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Property profile & analytics
OFF-MARKET
Commercial land
235 Cornelius Pass Rd Cornelius, OR 97124-6699
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0158263
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1961
Construction
WOOD FRAME
Total area
3,110 SF
Lot
0.7 ac (30,492 SF)
Zoning code
MFR-2
APN
1N235CD-01000
UPID
US71-0158263
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
Gafa Estate LLC · 7 yrs held
Gafa Estate LLC
since 2018
7 recorded transactions
Zoning & alternative use
MFR-2 · Cornelius, 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 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
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
$149
Tax year 2023
Assessed value
$8,820
Assessed 2023
Previous assessed
$8,570
+2.9% YoY
Effective rate
1.69%
On assessed value
Land market value
$17,500
Total market value
$17,500
Applied tax rate
1.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1961
Construction
WOOD FRAME
Heating
HOT WATER
Bathrooms
3
Total area
3,110 SF
Lot
0.7 ac (30,492 SF)
Zoning code
MFR-2
APN
1N235CD-01000
UPID
US71-0158263
Jurisdiction
WASHINGTON
Zoning & alternative use
MFR-2 · Cornelius, OR
Zoning MFR-2 · permitted uses
MFR-2 · Cornelius, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cornelius. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Construction
WOOD FRAME
Heating
HOT WATER
Bathrooms
3
Lot
0.7 ac
Current owner
From public records · entity-resolved
Gafa Estate LLC
Entity
Free & Clear · 7 yrs held
Mailing address
12377 MERIT DR STE #500, DALLAS, TX 75251-2343
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2018
—
Gafa Estate LLC
Gafa Estate LLC
Quit Claim Deed
related
—
Jul 20, 2018
—
Gafa Estate LLC
—
Deed
related
$2,846,300 · Celtic Bk
Mar 30, 2017
—
Gafa Estate LLC
Gallarde,lucena L & Ramoncito D
Quit Claim Deed
related
$5,602,760 · Lewis & Clark Bk
Jul 14, 2015
$750,000
Lucena L Gallarde
Johnson Don
Warranty Deed
—
Jul 29, 2010
—
Orenco Manor LLC
—
Trustees Deed
related
—
May 29, 2009
—
Orenco Manor LLC
Close,jeffry V & Patricia I
Grant Deed
$450,000 · Umpqua Bank
—
—
Orenco Manor LLC
—
Deed Of Trust
related
$325,000 · Umpqua Bank
—
—
Jeffry V Close
—
Deed Of Trust
related
$50,000 · Pacific Continental Bank
—
—
Jeffry V Close
—
Deed Of Trust
related
$95,000 · Pacific Continental Bank
—
—
Gafa Estate LLC
—
Deed Of Trust
related
$2,846,300 · Celtic Bk
—
—
Jeffry V Close
—
Deed Of Trust
related
$100,000 · Pacific Continental Bank
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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