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Property profile & analytics
FOR SALE
Retail space
2333 Pacific Ave Forest Grove, OR 97116
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0030039
For Sale
1 / 3
$7,750,000
2333 Pacific Ave, Forest Grove, OR 97116
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
34,294 SF
Lot
2.47 ac (107,593 SF)
Zoning code
TCT
APN
1S306BA-00100
UPID
US71-0030039
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
$4.48M
Blend (final)
Blend
$4.48M
Owner & transaction history
Forest Grove Shopping Center L · 19 yrs held
Forest Grove Shopping Center L
since 2006
5 recorded transactions
Zoning & alternative use
TCT · Forest Grove, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$4.48M
Range $4.03M – $4.93M · ±10%
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
$131 / 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
$24,435
Tax year 2023
Assessed value
$1,301,670
Assessed 2023
Previous assessed
$1,263,760
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$1,616,700
Improvement market value
$5,246,150
Total market value
$6,862,850
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
For Sale
Heating
NONE
Buildings
2
Total area
34,294 SF
Lot
2.47 ac (107,593 SF)
Zoning code
TCT
APN
1S306BA-00100
UPID
US71-0030039
Jurisdiction
WASHINGTON
Zoning & alternative use
TCT · Forest Grove, OR
Zoning TCT · permitted uses
TCT · 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.
Building & site characteristics
From public records
Heating
NONE
Buildings
2
Lot
2.47 ac
Current owner
From public records · entity-resolved
Forest Grove Shopping Center L
Individual
Mailing address
2078 NW EVERETT ST, PORTLAND, OR 97209-1011
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2006
—
Forest Grove Shopping Center L
D & R Tacoma Apartment Invtrs
Warranty Deed
$4,000,000 · Lasalle National Bank
Jun 13, 2005
$4,700,000
D Ll
Brents Forest Grove Group L
Warranty Deed
$3,500,000 · Homestreet Bank
Jun 13, 2005
—
Brents Forest Grove Group LLC
Lost In The Forest Grove LLC
Grant Deed
related
—
Mar 12, 2002
$1,300,000
Lost In The Forest Grove LLC
Forest Grove Shopping Ctr Ptsh
Grant Deed
related
$2,200,000 · Us Bank Trust NA
—
—
Forest Grove Shopping Center
—
Deed Of Trust
related
$50,000 · Us Bank Of Washington
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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