5555 Cornelius Pass RdHillsboro, OR 97124

Property Details for 5555 Cornelius Pass Rd

Year built

1985

Lot size

0.22 AC

Property size (Sq ft)

6,632 SF

Zone code

SID

Property type

Auto shops

APN

1N223AC-03200

APU

1N223AC03200

Description

This exceptional 6,632 square foot light manufacturing building is situated in Hillsboro, Oregon, at 5555 NE Cornelius Pass Rd, zip code 97124. Located in unincorporated Washington County, this two-story structure boasts a desirable I-P Zoning classification with a Special Industrial District overlay, offering significant flexibility for various manufacturing operations. The asking price is $1,100,000, translating to $165.86 per square foot. The property has recently undergone extensive renovations, including the installation of a new breaker box equipped with both 240V and 220V panels, ensuring ample power for manufacturing equipment. Modernization efforts also encompass new LED lighting throughout, new flooring, and fresh interior and exterior paint, presenting a clean and efficient workspace. Its convenient location offers easy access to Sunset Highway (26) and Cornelius Pass Road, providing excellent transportation links for both employees and the movement of goods. This turnkey facility is ready for immediate occupancy and presents a compelling investment opportunity in a thriving industrial area. The property consists of one building.

• CAP approach

  CAP return

  Valuation

  6%

  $2,217,308

  6.5%

  $2,046,746

  7%

  $1,900,550

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,300,853

  Geo Method

  $3,218,520

• Alternative Use

  Use

  Valuation

  Residential

  $1,726,507

  Hospitality

  $1,581,471

  Educational

  $1,315,765

  Medical

  $1,361,017

  Retail

  $2,046,746

Location Insight

City

Cornelius

County

Washington

State

Oregon

Latitude

45.56

Longitude

-122.899

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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