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Property profile & analytics
OFF-MARKET
Estimated value
$1,070,000
Retail space
2007 Pacific Ave, Forest Grove, OR 97116-2327
Trust Owned
Absentee Owner
Free & Clear
Property ID
US71-0110200
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1917
Total area
5,085 SF
Lot
0.05 ac (2,178 SF)
Zoning code
TCC
APN
1S306BB-00600
UPID
US71-0110200
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
$1.49M
Blend (final)
Blend
$1.07M
Owner & transaction history
Skyline Trust
Skyline Trust
since 2025
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
TCC · Forest Grove, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.6M
+42.5%
Restaurant
$1.5M
+35.3%
Commercial (general)
$1.4M
+23.9%
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
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
$1,140,000
Current use
MEDICAL BUILDING
$1,620,000
Change: +43% · Conversion: Difficult
RESTAURANT
$1,540,000
Change: +35% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,410,000
Change: +24% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,130,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$1.07M
Range $963k – $1.18M · ±10% · vs last sale $650k (May 21 2025)
Last sale anchor
$650k
May 21 2025
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
$210 / 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
$15,792
Tax year 2023
Assessed value
$841,250
Assessed 2023
Previous assessed
$816,750
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$324,310
Improvement market value
$1,836,340
Total market value
$2,160,650
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
1917
Heating
NONE
Buildings
2
Total area
5,085 SF
Lot
0.05 ac (2,178 SF)
Zoning code
TCC
APN
1S306BB-00600
UPID
US71-0110200
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.6M
RESTAURANT
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RETAIL STORES Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1917
Heating
NONE
Buildings
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Skyline Trust
Trust
Free & Clear · 0 yrs held
Mailing address
237 NW SKYLINE BLVD, PORTLAND, OR 97210-1053
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2025
$650,000
Skyline Trust
Vahan IV Nw Tenth LLC
Warranty Deed
—
Jan 28, 2020
—
2275 W Burnside LLC
—
Deed
related
$157,000 · Sorfi LLC
Jul 26, 2019
—
2275 W Burnside LLC
—
Deed
related
$1,025,000 · Campbell Family Trust (pt)
Sep 20, 2018
$1,600,000
2275 W Burnside LLC
Anderson LLC
Warranty Deed
$925,000 · Anderson LLC
Sep 21, 2017
—
Anderson LLC
Sky Holdings LLC
Grant Deed
related
—
Jul 11, 2013
$161,000
Sky Holdings LLC
Cf Il Reo LLC
Grant Deed
—
Apr 5, 2013
$337,630
Cf Il Reo LLC
Deputy Sheriff Of Washington Cnty
Trustees Deed
related
—
Oct 9, 2012
—
Patricia M Cook
Cf Il LLC
Grant Deed
—
Apr 26, 2010
—
Beneficiaries Of Talbat Ents A Trust
Cook,patricia M
Grant Deed
—
Dec 14, 2006
—
Patricia M Cook
Rick Nowels
Special Warranty Deed
—
Oct 8, 2004
—
Stfrancis Land Trust
—
Trustees Deed
related
$117,000 · Asghar R Sadri
Apr 5, 1989
$80,000
Dwayne M Brittell
Unknown
Grant Deed
—
—
—
2275 W Burnside LLC
—
Deed Of Trust
related
$1,025,000 · Campbell Family Trust (pt)
—
—
Patricia M Cook
—
Deed Of Trust
related
$51,841 · Us Bank NA
—
—
2275 W Burnside LLC
—
Deed Of Trust
related
$157,000 · Sorfi LLC
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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