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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Retail space
422 10th Ave Hillsboro, OR 97123-4603
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US71-0803210
Property summary
AI-generated overview
This exceptional 10,369-square-foot freestanding retail building is situated on a prominent corner lot in the Hillsboro, Oregon submarket of Washington County. Classified as Class A, this single-tenant property offers a unique investment opportunity. The building is currently leased, with the lease expiring in December 2031. The current annual rent is $149,919, although the tenant is open to negotiating the lease rate. The property's address is 422 SE 10th Ave, Hillsboro, OR 97123. A tour of the space can be arranged upon request. This is an ideal opportunity for investors seeking a stable, long-term income stream from a high-quality retail property in a desirable location. The property's excellent visibility and convenient access make it an attractive option for a variety of retail businesses. Serious inquiries only.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Total area
10,369 SF
Lot
0.56 ac (24,394 SF)
Zoning code
SCC-DT
APN
1S206AA-07700
UPID
US71-0803210
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
$2.33M
Blend (final)
Blend
$2.14M
Owner & transaction history
Wentworth Managements LLC
Wentworth Managements LLC
since 2025
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
SCC-DT · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.3M
+42.5%
Restaurant
$3.1M
+35.3%
Commercial (general)
$2.7M
+14.2%
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
RETAIL STORES
$2,320,000
Current use
MEDICAL BUILDING
$3,305,000
Change: +43% · Conversion: Difficult
RESTAURANT
$3,140,000
Change: +35% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,650,000
Change: +14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,305,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.14M
Range $1.93M – $2.35M · ±10% · vs last sale $1.95M (Jun 19 2025)
Last sale anchor
$1.95M
Jun 19 2025
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
$206 / 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
$22,194
Tax year 2023
Assessed value
$1,317,340
Assessed 2023
Previous assessed
$1,278,980
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$582,260
Improvement market value
$1,820,530
Total market value
$2,402,790
Applied tax rate
7.0000
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
Year built
2004
Heating
NONE
Total area
10,369 SF
Lot
0.56 ac (24,394 SF)
Zoning code
SCC-DT
APN
1S206AA-07700
UPID
US71-0803210
Jurisdiction
WASHINGTON
Zoning & alternative use
SCC-DT · Hillsboro, OR
Zoning SCC-DT · permitted uses
SCC-DT · 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
RETAIL STORES Current
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$3.3M
RESTAURANT
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
RETAIL STORES Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
Year built
2004
Heating
NONE
Lot
0.56 ac
Current owner
From public records · entity-resolved
Wentworth Managements LLC
Entity
Mailing address
17781 TRUMPP CT, MORGAN HILL, CA 95037-4030
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
$1,950,000
Wentworth Managements LLC
2007 Armand H Trumpp & Diane L Trum
Warranty Deed
—
Dec 14, 2011
$1,770,000
Trump Armand H & D L 2007 Trust
422 Se 10th Ave Hillsboro LLC
Warranty Deed
—
Dec 14, 2011
—
422 Se 10th Ave Hillsboro LLC
Nw Freedom Corp
Quit Claim Deed
related
—
Mar 10, 2011
—
State Of Or
Nw Freedom Corp
Quit Claim Deed
related
—
Mar 10, 2011
$2,500
State Of Or
422 Se 10th Ave Hillsboro LLC
Warranty Deed
—
May 23, 2005
—
422 Se 10th Ave Hillsboro LLC
Childs,john R & Chauncy L
Warranty Deed
related
—
Jul 1, 2004
$400,000
John R Childs
Dye Investment Co LLC
Grant Deed
$575,000 · Key Bank NA
Dec 23, 1988
$185,000
Marilyn E Reiling
Unknown
Grant Deed
—
—
—
422 Se 10th Ave Hillsboro LLC
—
Deed Of Trust
related
$479,000 · Ccd Business Development
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.
Try Rey
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