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    Property profile & analytics

    871 62nd Ave Hillsboro, OR 97124-7382

    • Apartment buildings
    • 2.56 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 04, 2022
    $96,200,000
    Location Intelligence
    Property ID
    US71-0980664
    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

    • Apartment buildings

    Property Details for 871 62nd Ave

    Lot size
    2.56 lot acres
    Zone code
    SCR-V
    Property type
    Apartment buildings
    APN
    1N234AC-30000
    APU
    1N234AC30000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -122.918
    Latitude
    45.5294
    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
    $160,026
    $0.00
    $0.00
    $9,498,430
    -
    $2,400,000
    $31,281,120
    $33,681,120

    Comparable in this City

    • Value Estimation by Request
      9.56 Acres

      1492 Alex Way, Unit 324

      APARTMENT HOUSE (100+ UNITS) • 9.56 Acres
      1492 Alex Way, Hillsboro, OR 97124-8601
      View Details
    • Value Estimation by Request
      15.41 Acres

      6198 Cornell Rd

      APARTMENT HOUSE (100+ UNITS) • 15.41 Acres
      6198 Cornell Rd, Hillsboro, OR 97124-4488
      View Details
    • Value Estimation by Request
      1.40 Acres

      758 20th Pl, Unit D

      APARTMENT HOUSE (5+ UNITS) • 1.40 Acres
      758 20th Pl, Hillsboro, OR 97124-3588
      View Details
    • Value Estimation by Request
      0.40 Acres

      232 3rd Ave

      APARTMENT HOUSE (5+ UNITS) • 0.40 Acres
      232 3rd Ave, Hillsboro, OR 97124-3170
      View Details
    • Value Estimation by Request
      12,296 SF

      146 43rd Ave

      APARTMENT HOUSE (5+ UNITS) • 12,296 SF
      146 43rd Ave, Hillsboro, OR 97124-6880
      View Details
    • Value Estimation by Request
      316,786 SF

      6595 Cherry Dr

      APARTMENT HOUSE (100+ UNITS) • 316,786 SF
      6595 Cherry Dr, Hillsboro, OR 97124-7739
      View Details

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      Downtown Hillsboro Commercial Building For Sale

      3,197 SF commercial building in the heart of Hillsboro.
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      Hillsboro Office Space Opportunity

      Clean, ready-to-use office space in a rapidly growing area.
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      Hillsboro Industrial/Office Buildings For Sale

      Three adjacent buildings with industrial, office, and residential space.
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      Largest industrial development site in the Portland Metro area.
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    Similar Nearby for Lease

    • $1.40 SF/Yr
      18,896 SF

      Spacious Office Space in Hillsboro

      Hillsboro office space with open layout and ample parking.
      7431 NE Evergreen Pkwy, Hillsboro, OR 97124
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      Retail space available in established shopping center near Nike campus.
      2280 NE Allie Ave, Hillsboro, OR 97124
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    • $32 SF/Yr
      737 SF

      Office/Retail Space in Hillsboro

      Second-generation office/retail space with excellent street frontage.
      6350-6396 NE Cherry Dr, Hillsboro, OR 97124
      View Details
    • Contact for pricing
      6,500 SF

      Retail Space in Tanasbourne Trade

      Retail space with high visibility in a vibrant economic corridor.
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    • Contact for pricing
      1,450 SF

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      Retail space with high foot traffic near transit corridor.
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    • Contact for pricing
      25,461 SF

      Hillsboro Office Space For Rent

      Full floor office space with new buildout and ample light.
      2035 NW Cornelius Pass Rd, Hillsboro, OR 97124
      View Details
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    Hillsboro, OR 97124-7382
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    Realmo Value Estimation

    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.

    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.

    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
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