Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Forest Grove Land Parcel Title is generated by Realmo AI

    C St lot #1, Forest Grove, OR 97116

    View on Map
    Claim this Listing
    For Sale
    $120,000

    LAND - ForestGrove, OR

    Lot size:
    0.22 Acres
    Added:
    Jul 24, 2024
    Days on Market:
    668
    Last Refresh:
    May 22 at 2:06 am

    Property Features for C St lot #1

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    CC
    Standard status
    Active
    APN
    R1460494
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Description
    NAYLOR'S ADDITION, BLOCK 1, LOT PT 3, ACRES 0.22
    Tax Annual Amount
    946

    We can help!

    Listing Contact
    Kirk Sherrill

    Listing agent Kirk Sherrill

    Listing office Premiere Property Group, LLC 1500 NW Bethany Blvd Ste 190, Lake Oswego, OR

    Listing date Jul 24, 2024

    MLS# 24260044 Listing URL

    Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime downtown Forest Grove location ideal for multi‑family housing, university student housing, or commercial ventures.
    • Expand your development potential with the opportunity to purchase the adjacent property (rmls# 24232816).
    • Owner open to an "owner carried contract" for the right offer.
    • Deeded easement from neighboring hotel property provides access.
    • City is encouraging multi‑family housing development on this site.
    • Unlikely to be permitted for single‑family residence.

    Overview

    Located in downtown Forest Grove, this 0.22-acre land parcel presents opportunities for multi-family housing, university student housing, or commercial development. The city is looking for multi family housing for this property and is unlikely to permit any single family residence. Adjacent to another property also for sale, combining both parcels may offer enhanced development potential. A neighboring hotel property has a deeded easement allowing access to this property. The buyer needs to do their "due diligence" with the city and the county regarding easement access information.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Forest Grove
    County
    Washington
    State
    Oregon
    Longitude
    -123.117777
    Latitude
    45.516461

    Nearby Similar for Sale

    • $1,059,900
      3,552 SF

      Turnkey Forest Grove Quadplex Investment

      Income-producing quadplex in Forest Grove's Old Town district.
      1630 CEDAR St, ForestGrove, OR 97116
      View Details
    • $450,000

      Forest Grove Duplex Investment Opportunity

      Tenant-occupied duplex near amenities and Pacific University in Forest Grove.
      3013 22ND Ave, ForestGrove, OR 97116
      View Details
    • $6,300,000
      26,787 SF

      Forest Grove Multifamily Investment Opportunity

      Residential income property near Pacific University with strong rental demand.
      1270 PACIFIC Ave, ForestGrove, OR 97116
      View Details
    • $299,900

      Forest Grove Vacant Commercial Land

      0.36 acre vacant lot in growing Forest Grove community.
      1821 HAWTHORNE St, ForestGrove, OR 97116
      View Details
    • $399,000

      Development Opportunity in Forest Grove

      Development opportunity in Forest Grove's Town Center with potential SDC credits.
      2323 19TH Ave, ForestGrove, OR 97116
      View Details
    • $2,500,000
      10,268 SF

      Downtown Forest Grove Leased Retail

      Fully leased retail property in downtown Forest Grove near Pacific University.
      1923-2104 Main Street, Forest Grove, OR 97116
      View Details
    • $299,000

      Dual-Home Potential City Lot

      Build-ready lot with dual-home potential in ForestGrove, Oregon.
      2917 Boyd Ln, ForestGrove, OR 97116
      View Details
    • $849,900

      51.8 Acres Ready to Build

      Farm property near town with building and septic approval.
      2369 NW Martin Rd, ForestGrove, OR 97116
      View Details
    • $315,000
      15,681 SF

      Commercial Lot in Forest Grove

      0.36 acre vacant lot in growing Forest Grove community.
      1821 Hawthorne Street, Forest Grove, OR 97116
      View Details
    • $375,000

      Ready-to-Build Land Parcel

      Two-acre lot near town, approved for building.
      2303 NW Martin Rd, ForestGrove, OR 97116
      View Details
    • $1,000,000
      12,000 SF

      Historic Building in Downtown

      Three-story building in downtown Forest Grove, across from Pacific University.
      2038 Pacific Ave, Forest Grove, OR 97116
      View Details
    • $859,000

      Forest Grove Land For Sale

      109 acre land parcel near Forest Grove, Oregon.
      NW Ridge Rd, ForestGrove, OR 97116
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land suitable for multi-family housing or commercial use.
    Where is this commercial land located?
    The property is located at C St lot #1 Forest Grove, OR.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: Prime downtown Forest Grove location ideal for multi‑family housing, university student housing, or commercial ventures.; Expand your development potential with the opportunity to purchase the adjacent property (rmls# 24232816).; Owner open to an "owner carried contract" for the right offer.
    (503) 799-8602
    We can help!
    Listing Contact
    Kirk Sherrill
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    C St lot: #1, ForestGrove, OR 97116
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!