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Property profile & analytics
OFF-MARKET
Estimated value
$4,455,000
Banks
5860 Cornell Rd Hillsboro, OR 97124-9000
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0022672
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1999
Total area
6,293 SF
Lot
0.7 ac (30,492 SF)
Zoning code
SC-BP
APN
1N234BA-01300
UPID
US71-0022672
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
by Request
Blend (final)
Blend
$4.46M
Owner & transaction history
Lz Woodburn LLC · 5 yrs held
Lz Woodburn LLC
since 2020
Last sale
$4.5M
2 recorded transactions
Zoning & alternative use
SC-BP · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The SCBP zone implements the Station Community Planning Area Plan designation, providing opportunities for light industrial and industrial service uses, and limited opportunities for convenient service and office commercial uses, up to 5200 feet from an LRT Station
Zone name
Station Community Business Park
General category
INDUSTRIAL
Zone area
286.34 ac
Source
Realmo
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
$4,650,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.46M
Range $4.01M – $4.90M · ±10% · vs last sale $4.45M (Dec 21 2020)
Last sale anchor
$4.45M
Dec 21 2020
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
$708 / 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
$36,863
Tax year 2023
Assessed value
$2,188,030
Assessed 2023
Previous assessed
$2,124,310
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$630,880
Improvement market value
$2,400,440
Total market value
$3,031,320
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1999
Heating
NONE
Total area
6,293 SF
Lot
0.7 ac (30,492 SF)
Zoning code
SC-BP
APN
1N234BA-01300
UPID
US71-0022672
Jurisdiction
WASHINGTON
Zoning & alternative use
SC-BP · Hillsboro, ORZoning 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
Zoning description
The SCBP zone implements the Station Community Planning Area Plan designation, providing opportunities for light industrial and industrial service uses, and limited opportunities for convenient service and office commercial uses, up to 5200 feet from an LRT Station
Zone name
Station Community Business Park
General category
INDUSTRIAL
Zone area
286.34 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1999
Heating
NONE
Lot
0.7 ac
Current owner
From public records · entity-resolved
Lz Woodburn LLC
Entity
Mailing address
8910 SE FULLER RD, HAPPY VALLEY, OR 97086-3610
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2020
$4,453,000
Lz Woodburn LLC
First Tech Building LLC
Warranty Deed
$2,250,000 · Selco Community Cu
Jun 16, 2006
$2,000,000
First Tech Building LLC
First Technology Cu
Warranty Deed
related
—
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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