Four-Tenant Storefront
For Sale
$625,000
1714 Pacific Ave, Forest Grove, OR 97116
Fully occupied commercial property with paved parking and convenient access near the city center.
Property Size3,776 SF
Price / SF$165.52
Days on Market94
Property Features for 1714 Pacific Ave
General Information
Standard status
Active
Size
3,776 SF
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$7,070
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Premiere Property Group, LLC
(503) 481-1615
Listed By:
Amber Morgan · License #201001153
(503) 481-1615
Source:
Exprealty
Added: May 29
Changed: Aug 30
Last Checked: Aug 30 at 2:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Premiere Property Group, LLC
Investment Insights
Based on property information with market context.
This 3,776-square-foot storefront building sits on nearly 1/4 acre and is occupied by four established tenants. The property includes dedicated paved parking for tenants and visitors, along with a location that provides convenient customer and employee access.
Situated just blocks from the city center, the building is near restaurants, shopping, and public transportation. Strong street visibility and full occupancy add practical value for an owner seeking an operating retail-oriented commercial property.
Situated just blocks from the city center, the building is near restaurants, shopping, and public transportation. Strong street visibility and full occupancy add practical value for an owner seeking an operating retail-oriented commercial property.
Key Highlights
- 3,776 SF commercial building on nearly 1/4 acre
- Four established tenants with 100% occupancy
- Dedicated paved parking for tenants and visitors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,820
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.85%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$856,400
$856.4K
Cap Rate 7%
$611,714
$611.7K
Cap Rate 9%
$475,778
$475.8K
Market Conditions
NOI Build-Up for 3,776 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$68.0K $18.00/SF
− Vacancy
−$6.8K −$1.80/SF
EGI
$61.2K $16.20/SF
− OpEx
−$18.4K −$4.86/SF
NOI
$42.8K $11.34/SF
Area
Washington County, OR
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$856,400
Cap Rate 7%
$611,714
Cap Rate 9%
$475,778
Alternative Uses
Best Use
Retail
$611.7K
$535.3K – $713.7K
NOI $42,820 @ 7.0% cap · market cap 6.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$891.8K – $1.19M
NOI $71,346 @ 7.0% cap · market cap 11.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
4k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 78%
Dining 20%
Hotels & Casinos 2%
Wells Fargo
Shops & Services
2,477 visits/mo
0.2 miles
BMO Harris Bank
Shops & Services
851 visits/mo
0.2 miles
Krispy Krunchy Chicken
Dining
844 visits/mo
0.3 miles
Budget Inn
Hotels & Casinos
104 visits/mo
0.1 miles
Demographics for 97116, OR
29,351
Population
10,229
Households
2.9
Avg Household Size
36
Median Age
33%
College-Educated
90%
High-School Grad
82.1 sq mi
ZIP Area
358
Density / Sq Mi
$87,308
Median Household Income
$42,330
Median Earnings
$1,397
Median Rent
$479,800
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- OK Floral of Forest Grove — 2015 Pacific Ave, Forest Grove, OR 97116
Frequently Asked Questions
What type of property is this?
Storefront property - Fully occupied commercial property with paved parking and convenient access near the city center.
Where is this storefront property located?
The property is located at 1714 Pacific Ave Forest Grove, OR.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 3,776 SF commercial building on nearly 1/4 acre; Four established tenants with 100% occupancy; Dedicated paved parking for tenants and visitors
