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Property summary
This single-story cement block office building is situated on a 0.41-acre lot and is configured as two tenant spaces. The building contains 10 rooms or offices and three bathrooms, including a smaller unit of approximately 600 square feet with three rooms and one bathroom, and a larger unit of approximately 1,824 square feet with seven rooms/offices, a large storage room, and two bathrooms. The larger unit is designed to be capable of subdivision to create a third commercial unit for owner occupancy or for leasing to another tenant. On-site parking is provided for approximately 25 vehicles. The property is located near Pacific University on a high-traffic road with reported volumes of up to 15,000 vehicles per day and lies within the Town Center Transition (TCT) Zone, which allows a range of commercial uses such as retail, office, repair-oriented services, eating and drinking establishments, day care, and multi-family uses.
Property profile
VerifiedCap rate & NOI
Current use
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Alternative Medicine Practice Spa & Massage Center
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Alternative Medicine Practice Spa & Massage Center
Location
Value estimations
Owner & transaction history
Zoning & alternative use
This district is a mix of retail, office, light industrial and residential uses, but ground floor retail uses are permitted but not required
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Forest Grove market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
TCT · Forest Grove, ORThis district is a mix of retail, office, light industrial and residential uses, but ground floor retail uses are permitted but not required
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
This district is a mix of retail, office, light industrial and residential uses, but ground floor retail uses are permitted but not required
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for TCT in Forest Grove, OR.
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