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Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Medical Office Space
4500 Cornell Rd, Hillsboro, OR 97124-6026
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1015379
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
6,950 SF
Lot
0.46 ac (20,038 SF)
Zoning code
SC-BP
APN
1N233AB-00800
UPID
US71-1015379
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
$1.52M
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$2.26M
Owner & transaction history
Shore Capial Real Estte Partners Ho · 4 yrs held
Shore Capial Real Estte Partners Ho
since 2022
Last sale
$2.9M
7 recorded transactions
Zoning & alternative use
SC-BP · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,210,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,640,000
6.5%
$1,515,000
7%
$1,410,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,215,000
Current use
COMMERCIAL (GENERAL)
$2,210,000
Change: 0% · Conversion: Easy
RESTAURANT
$2,105,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±10% · vs last sale $2.86M (Mar 30 2022)
Last sale anchor
$2.86M
Mar 30 2022
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
$324 / 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
$19,575
Tax year 2023
Assessed value
$1,161,870
Assessed 2023
Previous assessed
$1,128,030
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$565,240
Improvement market value
$1,116,530
Total market value
$1,681,770
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2004
Heating
NONE
Total area
6,950 SF
Lot
0.46 ac (20,038 SF)
Zoning code
SC-BP
APN
1N233AB-00800
UPID
US71-1015379
Jurisdiction
WASHINGTON
Zoning & alternative use
SC-BP · Hillsboro, OR
Zoning SC-BP · permitted uses
SC-BP · 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
MEDICAL BUILDING Current
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RESTAURANT
Est. value
$2.1M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
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
Year built
2004
Heating
NONE
Lot
0.46 ac
Current owner
From public records · entity-resolved
Shore Capial Real Estte Partners Ho
Entity
Mailing address
1 E WACKER DR STE #2900, CHICAGO, IL 60601-2026
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Mar 30, 2022
$2,857,000
Shore Capial Real Estte Partners Ho
Loepp Land LLC
Warranty Deed
$250,000 · First Republic Bank
Feb 22, 2018
—
Loepp Land LLC
—
Deed
related
$87,965 · Us Bk
Nov 17, 2017
—
Loepp Land LLC
—
Deed
related
$234,757 · Us Bank NA
Aug 18, 2003
—
Loepp Land LLC
Loepp,l S & Joan E
Quit Claim Deed
related
$1,000,000 · Us Bank NA
—
—
Leonard S Loepp
—
Deed Of Trust
related
$418,348 · Joan E Loepp
—
—
Loepp Land LLC
—
Deed Of Trust
related
—
—
—
Cornell Rd Dvm LLC
—
Deed Of Trust
related
$1,104,000 · Columbia Community Bank
—
—
Loepp Land LLC
—
Deed Of Trust
related
$87,965 · Us Bk
—
—
Loepp Land LLC
—
Deed Of Trust
related
$1,000,000 · Us Bank NA
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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