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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Turn key restaurants
10565 Glencoe Rd North Plains, OR 97133-8227
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0061949
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1946
Total area
4,698 SF
Lot
0.81 ac (35,284 SF)
Zoning code
C-2
APN
1N301DA-03200
UPID
US71-0061949
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Old Hich'en Post Restaurant Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$825k
Owner & transaction history
Fen So Li · 3 yrs held
Fen So Li
since 2022
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
C-2 · North Plains, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
District is to provide areas for the broad range of retail and service operations, as well as mixed use developments and live/work townhomes, which are dependent upon highway accessibility and visibility
Zone name
Highway Commercial
General category
MIXED_USE
Zone area
44.41 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs North Plains submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Plains submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$580,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,300,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $750k (Nov 28 2022)
Last sale anchor
$750k
Nov 28 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$176 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,319
Tax year 2023
Assessed value
$548,540
Assessed 2023
Previous assessed
$532,570
+3.0% YoY
Effective rate
1.52%
On assessed value
Land market value
$442,630
Improvement market value
$506,720
Total market value
$949,350
Applied tax rate
70.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1946
Heating
NONE
Buildings
2
Bathrooms
1
Total area
4,698 SF
Lot
0.81 ac (35,284 SF)
Zoning code
C-2
APN
1N301DA-03200
UPID
US71-0061949
Jurisdiction
WASHINGTON
Zoning & alternative use
C-2 · North Plains, ORZoning C-2 · permitted uses
C-2 · North Plains, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
District is to provide areas for the broad range of retail and service operations, as well as mixed use developments and live/work townhomes, which are dependent upon highway accessibility and visibility
Zone name
Highway Commercial
General category
MIXED_USE
Zone area
44.41 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.3M
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1946
Heating
NONE
Buildings
2
Bathrooms
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Fen So Li
Individual
Mailing address
13725 SW NORTHVIEW DR, TIGARD, OR 97223-2699
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2022
$750,000
Fen So Li
Tien Lung Ngo
Warranty Deed
$550,000 · Guardian Contract Services INC
Dec 20, 2019
—
Justin So
Li F So
Quit Claim Deed
related
—
Sep 7, 2010
—
Tien L Ngo
Hughes,roy L & Sandra M
Grant Deed
—
Sep 1, 2010
$400,000
Tien L Ngo
Luttrell Farms INC
Warranty Deed
—
Sep 1, 2010
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Sep 29, 2005
$850,000
Tien L Ngo
Hughes,roy L & Sandra M
Grant Deed
—
May 12, 1993
$140,000
Lauttrell Farms INC
Unknown
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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