545 Oak StHillsboro, OR 97123

Property Details for 545 Oak St

Lot size

0.03 AC

Property size (Sq ft)

1,284 SF

Zone code

SCC-DT

Property type

Medical offices

Property subtype

Medical centers

APN

1S206BA-90001

APU

1S206BA90001

Description

This exceptional 3,340 square foot medical office condo, located at 545 SE Oak St, Suite C, Hillsboro, OR 97123, presents a unique owner-user opportunity. Situated in a serene medical complex in downtown Hillsboro, this single-story, 1985-built building offers a convenient location near the Hillsboro Medical Center and numerous complementary businesses. The property boasts eleven clinic rooms, a reception area, a front office, a break room with kitchenette, and three bathrooms, making it ideal for a variety of medical practices. Previously used as a cardiology clinic, the suite features abundant natural light and access to a courtyard garden. The property includes access to a shared 37-stall parking lot and an additional 22 gated parking spaces nearby, totaling 59 parking stalls. The convenient location offers easy access to the Hillsboro Airport (5-minute drive) and Downtown Portland (30-minute drive), and is within three blocks of two MAX Light Rail stops. The property sits on a 3,506 square foot lot and is zoned SCC-DT Commercial. The asking price is $825,000. This is a rare opportunity to acquire a well-appointed medical office space in a thriving, centrally located area within Oregon's "Silicon Forest." The APN is R1344058.

• CAP approach

  CAP return

  Valuation

  6%

  $292,031

  6.5%

  $269,567

  7%

  $250,312

• Comparable approach

  Method

  Valuation

  Relative Method

  $253,598

  Geo Method

  $247,273

• Alternative Use

  Use

  Valuation

  Residential

  $334,263

  Hospitality

  $306,184

  Educational

  $254,741

  Medical

  $263,502

  Retail

  $396,264

Location Insight

City

Hillsboro

County

Washington

State

Oregon

Latitude

45.5191

Longitude

-122.982

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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