Property profile

2016 Pacific Ave Forest Grove, OR 97116

OFF-MARKET
Commercial real estate
Property ID
US71-1850102
10,692 SF 0.3 ac lot
Entity Owned 8-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Total area 10,692 SF
Lot 0.3 ac (13,024 SF)
Zoning code TCC
APN 1S306BB-09200
UPID US71-1850102

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

2016 Pacific Ave Forest Grove, OR 97116-2328
Forest Grove metro Census 33101 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.90M
Blend (final) Blend
$1.91M

Owner & transaction history

since 2018
7 recorded transactions
2018
Price N/A
2018
$1.0M
2018
Price N/A
2015
$1.0M
2005
$1.0M
2005
Price N/A
1969
Price N/A

Zoning & alternative use

TCC · Forest Grove, OR
Zoning description

The purpose of this zone is to provide a concentration of retail and office uses in a defined area

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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