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Property profile & analytics
OFF-MARKET
Turn key restaurants
2339 22nd Ave Forest Grove, OR 97116-1712
Individually Owned
Absentee Owner
Free & Clear
Property ID
US71-0495422
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Total area
1,338 SF
Lot
0.08 ac (3,485 SF)
Zoning code
RMH
APN
1N331DC-01300
UPID
US71-0495422
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
by Request
Owner & transaction history
CYNTHIA J SMITH
CYNTHIA J SMITH
Zoning & alternative use
RMH · Forest Grove, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The RH zone is intended fordevelopmentof multi unit residential buildings and this zone also allows small lot single unit homes
Zone name
Residential Multifamily High 20.28 Dwelling Units Per Acre
General category
RESIDENTIAL
Zone area
399.66 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,578
Tax year 2023
Assessed value
$190,630
Assessed 2023
Previous assessed
$131,000
+45.5% YoY
Effective rate
1.88%
On assessed value
Land market value
$113,370
Improvement market value
$224,910
Total market value
$338,280
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Heating
NONE
Buildings
2
Total area
1,338 SF
Lot
0.08 ac (3,485 SF)
Zoning code
RMH
APN
1N331DC-01300
UPID
US71-0495422
Jurisdiction
WASHINGTON
Zoning & alternative use
RMH · Forest Grove, ORZoning RMH · permitted uses
RMH · Forest Grove, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The RH zone is intended fordevelopmentof multi unit residential buildings and this zone also allows small lot single unit homes
Zone name
Residential Multifamily High 20.28 Dwelling Units Per Acre
General category
RESIDENTIAL
Zone area
399.66 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Buildings
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
CYNTHIA J SMITH
Individual
Free & Clear · 0 yrs held
Mailing address
186 E MARKWOOD DR, CHANDLER, AZ 85286-2802
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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