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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Retail space
1610 Adair St Cornelius, OR 97113-8831
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0613451
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1973
Total area
4,248 SF
Lot
0.29 ac (12,632 SF)
Zoning code
CC
APN
1N333DD-04400
UPID
US71-0613451
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
-
Verboort Agency State Farm - Cornelius Branch Insurance Agency
-
Vigo Bank Credit Union
-
Grupo Manifiesto de “Amor y Servicio Association Or Organization
-
Ria Money Transfer - Money Wires World Wide Bank Credit Union
-
Doing Taxes 4U Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$597k
Blend (final)
Blend
$595k
Owner & transaction history
State Of Oregon · 4 yrs held
State Of Oregon
since 2021
Last sale
$750
6 recorded transactions
Zoning & alternative use
CC · Cornelius, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Cornelius submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cornelius 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
RETAIL STORES
$950,000
Current use
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $750 (Oct 19 2021)
Last sale anchor
$750
Oct 19 2021
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
$140 / 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
$5,859
Tax year 2023
Assessed value
$337,960
Assessed 2023
Previous assessed
$328,120
+3.0% YoY
Effective rate
1.73%
On assessed value
Land market value
$204,260
Improvement market value
$607,410
Total market value
$811,670
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1973
Heating
NONE
Total area
4,248 SF
Lot
0.29 ac (12,632 SF)
Zoning code
CC
APN
1N333DD-04400
UPID
US71-0613451
Jurisdiction
WASHINGTON
Zoning & alternative use
CC · Cornelius, OR
Zoning CC · permitted uses
CC · Cornelius, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cornelius. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$950,000
RETAIL STORES Current
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
1973
Heating
NONE
Lot
0.29 ac
Current owner
From public records · entity-resolved
State Of Oregon
Individual
Free & Clear · 4 yrs held
Mailing address
560 SE 4TH AVE STE #250, HILLSBORO, OR 97123-5155
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2021
$750
State Of Oregon
A & W Properties LLC
Warranty Deed
—
Feb 26, 2004
—
A & W Properties LLC
Wetter,douglas S
Grant Deed
$784,000 · Columbia Community Bank
Oct 31, 2003
$890,000
Charles J Aldrink
Straight-ahead Shelter
Grant Deed
—
Nov 10, 1999
$425,000
Straight-ahead Shelter INC
Fuji Trust
Grant Deed
$249,000 · West Coast Bank
—
—
A & W Properties LLC
—
Loan Modification
related
—
—
—
Straight A Shelter
—
Deed Of Trust
related
$150,000 · West Coast Bank
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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