Property profile

2124 College Way Forest Grove, OR 97116

OFF-MARKET
Commercial real estate
Property ID
US71-0601838
2,188 SF 0.14 ac lot Built 1923
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1923
Construction WOOD FRAME
Total area 2,188 SF
Lot 0.14 ac (6,105 SF)
Zoning code RMH
APN 1N331CC-07900
UPID US71-0601838

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
  • Church Mosque

Location

2124 College Way Forest Grove, OR 97116-1727
Forest Grove metro Census 33202 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$606k
Blend (final) Blend
$440k

Owner & transaction history

Zoning & alternative use

RMH · Forest Grove, OR
Zoning description

The RH zone is intended fordevelopmentof multi unit residential buildings and this zone also allows small lot single unit homes

General category RESIDENTIAL
Top alternative use upside
Medical building $700,000 +15.1%

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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