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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Apartment buildings
3103 Pacific Ave, Forest Grove, OR 97116-1820
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0149453
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Total area
5,651 SF
Lot
0.57 ac (24,720 SF)
Zoning code
CC
APN
1N332CC-02300
UPID
US71-0149453
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
$1.12M
Comparable Approach
Comparable
$973k
Blend (final)
Blend
$1.21M
Owner & transaction history
Wilfert Investments LLC · 3 yrs held
Wilfert Investments LLC
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
CC · Forest Grove, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+43.5%
Restaurant
$1.7M
+36.2%
Commercial (general)
$1.6M
+24.7%
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
Method
Estimation
Statistic approach
$1,355,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,210,000
6.5%
$1,115,000
7%
$1,035,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,255,000
Current use
MEDICAL BUILDING
$1,800,000
Change: +43% · Conversion: Moderate
RESTAURANT
$1,710,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,565,000
Change: +25% · Conversion: Moderate
RETAIL STORES
$1,265,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10% · vs last sale $1.40M (Jun 29 2023)
Last sale anchor
$1.40M
Jun 29 2023
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
$213 / 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
$6,277
Tax year 2023
Assessed value
$334,410
Assessed 2023
Previous assessed
$324,670
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$199,500
Improvement market value
$761,540
Total market value
$961,040
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Heating
NONE
Total area
5,651 SF
Lot
0.57 ac (24,720 SF)
Zoning code
CC
APN
1N332CC-02300
UPID
US71-0149453
Jurisdiction
WASHINGTON
Zoning & alternative use
CC · Forest Grove, OR
Zoning 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
Forest Grove. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.8M
RESTAURANT
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS) Current
MEDICAL BUILDING
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Lot
0.57 ac
Current owner
From public records · entity-resolved
Wilfert Investments LLC
Entity
Mailing address
430 NE CENTURY BLVD, HILLSBORO, OR 97124-6958
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jun 29, 2023
$1,400,000
Wilfert Investments LLC
Jason Tran
Warranty Deed
$341,810 · Umpqua Bank
Apr 29, 2019
—
Jason Tran
Tran,jason & Evan
Quit Claim Deed
related
$500,000 · Bank Of The West
Oct 12, 2016
$460,000
Tran Huynh Khac
Nath,satishwar & Sherun
Warranty Deed
$344,530 · Mishler K A & L B Tr (pt)
Oct 12, 2016
—
Satishwar Nath
Mishler K A & L B Trust
Grant Deed
—
Oct 22, 2001
$201,240
Kenneth Mishler
Eacret,darrel L
Grant Deed
—
Nov 29, 1996
$285,000
Satishwar Nath
Eacret,darrel L
Grant Deed
$225,000 · Seller
May 24, 1994
—
Eacret,darrel L
Zagelow,rudy
Trustees Deed
related
—
—
—
Satishwar Nath
—
Deed Of Trust
related
$175,000 · Kenneth A & Letha B Mishler
—
—
Darrel L Eacret
—
Deed Of Trust
related
$103,505 · Individual
—
—
Darrel L Eacret
—
Deed Of Trust
related
$25,000 · Individual
—
—
Darrel L Eacret
—
Deed Of Trust
related
$32,950 · Individual
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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