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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Hillsboro, OR 97123

    • Assisted living facilities
    • 31,124 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimations
    $4,735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1302766
    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

    • Assisted living facilities

    Property Details

    Year built
    1985
    Lot size
    0.19 lot acres
    Property size
    31,124 SF
    Zone code
    MFR-2
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    1N232AC-05400
    APU
    1N232AC05400

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,732,000
      Market price range: $4.73M - $8.25M
      AI Estimate
      $4,732,000
      Market price range: $4.73M - $8.25M

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $6,225,000
      Current use
      RETAIL STORES
      $7,430,000
      Change: +19% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $6,940,000
      Change: +11% Conversion: Difficult
      WAREHOUSE, STORAGE
      $5,565,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hillsboro
    County
    Washington
    State
    Oregon
    Longitude
    -122.963
    Latitude
    45.5304
    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
    $10,158
    $0.00
    $0.00
    $602,910
    -
    $167,010
    $435,900
    $602,910

    Comparable in this City

    • Value Estimation by Request
      2,116 SF

      2731 Lonny Ct

      HOMES (RETIRED, NURSING) • 2,116 SF
      2731 Lonny Ct, Hillsboro, OR 97123-8371
      View Details
    • Value Estimation
      $1,020,000
      5,102 SF

      454 Washington St

      HOMES (RETIRED, NURSING) • 5,102 SF
      454 Washington St, Hillsboro, OR 97123-4141
      View Details
    • Value Estimation by Request
      2,432 SF

      7061 Borwick St

      HOMES (RETIRED, NURSING) • 2,432 SF
      7061 Borwick St, Hillsboro, OR 97123-3692
      View Details
    • Value Estimation
      $745,000
      3,672 SF

      1325 40th Ave

      HOMES (RETIRED, NURSING) • 3,672 SF
      1325 40th Ave, Hillsboro, OR 97123-7508
      View Details
    • Value Estimation
      $560,000
      3,301 SF

      3834 Main St

      HOMES (RETIRED, NURSING) • 3,301 SF
      3834 Main St, Hillsboro, OR 97123-6850
      View Details
    • Value Estimation
      $24,540,000
      151,289 SF

      2405 Century Blvd, Unit 327

      HOMES (RETIRED, NURSING) • 151,289 SF
      2405 Century Blvd, Hillsboro, OR 97123-8397
      View Details

    Similar Nearby for Sale

    • $825,000
      2,798 SF

      2706 Spruce St

      Turn key investment opportunity - Adult foster care/ Multi-generational living
      2706 Spruce St, Hillsboro, OR 97123
      View Details
    • $825,000
      2,798 SF

      Updated Home with Accessibility Features

      Updated 8-bedroom home ideal for multigenerational living or adult foster care.
      2706 SE Spruce St, Hillsboro, OR 97123
      View Details
    • $825,000
      3,340 SF

      Hillsboro Medical Office Condo

      Spacious medical office suite, ideal owner-user.
      545 Southeast Oak Street, Hillsboro, OR 97123
      View Details
    • $825,000
      3,340 SF

      Hillsboro Medical Office Condo

      Prime Medical Office, Owner-User Opportunity
      545 Oak St, Hillsboro, OR 97123
      View Details
    • $377,000
      5.00 Acres

      Serene Hillsboro Land Parcel

      5-acre property with well, septic approval, and wooded privacy.
      18675 SW Forest Park Rd, Hillsboro, OR 97123
      View Details
    • New
      $435,000
      10.00 Acres

      Hillsboro Land with River Frontage

      10 acres of land with Tualatin River frontage.
      14640 SW Patricia Ave, Hillsboro, OR 97123
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      7,005 SF

      Hillsboro Medical Office Building

      7,005 SF Medical Office Space Available
      938-980 Oak St, Hillsboro, OR 97123
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Sunset Esplanade

      Retail space available in high-traffic Hillsboro shopping center.
      2105-2643 SE Tualatin Valley Hwy, Hillsboro, OR 97123
      View Details
    • Contact for pricing

      Graveled, Fenced Yard for Lease

      Graveled and fenced yard with excellent access and street presence.
      1733 Southwest Baseline St, Hillsboro, OR 97123
      View Details
    • Contact for pricing
      7,005 SF

      Hillsboro Office Space For Rent

      Centrally located office space in Hillsboro with high traffic.
      900-980 SE Oak St, Hillsboro, OR 97123
      View Details
    • Contact for pricing
      1,300 SF

      Neighborhood Shopping Center Retail Space

      Retail space available in established neighborhood shopping center.
      7410-7500 E Main St, Hillsboro, OR 97123
      View Details
    • $19 SF/Yr
      1,833 SF

      Hillsboro Fitness Center Space

      1833 sq ft Retail Space in Portland
      6095 Tualatin Valley Hwy, Hillsboro, OR 97123
      View Details
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    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
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