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Property profile & analytics
OFF-MARKET
Strip malls
9938 Cornell Rd Hillsboro, OR 97124-9233
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0395844
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1955
Construction
WOOD FRAME
Total area
1,593 SF
Lot
1.22 ac (53,143 SF)
Zoning code
MU-C
APN
1N236AB-00800
UPID
US71-0395844
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Joe & Margie Thomas Family LLC · 16 yrs held
Joe & Margie Thomas Family LLC
since 2009
7 recorded transactions
Zoning & alternative use
MU-C · Hillsboro, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The MU-C zone implements the Mixed-Use Comprehensive Plan designation, providing opportunities to develop a mixture of larger scale commercial and residential uses on sites that are considerably larger than those located within MU-N zones, Mixed use developments may occur vertically in the same structure, or horizontally side by side in the same development…
Zone name
Mixed Use Commercial
General category
MIXED_USE
Zone area
34.10 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$28,870
Tax year 2023
Assessed value
$1,601,160
Assessed 2023
Previous assessed
$1,554,530
+3.0% YoY
Effective rate
1.80%
On assessed value
Land market value
$1,392,740
Improvement market value
$969,660
Total market value
$2,362,400
Applied tax rate
51.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1955
Construction
WOOD FRAME
Heating
FORCED AIR
Bathrooms
2
Total area
1,593 SF
Lot
1.22 ac (53,143 SF)
Zoning code
MU-C
APN
1N236AB-00800
UPID
US71-0395844
Jurisdiction
WASHINGTON
Zoning & alternative use
MU-C · Hillsboro, ORZoning MU-C · permitted uses
MU-C · Hillsboro, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The MU-C zone implements the Mixed-Use Comprehensive Plan designation, providing opportunities to develop a mixture of larger scale commercial and residential uses on sites that are considerably larger than those located within MU-N zones, Mixed use developments may occur vertically in the same structure, or horizontally side by side in the same development but not necessarily on the same parcel
Zone name
Mixed Use Commercial
General category
MIXED_USE
Zone area
34.10 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1955
Construction
WOOD FRAME
Heating
FORCED AIR
Bathrooms
2
Lot
1.22 ac
Current owner
From public records · entity-resolved
Joe & Margie Thomas Family LLC
Entity
Mailing address
409 NE 63RD CT, HILLSBORO, OR 97124-6914
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2009
—
Joe & Margie Thomas Family LLC
Thomas,joe G & Margie F
Quit Claim Deed
related
—
Oct 15, 2004
—
Jose E Aguilar
Belshee,ryan C
Warranty Deed
related
—
Nov 17, 1997
$400,000
Joe G Thomas
Winwood,richard I
Grant Deed
$310,000 · Individual
—
—
Joe & Margie Thomas Family LLC
—
Deed Of Trust
related
$640,000 · Us Bank NA
—
—
Joe G Thomas
—
Deed Of Trust
related
$410,000 · Columbia Community Bank
—
—
Joe G Thomas
—
Deed Of Trust
related
$485,000 · Bank Of Salem
—
—
Joe G Thomas
—
Deed Of Trust
related
$550,000 · Bank Of Salem
—
—
Joe G Thomas
—
Deed Of Trust
related
$670,000 · Bank Of Salem
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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