Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6200 Cherry Dr Hillsboro, OR 97124-5600

    • Warehouses
    • 41,400 SF
    • 3.05 lot acres
    OFF-MARKET
    Value Estimations
    $5,715,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-0944173
    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

    • Warehouses

    Property Details for 6200 Cherry Dr

    Year built
    1989
    Lot size
    3.05 lot acres
    Property size
    41,400 SF
    Zone code
    SCI
    Property type
    Warehouses
    APN
    1N234AB-01000
    APU
    1N234AB01000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,716,000
      Market price range: $5.06M - $10.3M
      AI Estimate
      $5,716,000
      Market price range: $5.06M - $10.3M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $7,400,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $9,230,000
      Change: +25% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -122.919
    Latitude
    45.5308
    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
    $43,835
    $0.00
    $0.00
    $2,601,830
    -
    $1,874,320
    $4,850,360
    $6,724,680

    Comparable in this City

    • Value Estimation by Request
      2.80 Acres

      2480 Century Blvd

      WAREHOUSE, STORAGE • 2.80 Acres
      2480 Century Blvd, Hillsboro, OR 97124-6593
      View Details
    • Value Estimation by Request
      2.43 Acres

      1050 67th Ave

      WAREHOUSE, STORAGE • 2.43 Acres
      1050 67th Ave, Hillsboro, OR 97124-6575
      View Details
    • Value Estimation
      $36,505,000
      177,775 SF

      6795 Evergreen Pkwy, Unit 200

      WAREHOUSE, STORAGE • 177,775 SF
      6795 Evergreen Pkwy, Hillsboro, OR 97124-6027
      View Details
    • Value Estimation by Request
      305,690 SF

      5647 Huffman St

      WAREHOUSE, STORAGE • 305,690 SF
      5647 Huffman St, Hillsboro, OR 97124-5878
      View Details
    • Value Estimation
      $3,275,000
      21,265 SF

      8280 Walker Rd

      WAREHOUSE, STORAGE • 21,265 SF
      8280 Walker Rd, Hillsboro, OR 97124-7830
      View Details
    • Value Estimation
      $11,635,000
      72,000 SF

      2110 Aloclek Dr Ste, Unit 620

      WAREHOUSE, STORAGE • 72,000 SF
      2110 Aloclek Dr Ste, Hillsboro, OR 97124-8065
      View Details

    Similar Nearby for Sale

    • $1,400,000
      7,808 SF

      Hillsboro Industrial/Office Buildings For Sale

      Three adjacent buildings with industrial, office, and residential space.
      341 NE Lincoln St, Hillsboro, OR 97124
      View Details
    • Contact for pricing

      Hillsboro Industrial Facility with Expansion Potential

      150,000 SF leased industrial facility with expansion and storage.
      5537 NW Five Oaks Dr, Hillsboro, OR 97124
      View Details
    • Contact for pricing
      303,969 SF

      Hillsboro Industrial Sanctuary Warehouse

      New industrial warehouse in Hillsboro Enterprise Zone, available Summer 2026.
      2625 NE Huffman St, Hillsboro, OR 97124
      View Details
    • Contact for pricing
      291,700 SF

      Hillsboro Class A Industrial Buildings

      New Class A industrial buildings in Hillsboro's technology corridor.
      4510 NW 273Rd Ave, Hillsboro, OR 97124
      View Details
    • Contact for pricing

      New Industrial Development in Hillsboro

      New industrial development in Hillsboro Corporate Park, Summer 2026 occupancy.
      2625 NE Huffman Rd, Hillsboro, OR 97124
      View Details
    • Contact for pricing
      36,000 SF

      Hillsboro Industrial Space Available

      36,000 SqFt industrial space for sale in Hillsboro, Oregon.
      4282 NE 30Th Ave, Hillsboro, OR 97124
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hillsboro Warehouse and Office Spaces

      Functional warehouse and office spaces with flexible, short-term leases.
      1960 NE 25Th Ave, Hillsboro, OR 97124
      View Details
    • Contact for pricing
      18,249 SF

      Hillsboro Industrial Space For Lease

      18,249 SF industrial space with office near Intel.
      2925 NE Aloclek Dr, Hillsboro, OR 97124
      View Details
    • Contact for pricing

      Hillsboro Warehouse and Office Spaces

      Functional warehouse and office spaces with flexible, short-term leases.
      2056 NE Aloclek Dr, Hillsboro, OR 97124
      View Details
    • Contact for pricing

      Hillsboro Flex/Industrial Business Park

      Flex/industrial buildings in a landscaped business park, Hillsboro, Oregon.
      2240-2460 NE Griffin Oaks St, Hillsboro, OR 97124
      View Details
    • Contact for pricing
      8,289 SF

      Hillsboro Warehouse Space Available

      Warehouse space with signage and exposure on NE 25th Avenue.
      2350 NE Griffin Oaks St, Hillsboro, OR 97124
      View Details
    • Contact for pricing
      12,512 SF

      Hillsboro Warehouse with Office Sublease

      12,512 SF warehouse with office space available for sublease.
      7315 NE Evergreen Pkwy, Hillsboro, OR 97124
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6200 Cherry Dr
    Hillsboro, OR 97124-5600
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!