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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Drive through restaurants
977 Oak St Hillsboro, OR 97123-3851
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US71-0293825
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2004
Total area
3,162 SF
Lot
0.44 ac (19,166 SF)
Zoning code
C-G
APN
1S301AB-00800
UPID
US71-0293825
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
$1.55M
Blend (final)
Blend
$1.55M
Owner & transaction history
Robdon Properties LLC · 19 yrs held
Robdon Properties LLC
since 2006
7 recorded transactions
Zoning & alternative use
C-G · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-G zone implements the Commercial Comprehensive Plan designation, providing opportunities for all types of retail, service, and office commercial Uses in a variety of locations throughout the City
Zone name
Commercial General
General category
COMMERCIAL
Zone area
830.89 ac
Source
Realmo
Top alternative use upside
Medical building
$1.0M
+5.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$955,000
Current use
MEDICAL BUILDING
$1,010,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10%
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
$490 / 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
$14,416
Tax year 2023
Assessed value
$855,690
Assessed 2023
Previous assessed
$830,770
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$261,420
Improvement market value
$1,822,670
Total market value
$2,084,090
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2004
Heating
NONE
Total area
3,162 SF
Lot
0.44 ac (19,166 SF)
Zoning code
C-G
APN
1S301AB-00800
UPID
US71-0293825
Jurisdiction
WASHINGTON
Zoning & alternative use
C-G · Hillsboro, ORZoning C-G · permitted uses
C-G · Hillsboro, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-G zone implements the Commercial Comprehensive Plan designation, providing opportunities for all types of retail, service, and office commercial Uses in a variety of locations throughout the City
Zone name
Commercial General
General category
COMMERCIAL
Zone area
830.89 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$955,000
MEDICAL BUILDING
Est. value
$1.0M
RESTAURANT Current
MEDICAL BUILDING
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
2004
Heating
NONE
Lot
0.44 ac
Current owner
From public records · entity-resolved
Robdon Properties LLC
Entity
Mailing address
PO BOX 301, APTOS, CA 95001-0301
Ownership since
2006
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
Oct 15, 2018
—
Pacific Bells LLC
—
Grant Deed
related
$425,000,000 · Bank Of America
Oct 31, 2012
—
Hhjc LLC
—
Deed Of Trust
related
$5,700,000 · Wells Fargo Bank
Nov 21, 2008
—
Hhjc LLC
—
Deed Of Trust
related
$4,700,000 · Wells Fargo Bk/tx
Nov 29, 2006
$2,180,000
Robdon Properties LLC
Cnl Net Lease Funding 2003 LLC
Grant Deed
—
Apr 3, 2006
$2,008,805
Cnl Net Lease Funding 2003 LLC
Grande Anchorage Ltd
Warranty Deed
related
—
Sep 30, 2005
$2,008,805
Cnl Net Lease Funding 2003 LLC
Border Express LLC
Warranty Deed
$2,008,805 · Wells Fargo Bank NA
—
—
Hhjc LLC
—
Loan Modification
related
$145,000,000 · Wells Fargo Bk
—
—
Robdon Properties LLC
—
Deed Of Trust
related
$1,270,000 · Wells Fargo Bank
—
—
Grande Anchorage Ltd
—
Deed Of Trust
related
$4,720,000 · Landamerica Citicorp Leasing
—
—
Grande Anchorage Ltd
—
Deed Of Trust
related
$750,000 · Citicorp Leasing INC
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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