Active

$575,000

12295 NW Cornell Rd, Portland, OR 97229

--beds

0baths

0.39Acres

Unimproved Land

Built in ----

0.39 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Prime Cedar Mill development opportunity! This level 0.39-acre parcel is ideally located in Portland’s highly desirable 97229 zip code—home to executives from Nike and Intel. Zoned RC (Transit-Oriented Retail Commercial District), this property offers exceptional flexibility for future development. Current zoning allows for improvements up to 5,950 sq. ft. and supports a wide range of permitted uses, including retail businesses, professional offices, clinics, service establishments, and multi-family housing.Situated on a high-traffic corridor in the heart of Cedar Mill, this rare parcel is perfect for investors, developers, or business owners ready to stop paying rent and start building equity. Cedar Mill is growing and evolving into a vibrant, walkable town center community—don’t miss your chance to be part of it!

138 days

110

2

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Property

Lot

Size: 0.39 Acres
Dimensions: 100' x 150'
Features: Corner Lot, Level, SqFt 15000 to 19999

Details

Parcel number: R638625
On leased land: Yes
Land lease expiration date: 1794441600000
Zoning: RC

Community & HOA

Community

Subdivision: Mcgill Acres

HOA

Has HOA: No

Location

Region: Portland

Financial & listing details

Tax assessed value: $442,510
Annual tax amount: $5,113
Date on market: 11/12/2025
Listing terms: Conventional,FHA,VA Loan

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
11/13/2025	Listed for sale	$575,000-17.3%
Source: RMLS (OR) #546932754 Report a problem
9/15/2020	Listing removed	$695,000
Source: Wooster Realty #20648569 Report a problem
3/16/2020	Listed for sale	$695,000+157.4%
Source: Wooster Realty #20648569 Report a problem
1/15/2002	Sold	$270,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,114 +4.4%	$270,590 +3%
2024	$4,900 +6.5%	$262,710 +3%
2023	$4,601 +3.3%	$255,060 +3%
2022	$4,452 +3.7%	$247,640
2021	$4,292 +3.1%	--
2020	$4,163 +3.4%	$233,430 +3%
2019	$4,027 +3.4%	$226,640
2018	$3,895	$226,640 +6.1%
2017	$3,895 +7.6%	$213,640 +3%
2016	$3,621	$207,420 +3%
2015	$3,621 +4%	$201,380 +3%
2014	$3,481 +3.9%	$195,520 +3%
2013	$3,349 +12.5%	$189,830 +3%
2012	$2,978 +2.8%	$184,310 -41.2%
2011	$2,898 +2.6%	$313,480
2010	$2,825 +40.7%	$313,480 +5.6%
2006	$2,008 -11.5%	$296,990 +32.7%
2005	$2,268 +12.4%	$223,870 +0.1%
2004	$2,018 -7.4%	$223,690 +8.9%
2003	$2,179 +14.7%	$205,430 +6.4%
2002	$1,899 +3%	$193,130 +1.9%
2001	$1,844 +11.4%	$189,560 +4.3%
2000	$1,655	$181,700

Find assessor info on the county website

Monthly payment

Estimated monthly payment

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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