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Property profile & analytics
FOR LEASE
Warehouses

495 N Holladay St Cornelius, OR 97113

176,755 SF 9.9 ac lot Built 1991
Individually Owned 35-yr Hold Absentee Owner Free & Clear
Property ID
US71-1284992
Property summary
AI-generated overview

This exceptional 58,500-square-foot warehouse boasts a prime location on the west side, offering unparalleled access to Highway 26 and proximity to Hillsboro. The property is currently vacant and ready for immediate occupancy by a single tenant. The building features impressive ceiling heights ranging from 25 to 28 feet, providing ample vertical space for storage and operations. Loading and unloading are facilitated by one loading dock and an impressive 21 dock-high doors, ensuring efficient material handling. Recent renovations have significantly enhanced the property, including a complete lighting upgrade and a modernized sprinkler system. Beyond the warehouse space, the property also includes updated office areas, adding to its functionality and appeal. Situated in Washington County, this warehouse presents a rare opportunity for businesses seeking a modern, well-maintained facility in a strategic location with easy highway access. The expansive square footage, combined with the recent improvements and convenient location, makes this an ideal space for a variety of industrial operations. The large vacant space allows for complete customization to meet specific tenant needs. This is a truly exceptional opportunity to secure a high-quality industrial space in a highly desirable area.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1991
Total area 176,755 SF
Lot 9.9 ac (431,244 SF)
Zoning code M1
APN 1N333DB-01000
UPID US71-1284992
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
Current use
Occupant on record · Public records
  • Greatwide Dedicated Transport Freight Service Logistics Company
  • JSTT WAREHOUSE AND LAND Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$20.73M
Comparable Approach Comparable
$21.23M
Blend (final) Blend
$16.24M
Owner & transaction history
John E Davis · 35 yrs held
John E Davis
since 1991
Last sale
$11.2M
1 recorded transaction
1991
$535,255
Zoning & alternative use
M1 · Cornelius, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

IGHWAY COMMERCIAL ZONE (C-2) (§ 18.45.010 - § 18.45.070) Chapter 18.50 CORE COMMERCIAL-EMPLOYMENT DISTRICT (CE) Chapter 18.54 LIGHT INDUSTRIAL ZONE (LI) (§ 18.54.010 - § 18.54.080) Chapter 18.55 GENERAL INDUSTRIAL ZONE (M-1) (§ 18.55.010 - § 18.55.080) Chapter 18.60 CENTRAL MIXED USE ZONE (CMU) (§ 18.60.010 - § 18.60.080) Chapter 18.65 CORRIDOR COMMERCIAL (C…

Zone name General Industrial
General category INDUSTRIAL
Zone area 120.19 ac
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