Technical
Financial
Distress signals
Property profile

2933 Pacific Ave Forest Grove, OR 97116

OFF-MARKET
Retail space
Property ID
US71-0066099
7,475 SF 0.55 ac lot Built 1998
Individually Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Total area 7,475 SF
Lot 0.55 ac (23,958 SF)
Zoning code CC
APN 1N331DD-05100
UPID US71-0066099

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Recycling Center

Location

2933 Pacific Ave Forest Grove, OR 97116-1847
Forest Grove metro Census 33201 PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.49M
Blend (final) Blend
$875k

Owner & transaction history

since 2016
2 recorded transactions
2016
$847,000
2004
$1.7M

Zoning & alternative use

CC · Forest Grove, OR
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

General category MIXED_USE
Top alternative use upside
Medical building $2.4M +42.5%
Restaurant $2.3M +35.3%
Commercial (general) $2.1M +23.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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