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Property profile & analytics
OFF-MARKET
Retail space
2999 73rd Ave Hillsboro, OR 97123-6225
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US71-0585011
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
8,522 SF
Lot
2.02 ac (87,991 SF)
Zoning code
C-G
APN
1S210AD-01200
UPID
US71-0585011
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
by Request
Owner & transaction history
Cascade Ridge Of Madras LLC · 6 yrs held
Cascade Ridge Of Madras LLC
since 2020
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
C-G · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$52,266
Tax year 2023
Assessed value
$3,102,310
Assessed 2023
Previous assessed
$3,011,960
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$2,170,740
Improvement market value
$3,905,770
Total market value
$6,076,510
Applied tax rate
29.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Buildings
3
Total area
8,522 SF
Lot
2.02 ac (87,991 SF)
Zoning code
C-G
APN
1S210AD-01200
UPID
US71-0585011
Jurisdiction
WASHINGTON
Zoning & alternative use
C-G · Hillsboro, OR
Zoning C-G · permitted uses
C-G · 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.
Building & site characteristics
From public records
Heating
NONE
Buildings
3
Lot
2.02 ac
Current owner
From public records · entity-resolved
Cascade Ridge Of Madras LLC
Entity
Mailing address
PO BOX 654, WEST LINN, OR 97068-0654
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2020
$6,350,000
Cascade Ridge Of Madras LLC
Hillsboro Partners LLC
Warranty Deed
$3,900,000 · Opus Bank
Apr 27, 2012
—
Hillsboro Partners LLC
Handris Properties LLC
Grant Deed
$3,150,000 · Banner Bank
Dec 28, 2006
—
Handris Properties LLC
Handris Properties LLC
Quit Claim Deed
related
$3,805,000 · Bank Of America
Nov 29, 2005
$1,230,000
Handris Properties LLC
Tvsc LLC
Warranty Deed
$832,000 · Pacific West Bank
Apr 26, 2002
—
Tvsc LLC
D S Parklane Development
Grant Deed
related
—
Feb 28, 1996
$190,140
D S Parklane Development INC
Crowley,ivan M & Caryl E
Grant Deed
—
—
—
Handris Properties LLC
—
Deed Of Trust
related
$3,805,000 · Bank Of America
—
—
Hillsboro Partners LLC
—
Deed Of Trust
related
$2,900,000 · Banner Bk
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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