Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9820 Gibbs Dr Hillsboro, OR 97006-7036

    • Office Properties & Spaces
    • 84,563 SF
    • 8.89 lot acres
    OFF-MARKET
    Last Sale
    Dec 16, 2022
    $18,000,000
    Value Estimations
    $15,555,000
    Show details
    Cap Rate Potential
    9.5%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US71-0465917
    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

    • Office Properties & Spaces

    Property Details for 9820 Gibbs Dr

    Year built
    1987
    Lot size
    8.89 lot acres
    Property size
    84,563 SF
    Zone code
    UC-MU
    Property type
    Office Properties & Spaces
    APN
    1N236BD-01100
    APU
    1N236BD01100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $13,935,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $22,165,000
      6.5%
      $20,460,000
      7%
      $19,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $15,532,000
      Market price range: $15.5M - $34.6M
      AI Estimate
      $15,532,000
      Market price range: $15.5M - $34.6M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $23,125,000
      Current use
      RETAIL STORES
      $20,185,000
      Change: -13% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $18,850,000
      Change: -18% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -122.879
    Latitude
    45.5278
    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
    $98,059
    $0.00
    $0.00
    $5,438,560
    -
    $6,241,890
    $7,514,440
    $13,756,330

    Comparable in this City

    • Value Estimation by Request
      17,244 SF

      1915 Stucki Ave

      Office space • 17,244 SF
      1915 Stucki Ave, Hillsboro, OR 97006
      View Details
    • Value Estimation by Request
      15,492 SF

      1815 169th Pl Ste, Unit 2100

      OFFICE (GENERAL) • 15,492 SF
      1815 169th Pl Ste, Beaverton, OR 97006-7366
      View Details
    • Value Estimation by Request
      34,250 SF

      1815 169th Pl Ste, Unit 4060

      OFFICE (GENERAL) • 34,250 SF
      1815 169th Pl Ste, Beaverton, OR 97006-7311
      View Details
    • Value Estimation by Request
      3.99 Acres

      9170 Turing Ct Ste, Unit 130

      OFFICE (GENERAL) • 3.99 Acres
      9170 Turing Ct Ste, Hillsboro, OR 97006-7002
      View Details
    • Value Estimation by Request
      52,600 SF

      1365 Amberglen Pkwy, Unit 100

      OFFICE (GENERAL) • 52,600 SF
      1365 Amberglen Pkwy, Hillsboro, OR 97006-6958
      View Details
    • Value Estimation by Request
      2.68 Acres

      1500 167th Pl

      OFFICE (GENERAL) • 2.68 Acres
      1500 167th Pl, Beaverton, OR 97006-7342
      View Details

    Similar Nearby for Sale

    • $308,800

      Hillsboro Condo with Modern Finishes

      Light-filled 2-bedroom, 2-bath condo with modern amenities in Hillsboro.
      10654 NE Holly St, Hillsboro, OR 97006
      View Details
    • $263,000

      Move-In Ready Condo in Tanasbourne

      Top-floor, 2-bedroom condo with modern amenities and convenient location.
      760 NW 185Th Ave, Beaverton, OR 97006
      View Details
    • $265,000

      Move-In Ready Home in Gated Community

      Spacious 3-bedroom home in desirable Springwood Estates.
      17548 NW Shady Fir Loop, Beaverton, OR 97006
      View Details
    • $272,000
      1,454 SF

      Tanasbrook Condo with Lush Greenery

      Two-story, 4-bedroom condo with amenities and convenient location.
      17760 NW Rolling Hill Ln, Beaverton, OR 97006
      View Details
    • $349,000

      Spacious Condo in Prime Location

      Bright, two-bedroom condo with modern amenities and convenient access.
      1845 NE 101St Ave, Hillsboro, OR 97006
      View Details
    • $239,000

      Updated Home with Resort Amenities

      Move-in ready home with updated features and resort-style amenities.
      1630 NW Eastbrook Ct, Beaverton, OR 97006
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      11,981 SF

      Beaverton Executive Office Suites

      Prime Beaverton Office Space Available
      2155 173Rd Ave, Beaverton, OR 97006
      View Details
    • $18 SF/Yr
      3,156 SF

      Office/Flex Space in Beaverton

      684,635 SF corporate center with flexible floor plans.
      15242 NW Greenbrier Pkwy, Beaverton, OR 97006
      View Details
    • Contact for pricing
      12,799 SF

      Beaverton Flex Space Available

      Flex space in Sunset Corridor with ample parking and amenities.
      1600 NW 167Th Pl, Beaverton, OR 97006
      View Details
    • Contact for pricing

      Functional Spaces in Beaverton

      Functional spaces with restrooms and signage opportunities in Beaverton.
      Beaverton, OR 97006
      View Details
    • Contact for pricing

      Hillsboro Office, Lab, and R&D

      Premier property in Hillsboro for office, lab, and R&D.
      Hillsboro, OR 97006
      View Details
    • Contact for pricing
      2,684 SF

      Hillsboro Office/Flex Park Space

      Multi-tenant office/flex park in premier business park.
      1400 NE Compton Dr, Hillsboro, OR 97006
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9820 Gibbs Dr
    Hillsboro, OR 97006-7036
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.