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Property profile

3637 NE John Olsen Ave Hillsboro, OR 97124

FOR LEASE
Commercial real estate
Property ID
US71-0792741
Entity Owned 10-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Class A office space, located at 3637 NE John Olsen Ave, Hillsboro, OR 97124, offers 1,865 square feet of single-tenant occupancy in a two-story building constructed in 2008. The property is situated along US Hwy 26, providing convenient access to the Streets of Tanasbourne, offering a variety of dining, retail, and service options. The building features a total of 45 parking spaces, ensuring ample parking for employees and clients. The zoning is designated as M-P. This corner office space boasts a sleek, modern design with new finishes, creating a professional and inviting atmosphere. The property is part of a collection of suburban professional offices in the Beaverton-Hillsboro submarket, offering a quiet and productive work environment. The entire 1,865 square feet is currently vacant and ready for immediate occupancy. The building's address is conveniently located near the intersection of NW Sunset Hwy. This is a rare opportunity to lease a modern, well-located office space in a desirable suburban setting.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Zoning code I-P
APN 1N225BA-83637
UPID US71-0792741

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3637 NE John Olsen Ave Hillsboro, OR 97124
Hillsboro metro Census 31617 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$315k

Owner & transaction history

since 2016
3 recorded transactions
2016
Price N/A
2013
$141,525
2013
Price N/A

Zoning & alternative use

I-P · Hillsboro, OR
Zoning description

The I-P zone implements the Industrial Comprehensive Plan designation in the City newer industrial areas, providing opportunities for all types of industrial service, manufacturing, warehouse and wholesale uses, and limi…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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