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Property profile & analytics
OFF-MARKET Estimated value $705,000
Auto shops

5555 Cornelius Pass Rd Cornelius, OR 97124-9320

6,632 SF 0.22 ac lot Built 1985
Trust Owned 13-yr Hold Absentee Owner Free & Clear
Property ID
US71-0552320
Property summary
AI-generated overview

This exceptional 6,632 square foot light manufacturing building is situated in Hillsboro, Oregon, at 5555 NE Cornelius Pass Rd, zip code 97124. Located in unincorporated Washington County, this two-story structure boasts a desirable I-P Zoning classification with a Special Industrial District overlay, offering significant flexibility for various manufacturing operations. The asking price is $1,100,000, translating to $165.86 per square foot. The property has recently undergone extensive renovations, including the installation of a new breaker box equipped with both 240V and 220V panels, ensuring ample power for manufacturing equipment. Modernization efforts also encompass new LED lighting throughout, new flooring, and fresh interior and exterior paint, presenting a clean and efficient workspace. Its convenient location offers easy access to Sunset Highway (26) and Cornelius Pass Road, providing excellent transportation links for both employees and the movement of goods. This turnkey facility is ready for immediate occupancy and presents a compelling investment opportunity in a thriving industrial area. The property consists of one building.

Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1985
Total area 6,632 SF
Lot 0.22 ac (9,583 SF)
Zoning code SID
APN 1N223AC-03200
UPID US71-0552320
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
$703k
Blend (final) Blend
$705k
Owner & transaction history
Welch Diana L Living Trust · 13 yrs held
Welch Diana L Living Trust
since 2012
3 recorded transactions
2012
Price N/A
2010
Price N/A
2010
Price N/A
Zoning & alternative use
SID · Cornelius, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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