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Property profile & analytics
OFF-MARKET
Estimated value
$9,400,000
Warehouses
4395 Witch Hazel Rd, Hillsboro, OR 97123-8469
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0973010
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1981
Total area
52,595 SF
Lot
1.91 ac (83,200 SF)
Zoning code
I-G
APN
1S209BD-00101
UPID
US71-0973010
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
$9.40M
Blend (final)
Blend
$9.40M
Owner & transaction history
Nsa Property Holdings LLC · 9 yrs held
Nsa Property Holdings LLC
since 2016
5 recorded transactions
Zoning & alternative use
I-G · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$13.4M
+43.0%
Retail stores
$12.6M
+33.6%
Apartment house (5+ units)
$11.7M
+24.7%
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
WAREHOUSE, STORAGE
$9,400,000
Current use
COMMERCIAL (GENERAL)
$13,440,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$12,555,000
Change: +34% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$11,725,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$9.40M
Range $8.46M – $10.34M · ±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
$179 / 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
$72,077
Tax year 2023
Assessed value
$4,278,150
Assessed 2023
Previous assessed
$4,153,550
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$615,680
Improvement market value
$5,426,210
Total market value
$6,041,890
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Heating
NONE
Total area
52,595 SF
Lot
1.91 ac (83,200 SF)
Zoning code
I-G
APN
1S209BD-00101
UPID
US71-0973010
Jurisdiction
WASHINGTON
Zoning & alternative use
I-G · Hillsboro, OR
Zoning I-G · permitted uses
I-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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$9.4M
COMMERCIAL (GENERAL)
Est. value
$13.4M
RETAIL STORES
Est. value
$12.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.7M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1981
Heating
NONE
Lot
1.91 ac
Current owner
From public records · entity-resolved
Nsa Property Holdings LLC
Entity
Free & Clear · 9 yrs held
Mailing address
5005 MDWS RD STE #420, LAKE OSWEGO, OR 97035-5294
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2016
$7,690,000
Nsa Property Holdings LLC
Northwest Self Storage Rv Hill
Warranty Deed
related
—
Dec 30, 2014
$1,800,000
Northwest Self Storage Rv Hillsboro
Db Fite Properties INC
Warranty Deed
$2,750,000 · Premier Community Bank
Jul 10, 2014
—
Cook,bill & Myrna Family Trust
Cook Bill & Myrna 1996 Trust
Quit Claim Deed
related
—
Apr 5, 2013
—
Cook Bill & Myrna 1996 Trust
Cook,william H & Myrna N
Quit Claim Deed
related
—
May 6, 1994
$675,000
Db Flite Properties INC
Copple Trust
Grant Deed
—
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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