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Property profile & analytics
OFF-MARKET
Estimated value
$2,765,000
Turn key restaurants
2602 238th Dr, Wood Village, OR 97060-1012
Trust Owned
6-yr Hold
Free & Clear
Property ID
US71-1902777
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2001
Total area
2,854 SF
Lot
0.8 ac (34,848 SF)
Zoning code
CI
APN
1N3E27AD 00600
UPID
US71-1902777
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
Current use
Occupant on record · Public records
-
Jack in the Box Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.77M
Owner & transaction history
Pedersen,m B Fam Gst E Trust · 6 yrs held
Pedersen,m B Fam Gst E Trust
since 2020
Last sale
$2.7M
5 recorded transactions
Zoning & alternative use
CI · Wood Village, 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 Wood Village submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wood Village 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
$2,945,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.77M
Range $2.49M – $3.04M · ±10% · vs last sale $2.68M (Jan 27 2020)
Last sale anchor
$2.68M
Jan 27 2020
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
$969 / 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
$26,750
Tax year 2023
Assessed value
$1,578,790
Assessed 2023
Previous assessed
$1,532,810
+3.0% YoY
Effective rate
1.69%
On assessed value
Land market value
$1,152,910
Improvement market value
$1,050,310
Total market value
$2,203,220
Applied tax rate
241.0000
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
Year built
2001
Heating
NONE
Stories
1
Total area
2,854 SF
Lot
0.8 ac (34,848 SF)
Zoning code
CI
APN
1N3E27AD 00600
UPID
US71-1902777
Jurisdiction
MULTNOMAH
Zoning & alternative use
CI · Wood Village, OR
Zoning CI · permitted uses
CI · Wood Village, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wood Village. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Pedersen,m B Fam Gst E Trust
Trust
Free & Clear · 6 yrs held
Mailing address
15478 HOUSTON AVE, LEMOORE, CA 93245-9529
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Jan 27, 2020
$2,675,000
Pedersen,m B Fam Gst E Trust
Janice M Morger
Warranty Deed
—
Mar 15, 2017
$2,745,000
Janice M Morger
Pine Lakes Sandy LLC
Warranty Deed
—
Nov 26, 2013
$2,517,389
Pine Lakes Sandy LLC
Victoria Land Partners LP
Warranty Deed
—
Jul 20, 2004
$2,006,450
Victoria Land Partners LP
Houston Regency Co LLC
Grant Deed
$1,365,000 · Ge Capital Franchise Finance
—
—
Houston Regency Co LLC
—
Deed Of Trust
related
$1,120,000 · California Bank & Trust
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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