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Property profile & analytics
OFF-MARKET
Estimated value
$17,320,000
Office Spaces
1585 Poplar St Forest Grove, OR 97116-2033
Individually Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-1374247
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Total area
62,500 SF
Lot
13.54 ac (589,802 SF)
Zoning code
LI
APN
1S30500-01400
UPID
US71-1374247
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.32M
Blend (final)
Blend
$17.32M
Owner & transaction history
Clean Water Services · 7 yrs held
Clean Water Services
since 2019
4 recorded transactions
Zoning & alternative use
LI · Forest Grove, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$19.9M
+15.1%
Restaurant
$18.9M
+9.2%
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 Forest Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest Grove 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
by Request
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)
$17,320,000
Current use
MEDICAL BUILDING
$19,930,000
Change: +15% · Conversion: Easy
RESTAURANT
$18,920,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$13,980,000
Change: -19% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$13,890,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$17.32M
Range $15.59M – $19.05M · ±10%
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
$277 / 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
Previous assessed
$2,366,840
Land market value
$4,273,920
Improvement market value
$3,872,790
Total market value
$8,146,710
Applied tax rate
15.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Heating
NONE
Total area
62,500 SF
Lot
13.54 ac (589,802 SF)
Zoning code
LI
APN
1S30500-01400
UPID
US71-1374247
Jurisdiction
WASHINGTON
Zoning & alternative use
LI · Forest Grove, OR
Zoning LI · permitted uses
LI · Forest Grove, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forest Grove. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$17.3M
MEDICAL BUILDING
Est. value
$19.9M
RESTAURANT
Est. value
$18.9M
RETAIL STORES
Est. value
$14.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.9M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
Heating
NONE
Lot
13.54 ac
Current owner
From public records · entity-resolved
Clean Water Services
Individual
Free & Clear · 7 yrs held
Mailing address
2550 SW HILLSBORO HWY, HILLSBORO, OR 97123-9379
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2019
$2,266,000
Clean Water Services
Ttm Technologies N America LLC
Warranty Deed
—
Feb 28, 2014
$914,000
Clean Water Services
Merix Corp
Warranty Deed
—
—
—
Viasystems Corp
—
Loan Modification
related
$100,000,000 · Wells Fargo Cap Fin
—
—
Merix Corp
—
Deed Of Trust
related
$75,000 · Wachovia Capital Finance Corp
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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