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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5083 Montego St Hillsboro, OR 97123-7893

    • Super regional malls
    • 1,626 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    May 26, 2022
    $620,000
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    5.2%
    Super regional malls
    Location Intelligence
    Property ID
    US71-0158090
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Super regional malls

    Property Details for 5083 Montego St

    Year built
    1993
    Construction
    WOOD FRAME
    Lot size
    0.16 lot acres
    Property size
    1,626 SF
    Zone code
    SFR-7
    Property type
    Super regional malls
    APN
    1S209AA-07500
    APU
    1S209AA07500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $480,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $420,000
      6.5%
      $385,000
      7%
      $360,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $520,000
      COMMERCIAL (GENERAL)
      $415,000
      RETAIL STORES
      $390,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -122.93
    Latitude
    45.5043
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,859
    $0.00
    $0.00
    $288,400
    -
    $223,920
    $342,180
    $566,100

    Comparable in this City

    • Value Estimation by Request
      1,939 SF

      590 73rd Ave

      REGIONAL SHOPPING CENTER, MALL • 1,939 SF
      590 73rd Ave, Hillsboro, OR 97123-6199
      View Details
    • Value Estimation by Request
      5,656 SF

      390 1st Ave

      SHOPPING CENTER, STRIP CENTER • 5,656 SF
      390 1st Ave, Hillsboro, OR 97123-3903
      View Details
    • Value Estimation by Request
      337,055 SF

      2643 Tualatin Vly Hwy

      SHOPPING CENTER, STRIP CENTER • 337,055 SF
      2643 Tualatin Vly Hwy, Hillsboro, OR 97123-7936
      View Details
    • Value Estimation by Request
      37,392 SF

      1400 Oak St Ste B

      SHOPPING CENTER, STRIP CENTER • 37,392 SF
      1400 Oak St Ste B, Hillsboro, OR 97123-3846
      View Details
    • Value Estimation by Request
      165,400 SF

      6589 Tualatin Vly Hwy

      SHOPPING CENTER, STRIP CENTER • 165,400 SF
      6589 Tualatin Vly Hwy, Hillsboro, OR 97123-7486
      View Details
    • Value Estimation by Request
      337,055 SF

      2521 Tualatin Vly Hwy

      SHOPPING CENTER, STRIP CENTER • 337,055 SF
      2521 Tualatin Vly Hwy, Hillsboro, OR 97123-7935
      View Details

    Similar Nearby for Sale

    • $2,300,000
      642 SF

      Beaverton Retail Investment Opportunity

      Retail property with dual income streams in high-traffic location.
      21150 SW Tualatin Valley Hwy, Beaverton, OR 97123
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    • $3,986,000
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      Downtown Hillsboro Event Venue Investment

      16,000 SF fully leased event venue for sale.
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      Retail Space with Baseline Frontage

      Showroom/Retail space available on E Baseline Street & SW 345th Avenue.
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    • $3,500,000
      14,097 SF

      Hillsboro Retail Investment Opportunity

      14,097 SF building in thriving Hillsboro area.
      175 SE Baseline St, Hillsboro, OR 97123
      View Details
    • $999,000
      1.09 Acres

      Hillsboro Mixed-Use Development Opportunity

      Mixed-use development opportunity near Reed's Crossing and Intel headquarters.
      SE Davis Rd, Hillsboro, OR 97123
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    • Contact for pricing

      Hillsboro Retail Property For Sale

      Long-term leased retail property in vibrant Hillsboro, Oregon.
      Hillsboro, OR 97123
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    Similar Nearby for Lease

    • Contact for pricing
      1,300 SF

      Neighborhood Shopping Center Retail Space

      Retail space available in established neighborhood shopping center.
      7410-7500 E Main St, Hillsboro, OR 97123
      View Details
    • $18 SF/Yr
      9,800 SF

      Retail Space in Aloha Market

      Retail space available in shopping center anchored by Safeway.
      20225 SW Tualatin Valley Hwy, Beaverton, OR 97123
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Sunset Esplanade

      Retail space available in high-traffic Hillsboro shopping center.
      2105-2643 SE Tualatin Valley Hwy, Hillsboro, OR 97123
      View Details
    • Contact for pricing
      4,348 SF

      Retail Space in Sunset Esplanade

      Retail space available in high-traffic Hillsboro shopping center.
      2385 SE Tualatin Valley Hwy, Hillsboro, OR 97123
      View Details
    • $17 SF/Yr
      2,820 SF

      Hillsboro Retail Space For Lease

      Prime Retail Strip Center, 2820 SF Available
      1075 Baseline St, Hillsboro, OR 97123
      View Details
    • $25 SF/Yr
      3,880 SF

      Retail Space in Aloha Market

      Retail space available in busy Aloha Market Centre.
      20163 SW Tualatin Valley Hwy, Beaverton, OR 97123
      View Details
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    5083 Montego St
    Hillsboro, OR 97123-7893
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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