3127 Pacific Ave Forest Grove, OR 97116-1802
Property profile & analytics
3127 Pacific Ave Forest Grove, OR 97116-1802
- Auto shops
- 6,240 SF
- 1.54 lot acres
Property ID
US71-1696243
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Auto shops
Property Details for 3127 Pacific Ave
- Lot size
- 1.54 lot acres
- Property size
- 6,240 SF
- Zone code
- CC
- Property type
- Auto shops
- APN
- 1N332CC-04500
- APU
- 1N332CC04500
Description
This exceptional 1.54-acre commercial land parcel presents a remarkable investment opportunity in the thriving Forest Grove, Oregon market. Located at 3127 Pacific Avenue, this property boasts 130+ feet of frontage, providing excellent visibility and accessibility. Zoned for Community Commercial use, the site allows for a diverse range of development options, including retail, commercial lodging, fast food establishments, office space, medical facilities, and mixed-use or multifamily projects. The land is priced at $1,677,000, or $25 per square foot, reflecting its prime location and development potential. Forest Grove, a rapidly growing community just 30 minutes southwest of Portland, benefits from its proximity to major employment centers in Hillsboro and Beaverton, while maintaining a desirable rural suburban atmosphere. The area's robust growth, exceeding typical demographic projections, is driven by high demand and limited land availability. This presents a unique chance to capitalize on the ongoing expansion of Forest Grove and its surrounding agricultural and wine communities. The property's versatility and strategic location make it an ideal site for owner-users or developers seeking to establish a presence in this dynamic market. The Washington County location and 97116 zip code further enhance its appeal.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,205,000
- AI Estimate
- $1,205,000
Market price range: $551k - $1.64MMarket price range: $551k - $1.64M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,015,000 Current use
- MEDICAL BUILDING
- $1,990,000 Change: +96% Conversion: Difficult
- RESTAURANT
- $1,890,000 Change: +86% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,730,000 Change: +71% Conversion: Moderate
- RETAIL STORES
- $1,395,000 Change: +38% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,385,000 Change: +37% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,090,000 Change: +7% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Forest Grove
- County
- Washington
- State
- Oregon
- Longitude
- -123.091
- Latitude
- 45.5208
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,085
$0.00
$0.00
$590,520
-
$874,080
$618,990
$1,493,070
