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Property profile & analytics
OFF-MARKET
Estimated value
$690,000
Retail space
1933 Pacific Ave Forest Grove, OR 97116-2478
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0140961
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1936
Total area
5,664 SF
Lot
0.04 ac (1,900 SF)
Zoning code
TCC
APN
1S306BB-02700
UPID
US71-0140961
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
$740k
Blend (final)
Blend
$690k
Owner & transaction history
Phillip E Sibbet · 5 yrs held
Phillip E Sibbet
since 2021
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
TCC · Forest Grove, 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 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
$585,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$690k
Range $621k – $759k · ±10% · vs last sale $550k (Jun 24 2021)
Last sale anchor
$550k
Jun 24 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
$122 / 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
$3,769
Tax year 2023
Assessed value
$200,800
Assessed 2023
Previous assessed
$194,960
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$81,720
Improvement market value
$583,960
Total market value
$665,680
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
1936
Heating
NONE
Total area
5,664 SF
Lot
0.04 ac (1,900 SF)
Zoning code
TCC
APN
1S306BB-02700
UPID
US71-0140961
Jurisdiction
WASHINGTON
Zoning & alternative use
TCC · Forest Grove, OR
Zoning TCC · permitted uses
TCC · 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.
Building & site characteristics
From public records
Year built
1936
Heating
NONE
Lot
0.04 ac
Current owner
From public records · entity-resolved
Phillip E Sibbet
Individual
Mailing address
15470 NW WESTBROOK WAY, PORTLAND, OR 97229-9269
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2021
$550,000
Phillip E Sibbet
Binaya Sharma
Warranty Deed
—
Dec 23, 2019
—
Binaya Sharma
—
Deed
related
$445,000 · Atlantic Cap Bk
Nov 20, 2017
$396,000
Binaya Sharma
Gregory M Baumgart
Warranty Deed
$297,000 · First American Title Insurance
Sep 21, 2012
—
Baumgart Gregory M & Betty Trust
Baumgart Gregory M Trust
Quit Claim Deed
related
—
Aug 30, 2011
$330,000
Baumgart Gregory M Trust
Ab Frye Property LLC
Warranty Deed
—
Jan 8, 2007
—
Ab Frye Property LLC
Frye,aaron M & Brandi T
Quit Claim Deed
related
—
Jun 8, 1999
$224,000
Aaron M Frye
Omion,donald E & Carolyn S
Grant Deed
$180,000 · West Coast Bank
—
—
Baumgart Gregory M Trust
—
Deed Of Trust
related
$123,338 · Bank Of Astoria
—
—
Binaya Sharma
—
Deed Of Trust
related
$445,000 · Atlantic Cap Bk
—
—
Aaron M Frye
—
Deed Of Trust
related
$170,000 · 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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