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Property profile & analytics

8000 Cherry Dr Hillsboro, OR 97124-8162

  • Commercial real estate
  • 3,587 SF
  • 6.46 lot acres
OFF-MARKET
Last Sale
Feb 15, 2025
$2,900,000
Value Estimations
$2,190,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US71-1739706
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

  • Commercial real estate

Property Details for 8000 Cherry Dr

Year built
1938
Construction
WOOD FRAME
Lot size
6.46 lot acres
Property size
3,587 SF
Zone code
I-P
Property type
Commercial real estate
APN
1N235AC-00800
APU
1N235AC00800

Description

This exceptional ±3-acre industrial land/yard site presents a rare leasing opportunity in the desirable Hillsboro, Oregon market. Located in Washington County, this property boasts a substantial 6.46-acre lot size, offering ample space for various industrial uses. The zoning is designated as Industrial Park (I-P), allowing for a wide range of manufacturing, warehouse, distribution, and commercial activities. The property is characterized as single-tenant occupancy, providing exclusive use of the entire site. The total building square footage is currently listed as 1 square foot, suggesting the land is primarily undeveloped and available for build-to-suit or expansion of existing operations. This presents a unique chance to establish a significant industrial presence in a prime location. Given the limited availability of such large industrial land parcels in Hillsboro, this opportunity is expected to attract considerable interest. The property's strategic location within an established industrial park offers easy access to major transportation routes, enhancing logistical efficiency. Serious inquiries are encouraged to explore the potential of this exceptional industrial land lease. The site's size and zoning make it suitable for a variety of industrial uses, from manufacturing and warehousing to distribution centers and other commercial ventures. This is a truly unique opportunity for businesses seeking to expand or establish a new presence in the thriving Hillsboro market.


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,484,000
    Market price range: $547k - $1.86M
    AI Estimate
    $1,484,000
    Market price range: $547k - $1.86M

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


Location Insight

  • Map
  • Local Demand
City
Hillsboro
County
Washington
State
Oregon
Longitude
-122.897
Latitude
45.5295
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
$9,866
$0.00
$0.00
$585,580
-
$2,195,490
$172,300
$2,367,790
More about this property
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