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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Office Spaces
909 Cedar St Hillsboro, OR 97123-4628
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-0043623
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1999
Construction
WOOD FRAME
Total area
5,138 SF
Lot
0.16 ac (6,970 SF)
Zoning code
SCC-DT
APN
1S206AA-09100
UPID
US71-0043623
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
$1.25M
Comparable Approach
Comparable
$899k
Blend (final)
Blend
$895k
Owner & transaction history
Ramona Guzman · 1 yrs held
Ramona Guzman
since 2025
Last sale
$890,000
7 recorded transactions
Zoning & alternative use
SCC-DT · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$900,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,345,000
6.5%
$1,245,000
7%
$1,155,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,315,000
Current use
RETAIL STORES
$1,225,000
Change: -7% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,145,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$895k
Range $806k – $985k · ±10% · vs last sale $890k (Mar 12 2025)
Last sale anchor
$890k
Mar 12 2025
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
$174 / 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
$5,161
Tax year 2023
Assessed value
$306,340
Assessed 2023
Previous assessed
$297,420
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$190,230
Improvement market value
$219,300
Total market value
$409,530
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1999
Construction
WOOD FRAME
Heating
BASEBOARD
Bathrooms
3
Total area
5,138 SF
Lot
0.16 ac (6,970 SF)
Zoning code
SCC-DT
APN
1S206AA-09100
UPID
US71-0043623
Jurisdiction
WASHINGTON
Zoning & alternative use
SCC-DT · Hillsboro, OR
Zoning SCC-DT · permitted uses
SCC-DT · Hillsboro, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hillsboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1999
Construction
WOOD FRAME
Heating
BASEBOARD
Bathrooms
3
Lot
0.16 ac
Current owner
From public records · entity-resolved
Ramona Guzman
Individual
Mailing address
909 SE CEDAR ST, HILLSBORO, OR 97123-4628
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2025
$890,000
Ramona Guzman
Diane Gudmundsen
Warranty Deed
$667,500 · Velocity Commercial Capital LLC
Jul 7, 2005
$375,000
Diane Gudmundsen
Miovac,mathew
Grant Deed
$259,200 · Sierra Pacific Mortgage
Jul 29, 1999
$125,000
Mathew Miovac
Sheppard,ronald A & Linda R
Grant Deed
$100,000 · Accredited Home Lenders
Feb 26, 1993
$17,775
Ronald A Sheppard
Unknown
Grant Deed
—
—
—
Mathew Miovac
—
Deed Of Trust
related
$144,000 · Bnc Mortgage INC
—
—
Ronald A Sheppard
—
Deed Of Trust
related
$35,099 · West One Bank Oregon
—
—
Ronald A Sheppard
—
Deed Of Trust
related
$60,000 · Washington Mutual Fsb
—
—
Mathew Miovac
—
Deed Of Trust
related
$152,200 · Long Beach Mortgage Co
—
—
Mathew Miovac
—
Deed Of Trust
related
$276,900 · First Mutual Bank
—
—
Ronald A Sheppard
—
Deed Of Trust
related
$49,000 · West One Bank Oregon
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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