pacific Hwy99e

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      4517 Pacific Hwy99e, Hubbard, OR 97032-9734
      View Details
    • Value Estimation by Request
      0.22 Acres

      3187 G St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      3187 G St, Hubbard, OR 97032-7001
      View Details
    • Value Estimation by Request
      2,992 SF

      11712 Broadacres Rd

      NURSERY, GREENHOUSE, FLORIST
      11712 Broadacres Rd, Hubbard, OR 97032-8631
      View Details
    • Value Estimation by Request
      3,496 SF

      2825 Pacific Hwy 99th NE

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      2825 Pacific Hwy 99th NE, Hubbard, OR 97032
      View Details
    • Value Estimation by Request
      2,160 SF

      3191 2nd St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      3191 2nd St, Hubbard, OR 97032-9545
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,200 SF

      Highway 99E Commercial Opportunity

      1.12 acre property with retail/warehouse space and shop buildings.
      18797 Highway 99E NE, Hubbard, OR 97032
      View Details
    • Contact for pricing

      Hubbard Aviation Property For Sale

      26.19 acre aviation property with 3,200 FT runway.
      29502 S Meridian Rd, Hubbard, OR 97032
      View Details
    • Contact for pricing
      31,000 SF

      Hubbard Industrial Investment Opportunity

      Rare industrial property with three buildings and value-add potential.
      17804 Shank Rd Northeast, Hubbard, OR 97032
      View Details
    • Contact for pricing
      85,695 SF

      Lenhardt Airpark For Sale

      Privately owned public use airport with development potential.
      29502 S Meridian Rd, Hubbard, OR 97032
      View Details
    • $619,900
      2,608 SF

      Remodeled Duplex in Hubbard, Oregon

      Recently remodeled duplex with immediate rental income in Hubbard.
      2143 Dorsey Dr, Hubbard, OR 97032
      View Details
    • $619,900
      2,608 SF

      Remodeled Duplex With Garages

      Recently remodeled duplex with two occupied units, open layouts, 1-car garages, and laundry hook-ups only.
      2143-2145 Dorsey Dr, Hubbard, OR 97032
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,250 SF

      Highway 99 Commercial Flex Space

      Commercial flex space with frontage on Highway 99.
      3884 Pacific Hwy, Hubbard, OR 97032
      View Details
    • $0.90 SF/Yr

      Industrial Space Near Highway 99E

      Industrial/warehouse space with easy access to Hwy 99E and I-5.
      2850 Industrial Ave, Hubbard, OR 97032
      View Details
    • Contact for pricing

      Hubbard Industrial Park Space Available

      Industrial space for lease in Marion County, near Portland.
      2834 Industrial Ave, Hubbard, OR 97032
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2844 Pacific Hwy
    Hubbard, OR 97032-9624
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2844 Pacific Hwy, Hubbard, OR, 97032
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!