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Property profile & analytics
OFF-MARKET
Estimated value
$7,225,000
Strip malls
2222 Baseline St Cornelius, OR 97113-8616
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0495212
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Total area
169,970 SF
Lot
14.25 ac (620,730 SF)
Zoning code
GMU
APN
1N334CD-00301
UPID
US71-0495212
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
by Request
Blend (final)
Blend
$7.23M
Owner & transaction history
Fred Meyer Stores INC · 1 yrs held
Fred Meyer Stores INC
since 2025
Last sale
$7.2M
7 recorded transactions
Zoning & alternative use
GMU · Cornelius, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
GATEWAY MIXED USE (GMU) (§ 18.75.010 - § 18.75.080) Chapter 18.80 MAIN STREET CIVIC ZONE (MSC) Chapter 18.85 MAIN STREET DESIGN OVERLAY (MSDO) Chapter 18.90 FLOODPLAIN DISTRICT (FP) (§ 18.90.010 - § 18.90.080) Chapter 18.95 NATURAL RESOURCES OVERLAY (NRO) (§ 18.95.010 - § 18.95.060)
Zone name
Gateway Mixed Use
General category
MIXED_USE
Zone area
57.63 ac
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 Cornelius submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cornelius 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
$7,270,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.23M
Range $6.50M – $7.95M · ±10% · vs last sale $7.20M (May 22 2025)
Last sale anchor
$7.20M
May 22 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
$43 / 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
$277,845
Tax year 2023
Assessed value
$16,026,200
Assessed 2023
Previous assessed
$308,270
+5,098.8% YoY
Effective rate
1.73%
On assessed value
Land market value
$6,952,180
Improvement market value
$24,372,190
Total market value
$31,324,370
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Heating
NONE
Buildings
2
Total area
169,970 SF
Lot
14.25 ac (620,730 SF)
Zoning code
GMU
APN
1N334CD-00301
UPID
US71-0495212
Jurisdiction
WASHINGTON
Zoning & alternative use
GMU · Cornelius, ORZoning GMU · permitted uses
GMU · Cornelius, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
GATEWAY MIXED USE (GMU) (§ 18.75.010 - § 18.75.080) Chapter 18.80 MAIN STREET CIVIC ZONE (MSC) Chapter 18.85 MAIN STREET DESIGN OVERLAY (MSDO) Chapter 18.90 FLOODPLAIN DISTRICT (FP) (§ 18.90.010 - § 18.90.080) Chapter 18.95 NATURAL RESOURCES OVERLAY (NRO) (§ 18.95.010 - § 18.95.060)
Zone name
Gateway Mixed Use
General category
MIXED_USE
Zone area
57.63 ac
Building & site characteristics
From public records
Heating
NONE
Buildings
2
Lot
14.25 ac
Current owner
From public records · entity-resolved
Fred Meyer Stores INC
Entity
Free & Clear · 1 yrs held
Mailing address
1014 VINE ST #7, CINCINNATI, OH 45202-1141
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2025
—
Fred Meyer Stores INC
Tom Moyer Theatres LLC
Deed
—
May 22, 2025
$7,200,000
Fred Meyer Stores INC
Tom Moyer Theatres LLC
Warranty Deed
—
Apr 22, 2015
$1,020,000
Bk2200 Venture LLC
Tom Moyer Theatres LLC
Warranty Deed
—
Mar 25, 2015
$542,362
Cft Nv Devs LLC
Tom Moyer Theatres
Grant Deed
—
May 29, 2013
—
Tom Moyer Theatres LLC
—
Deed Of Trust
related
$16,600,000 · Nli Commercial Mortgage Fund
Aug 19, 2003
—
Tom Moyer Theatres
—
Deed Of Trust
related
$4,700,000 · Jefferson-pilot Life Insurance
—
—
Rio One LLC
—
Deed Of Trust
related
$800,000 · Franchise Acceptance Corp Ltd
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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