1904 Elm St, Forest Grove, OR
Retail property with high visibility near Pacific University.
- Added:
- Apr 15, 2025
- Days on Market:
- 429
- Last Refresh:
- May 20 at 9:18 pm
Property Features for 1904 Elm St
General Information
- Standard status
- Active
- Size
- 3,936 SF
- Lot size
- 0.26 Acres
- Property subtype
- RETAIL
Listing agent Todd VanDomelen
Listing office Norris & Stevens, Inc. - Corporate (503) 223-3171
Listing date Apr 15, 2025
Source Moodyscre
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 Norris & Stevens, Inc. - Corporate
HighLights
- Great visibility & signage
- Prime corner location
- New HVAC units installed
- Metal roof
- Just south of Pacific University
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.8k | $18.00 |
| − Vacancy | −$7.1k | −$1.80 |
| EGI | $63.8k | $16.20 |
| − OpEx | −$19.1k | −$4.86 |
| NOI | $44.6k | $11.34 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Forest Grove
- County
- Washington
- State
- Oregon
- Longitude
- -123.103
- Latitude
- 45.5185
