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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
168 2nd St Pilot Rock, OR 97868
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-0753405
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1948
Total area
8,992 SF
Lot
0.6 ac (26,182 SF)
Zoning code
C-1
APN
1S3217AA04300
UPID
US71-0753405
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Hira Investment INC · 2 yrs held
Hira Investment INC
since 2023
Last sale
$295,000
1 recorded transaction
Zoning & alternative use
C-1 · Pilot Rock, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
onal standards. Chapter 18.25 R-3 LIMITED RESIDENTIAL - MOBILE HOME ZONE Chapter 18.30 R-4 FARM RESIDENTIAL ZONE § 18.30.010 Permitted uses. § 18.30.020 Conditional uses. § 18.30.030 Dimensional standards. Chapter 18.35 C-1 COMMERCIAL ZONE § 18.35.010 Permitted uses. § 18.35.020 Conditional uses. § 18.35.030 Dimensional standards. Chapter 18.40 M-1 LIGHT IND…
Zone name
Commercial
General category
COMMERCIAL
Zone area
26.46 ac
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 Pilot Rock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pilot Rock 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,253
Tax year 2023
Assessed value
$254,690
Assessed 2023
Previous assessed
$237,700
+7.1% YoY
Effective rate
1.67%
On assessed value
Assessed land
$28,730
Assessed improvement
$225,960
Land market value
$29,540
Improvement market value
$241,470
Total market value
$271,010
Applied tax rate
201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1948
Heating
NONE
Total area
8,992 SF
Lot
0.6 ac (26,182 SF)
Zoning code
C-1
APN
1S3217AA04300
UPID
US71-0753405
Jurisdiction
UMATILLA
Zoning & alternative use
C-1 · Pilot Rock, ORZoning C-1 · permitted uses
C-1 · Pilot Rock, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
onal standards. Chapter 18.25 R-3 LIMITED RESIDENTIAL - MOBILE HOME ZONE Chapter 18.30 R-4 FARM RESIDENTIAL ZONE § 18.30.010 Permitted uses. § 18.30.020 Conditional uses. § 18.30.030 Dimensional standards. Chapter 18.35 C-1 COMMERCIAL ZONE § 18.35.010 Permitted uses. § 18.35.020 Conditional uses. § 18.35.030 Dimensional standards. Chapter 18.40 M-1 LIGHT INDUSTRIAL ZONE § 18.40.010 Permitted uses. § 18.40.020 Conditional uses. § 18.40.030
Zone name
Commercial
General category
COMMERCIAL
Zone area
26.46 ac
Building & site characteristics
From public records
Year built
1948
Heating
NONE
Lot
0.6 ac
Current owner
From public records · entity-resolved
Hira Investment INC
Entity
Mailing address
895 NE 25TH AVE, HILLSBORO, OR 97124-5975
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2023
$295,000
Hira Investment INC
Charles R Aster
Warranty Deed
$170,000 · Charles R Aster Etux
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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