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Property profile & analytics
OFF-MARKET
Estimated value
$2,690,000
Warehouses
5500 Alexander St, Hillsboro, OR 97123-8515
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0170524
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Total area
15,060 SF
Lot
1.48 ac (64,469 SF)
Zoning code
I-P
APN
1S210CB-00200
UPID
US71-0170524
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
$1.77M
Comparable Approach
Comparable
$2.51M
Blend (final)
Blend
$2.69M
Owner & transaction history
Precision Body & Paint Of Hillsboro · 5 yrs held
Precision Body & Paint Of Hillsboro
since 2021
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
I-P · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+43.0%
Retail stores
$3.6M
+33.6%
Apartment house (5+ units)
$3.4M
+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
$2,920,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,915,000
6.5%
$1,765,000
7%
$1,640,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,690,000
Current use
COMMERCIAL (GENERAL)
$3,850,000
Change: +43% · Conversion: Difficult
RETAIL STORES
$3,595,000
Change: +34% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,355,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$2.69M
Range $2.42M – $2.96M · ±10% · vs last sale $2.75M (Mar 5 2021)
Last sale anchor
$2.75M
Mar 5 2021
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
$19,271
Tax year 2023
Assessed value
$1,143,830
Assessed 2023
Previous assessed
$1,110,520
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$596,360
Improvement market value
$1,170,480
Total market value
$1,766,840
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Heating
NONE
Total area
15,060 SF
Lot
1.48 ac (64,469 SF)
Zoning code
I-P
APN
1S210CB-00200
UPID
US71-0170524
Jurisdiction
WASHINGTON
Zoning & alternative use
I-P · Hillsboro, OR
Zoning I-P · permitted uses
I-P · 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
$2.7M
COMMERCIAL (GENERAL)
Est. value
$3.9M
RETAIL STORES
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
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
1996
Heating
NONE
Lot
1.48 ac
Current owner
From public records · entity-resolved
Precision Body & Paint Of Hillsboro
Individual
Free & Clear · 5 yrs held
Mailing address
3905 SW 141ST AVE, BEAVERTON, OR 97005-2342
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2021
—
Precision Body & Paint Of Hillsboro
Alexander Street 5500 Se LLC
Lease
—
Mar 5, 2021
$2,750,000
Alexander Street 5500 Se LLC
5500 Se Alexander St LLC
Warranty Deed
$2,475,000 · The Commerce Bank Of Oregon
Dec 23, 2020
—
5500 Se Alexander St LLC
Michael W Weinstock
Warranty Deed
—
Apr 25, 2013
$1,375,000
Weinstock,michael W & E Trust
Hansen,tracy C
Warranty Deed
—
Jan 29, 1999
$1,000,000
Tracy C Hansen
Demarini Sports INC
Grant Deed
$896,529 · Western Fsb
Sep 18, 1998
—
Demarini Sports INC
—
Grant Deed
related
$3,500,000 · Western Fsb
Oct 20, 1995
$161,710
Demarini Sports INC
Warz Investments LLC
Grant Deed
$488,000 · Western Bank
Jun 14, 1990
$2,048,617
Benjfran Development INC
Unknown
Grant Deed
—
—
—
Demarini Sports INC
—
Deed Of Trust
related
$291,000 · Northwest Small Business Finan
—
—
Demarini Sports INC
—
Deed Of Trust
related
$300,000 · Western Bank
—
—
Tracy C Hansen
—
Deed Of Trust
related
$600,000 · Capital Pacific Bank
—
—
Tracy C Hansen
—
Deed Of Trust
related
$150,000 · Washington Mutual Fsb
—
—
Tracy C Hansen
—
Deed Of Trust
related
$300,000 · Capital Pacific Bank
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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