Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Drive through restaurants
1880 Baseline St Cornelius, OR 97113-8208
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0880668
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1978
Total area
2,460 SF
Lot
0.67 ac (29,185 SF)
Zoning code
CC
APN
1N334CC-00701
UPID
US71-0880668
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
-
Cornelius Pass Retail Center Business Service Center Corporate Office
-
Sonic Drive-In Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$1.10M
Owner & transaction history
Lagniappe Holdings LLC · 12 yrs held
Lagniappe Holdings LLC
since 2014
7 recorded transactions
Zoning & alternative use
CC · Cornelius, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
IAL ZONE (LI) (§ 18.54.010 - § 18.54.080) Chapter 18.55 GENERAL INDUSTRIAL ZONE (M-1) (§ 18.55.010 - § 18.55.080) Chapter 18.60 CENTRAL MIXED USE ZONE (CMU) (§ 18.60.010 - § 18.60.080) Chapter 18.65 CORRIDOR COMMERCIAL (CC) (§ 18.65.010 - § 18.65.080) Chapter 18.70 CORE RESIDENTIAL ZONE (CR) (§ 18.70.010 - § 18.70.090) Chapter 18.75 GATEWAY MIXED USE (GMU) (…
Zone name
Corridor Commercial
General category
MIXED_USE
Zone area
25.52 ac
Top alternative use upside
Medical building
$785,000
+5.3%
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
RESTAURANT
$745,000
Current use
MEDICAL BUILDING
$785,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$680,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±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
$447 / 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
$10,265
Tax year 2023
Assessed value
$592,110
Assessed 2023
Previous assessed
$574,870
+3.0% YoY
Effective rate
1.73%
On assessed value
Land market value
$462,610
Improvement market value
$1,533,270
Total market value
$1,995,880
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1978
Heating
NONE
Total area
2,460 SF
Lot
0.67 ac (29,185 SF)
Zoning code
CC
APN
1N334CC-00701
UPID
US71-0880668
Jurisdiction
WASHINGTON
Zoning & alternative use
CC · Cornelius, ORZoning CC · permitted uses
CC · Cornelius, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
IAL ZONE (LI) (§ 18.54.010 - § 18.54.080) Chapter 18.55 GENERAL INDUSTRIAL ZONE (M-1) (§ 18.55.010 - § 18.55.080) Chapter 18.60 CENTRAL MIXED USE ZONE (CMU) (§ 18.60.010 - § 18.60.080) Chapter 18.65 CORRIDOR COMMERCIAL (CC) (§ 18.65.010 - § 18.65.080) Chapter 18.70 CORE RESIDENTIAL ZONE (CR) (§ 18.70.010 - § 18.70.090) Chapter 18.75 GATEWAY MIXED USE (GMU) (§ 18.75.010 - § 18.75.080) Chapter 18.80 MAIN STREET CIVIC ZONE (MSC) Chapter 18.8
Zone name
Corridor Commercial
General category
MIXED_USE
Zone area
25.52 ac
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$745,000
MEDICAL BUILDING
Est. value
$785,000
COMMERCIAL (GENERAL)
Est. value
$680,000
RESTAURANT Current
MEDICAL BUILDING
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
1978
Heating
NONE
Lot
0.67 ac
Current owner
From public records · entity-resolved
Lagniappe Holdings LLC
Entity
Free & Clear · 12 yrs held
Mailing address
915 SLOCUM ST, DALLAS, TX 75207-4216
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Mar 27, 2014
—
Lagniappe Holdings LLC
Calvin Land Trust
Warranty Deed
related
—
Mar 14, 2014
—
Sa W Land Trust
Mwf Bascos LLC
Warranty Deed
related
—
Nov 21, 2011
—
Mwf Bascos LLC
—
Deed Of Trust
related
$1,453,678 · Community National Bank & Tr
Aug 24, 2011
$500,000
Mwf Bascos LLC
Warren C Ross
Warranty Deed
$1,031,856 · Community National Bank & Trust
Sep 9, 2003
—
Cornelius Retail Center LLC
—
Trustees Deed
related
$1,112,000 · American West Bank
Aug 7, 2003
—
Cornelius Retail Center LLC
C 1031 Properties INC
Quit Claim Deed
related
—
Jul 2, 2003
—
Cornelius Retail Center LLC
1031 Properties INC
Quit Claim Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1880 Baseline St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
