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Property profile & analytics
OFF-MARKET Estimated value $41,095,000
Office Spaces

3935 Aloclek Dr 321 Hillsboro, OR 97124-7114

84,606 SF 14.29 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US71-0074897
Property summary
AI-generated overview

This exceptional investment opportunity presents a powered shell data center totaling 84,610 square feet, ideally situated in Hillsboro, Oregon's thriving data center market. The property, located at 3935 NE Aloclek Dr, Hillsboro, OR 97124, comprises two single-story buildings offering flexible space. With a permitted IP-Industrial Park zoning, including data center approval, this property is ready for immediate occupancy. The buildings boast ceiling heights ranging from 16 to 20 feet, providing ample space for various data center configurations. Benefit from existing on-site power with expansion capacity, ensuring scalability for future growth. The location offers excellent connectivity via low-latency metro, long-haul, and Asia-Pacific subsea fiber networks. This prime location also enjoys the advantages of low-cost, clean energy and attractive tax incentives, contributing to lower development and operating costs compared to national and other West Coast averages. The property's existing infrastructure and strategic location make it a rare find in a market with limited data center shell and site options. The buildings are divisible, offering flexibility for various tenant needs. This is a unique chance to acquire a well-positioned, ready-to-occupy data center in one of the nation's fastest-growing technology hubs.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Total area 84,606 SF
Lot 14.29 ac (622,472 SF)
Zoning code I-P
APN 1N223DD-05100
UPID US71-0074897
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
$43.89M
Blend (final) Blend
$41.10M
Owner & transaction history
Flexential Corp
Flexential Corp
since 2025
Last sale
$38.3M
7 recorded transactions
2025
$38.3M
2021
Price N/A
2018
Price N/A
2011
Price N/A
2008
$19.1M
1998
$2.4M
1969
Price N/A
Zoning & alternative use
I-P · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $27.0M +0.3%
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