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Property profile & analytics
OFF-MARKET
Estimated value
$21,290,000
Office Spaces
3445 83rd Ave, Hillsboro, OR 97124-7112
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0604064
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Total area
65,000 SF
Lot
3.6 ac (156,816 SF)
Zoning code
I-P
APN
1N226AB-00701
UPID
US71-0604064
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
$21.29M
Blend (final)
Blend
$21.29M
Owner & transaction history
Madrona S & T LLC · 9 yrs held
Madrona S & T LLC
since 2016
7 recorded transactions
Zoning & alternative use
I-P · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$20.7M
+0.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$20,660,000
Current use
MEDICAL BUILDING
$20,725,000
Change: +0% · Conversion: Easy
RESTAURANT
$19,675,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$21.29M
Range $19.16M – $23.42M · ±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
$328 / 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
$141,472
Tax year 2023
Assessed value
$8,397,140
Assessed 2023
Previous assessed
$8,152,570
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$2,233,330
Improvement market value
$14,090,990
Total market value
$16,324,320
Applied tax rate
1.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Heating
NONE
Total area
65,000 SF
Lot
3.6 ac (156,816 SF)
Zoning code
I-P
APN
1N226AB-00701
UPID
US71-0604064
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
COMMERCIAL (GENERAL) Current
Est. value
$20.7M
MEDICAL BUILDING
Est. value
$20.7M
RESTAURANT
Est. value
$19.7M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
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
3.6 ac
Current owner
From public records · entity-resolved
Madrona S & T LLC
Entity
Mailing address
210 SW MORRISON ST STE #600, PORTLAND, OR 97204-3150
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2016
$23,275,000
Madrona S & T LLC
Lba Realty Fund II-wbp IV LLC
Grant Deed
$16,500,000 · M&t Real Estate Trust M&t Real Estate Trust
Oct 6, 2016
—
Lba Realty Fund II-wbp IV LLC
Lba Realty Fund II-co Xii LLC
Quit Claim Deed
related
—
Oct 5, 2016
—
Lba Realty II-wbp IV LLC
Lba Realty Fund II-co Xii LLC
Quit Claim Deed
related
—
Feb 1, 2016
—
Lba Realty II-wbp IV LLC
Lba Realty Fund II-co Xii LLC
Quit Claim Deed
related
$171,000,000 · Bank Of America
Jan 13, 2014
—
Lba Realty Fund II-co Xii LLC
Lba Realty Fund II-wbp III LLC
Quit Claim Deed
$127,000,000 · Bank Of America
May 8, 2006
—
Lba Realty II-wbp III LLC
Bedford Property Investors INC
Grant Deed
related
—
Jul 20, 2004
—
Bedford Property Investors INC
—
Deed Of Trust
related
$150,000,000 · Bank Of America NA Trustee
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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