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Financial
Distress signals
Property profile

1927 21St Ave Forest Grove, OR 97116

FOR SALE
Retail space
Property ID
US71-0544659
9,881 SF 0.48 ac lot Built 2007
Last sale May 2015 · $585,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value$561k
Effective rate1.88%

Value estimate

· Oct 2026
$460k
$414k – $506k
Submarket $/SF estimate$1.29M
NOI build-up
Gross scheduled income$222k
Vacancy & credit loss−$10k
Operating expenses−$53k
NOI · 6.35% cap applied$159k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$224/SF
County average, outlier-cleaned · 86 recorded sales of this use type
Observed band · Q1–Q3$131 – $333

Cap rate analysis

How does the asset earn?
6.35%
$159k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
TCC
The purpose of this zone is to provide a concentration of retail and office uses in a defined area
General categoryCOMMERCIAL
JurisdictionWASHINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm12.3
Auto Parts Store9.9
Hair Salon9.6

Location

1927 21St Ave Forest Grove, OR 97116
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2038 Pacific, Forest Grove, OR 97116-2357 $398,900 Jul 2024 7,600 SF
2008 Main, Forest Grove, OR 97116-2335 $40,000 Jun 2024 6,412 SF
4315 Pacific, Forest Grove, OR 97116-2454 $1,600,000 Jun 2024 6,534 SF
1910 Main, Forest Grove, OR 97116-3090 $2,140,000 Apr 2023 8,432 SF
2017 Main, Forest Grove, OR 97116-2334 $890,000 Apr 2019 15,324 SF
2032 Pacific, Forest Grove, OR 97116-2357 $504,000 Mar 2019 7,322 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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