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Property profile & analytics
OFF-MARKET
Strip malls
7200 Butler St Hillsboro, OR 97124-9433
Entity Owned
22-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0800558
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2005
Total area
13,243 SF
Lot
3.85 ac (167,706 SF)
Zoning code
SCC-MM
APN
1N226CC-09700
UPID
US71-0800558
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
by Request
Owner & transaction history
Pacific Realty Associates LP · 22 yrs held
Pacific Realty Associates LP
since 2003
2 recorded transactions
Zoning & alternative use
SCC-MM · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The SCC-MM zone implements the Station Community Planning Area Comprehensive Plan designation at locations on arterial streets approximately 2600 feet from an LRT platform, providing opportunity to locate a mixture of commercial and community service uses oriented City wide
Zone name
Station Community Commercial Multi Modal
General category
COMMERCIAL
Zone area
89.69 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$130,173
Tax year 2023
Assessed value
$7,726,490
Assessed 2023
Previous assessed
$7,501,450
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$4,918,140
Improvement market value
$9,210,900
Total market value
$14,129,040
Applied tax rate
1.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2005
Heating
NONE
Buildings
5
Total area
13,243 SF
Lot
3.85 ac (167,706 SF)
Zoning code
SCC-MM
APN
1N226CC-09700
UPID
US71-0800558
Jurisdiction
WASHINGTON
Zoning & alternative use
SCC-MM · Hillsboro, ORZoning SCC-MM · permitted uses
SCC-MM · Hillsboro, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The SCC-MM zone implements the Station Community Planning Area Comprehensive Plan designation at locations on arterial streets approximately 2600 feet from an LRT platform, providing opportunity to locate a mixture of commercial and community service uses oriented City wide
Zone name
Station Community Commercial Multi Modal
General category
COMMERCIAL
Zone area
89.69 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Buildings
5
Lot
3.85 ac
Current owner
From public records · entity-resolved
Pacific Realty Associates LP
Entity
Mailing address
15350 SW SEQUOIA PKWY STE #300, PORTLAND, OR 97224-7175
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
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
Aug 20, 2003
—
Pacific Realty Associates LP
—
Deed Of Trust
related
$40,000,000 · Prudential Insurance Co
—
—
Pacific Realty Associates LP
—
Deed Of Trust
related
$32,500,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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