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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
2710 19th Ave Forest Grove, OR 97116-2623
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US71-0005500
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Total area
2,312 SF
Lot
0.64 ac (27,878 SF)
Zoning code
CC
APN
1S306AA-03900
UPID
US71-0005500
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
Forest Valley Dev LLC · 18 yrs held
Forest Valley Dev LLC
since 2008
4 recorded transactions
Zoning & alternative use
CC · Forest Grove, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CC zone is established to promote a concentration of mixed uses including retail, service, office and residential uses along the regional transit corridor
Zone name
Community Commercial 30.0 Dwelling Units Per Acre
General category
MIXED_USE
Zone area
283.90 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
$9,838
Tax year 2023
Assessed value
$529,040
Assessed 2023
Previous assessed
$486,300
+8.8% YoY
Effective rate
1.86%
On assessed value
Land market value
$444,650
Improvement market value
$84,390
Total market value
$529,040
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
Grocery and convenience stores
Use group
CONVENIENCE STORE (W/FUEL PUMP)
Status
Off-Market
Heating
NONE
Total area
2,312 SF
Lot
0.64 ac (27,878 SF)
Zoning code
CC
APN
1S306AA-03900
UPID
US71-0005500
Jurisdiction
WASHINGTON
Zoning & alternative use
CC · Forest Grove, ORZoning CC · permitted uses
CC · Forest Grove, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CC zone is established to promote a concentration of mixed uses including retail, service, office and residential uses along the regional transit corridor
Zone name
Community Commercial 30.0 Dwelling Units Per Acre
General category
MIXED_USE
Zone area
283.90 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
0.64 ac
Current owner
From public records · entity-resolved
Forest Valley Dev LLC
Entity
Mailing address
2710 19TH AVE, FOREST GROVE, OR 97116-2623
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2008
—
Forest Valley Dev LLC
Mkt Hillsboro IV LLC
Quit Claim Deed
related
—
May 10, 2007
—
Naveed Tanveer
—
Trustees Deed
related
$100,000 · Hattenhauer Distributing Co
Apr 21, 2006
$310,000
Forest Valley Dev LLC
Mkt Hillsboro IV LLC
Warranty Deed
—
Nov 30, 2005
$750,000
Mkt Hillsboro IV
Hillier,thomas S
Trustees Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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