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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Drive through restaurants
3206 Pacific Ave Forest Grove, OR 97116-1838
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-1449474
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2008
Total area
2,022 SF
Lot
0.57 ac (24,829 SF)
Zoning code
CC
APN
1S305BB-00400
UPID
US71-1449474
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
$934k
Blend (final)
Blend
$935k
Owner & transaction history
Wildish Land Co · 15 yrs held
Wildish Land Co
since 2011
7 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
Top alternative use upside
Medical building
$645,000
+5.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$610,000
Current use
MEDICAL BUILDING
$645,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10%
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
$462 / 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
$9,459
Tax year 2023
Assessed value
$503,900
Assessed 2023
Previous assessed
$489,230
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$324,750
Improvement market value
$1,125,380
Total market value
$1,450,130
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2008
Heating
NONE
Total area
2,022 SF
Lot
0.57 ac (24,829 SF)
Zoning code
CC
APN
1S305BB-00400
UPID
US71-1449474
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$610,000
MEDICAL BUILDING
Est. value
$645,000
RESTAURANT Current
MEDICAL BUILDING
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
Year built
2008
Heating
NONE
Lot
0.57 ac
Current owner
From public records · entity-resolved
Wildish Land Co
Entity
Mailing address
9357 SPECTRUM CTR BLVD, SAN DIEGO, CA 92123-1444
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2011
$1,600,000
Wildish Land Co
Snoey,peter
Warranty Deed
—
Feb 14, 2011
—
Peter Snoey
3206 Pacific Avenue LLC
Grant Deed
related
—
Apr 1, 2008
—
3206 Pacific Avenue LLC
Snoey,peter A
Quit Claim Deed
related
$960,000 · Peter Snoey
Mar 31, 2008
$1,000,000
Snoey Peter A Trust
Snyder Josie Fam Trust
Grant Deed
—
Mar 31, 2008
$1,133,180
Peter A Snoey
Snoey Peter A Trust
Grant Deed
related
—
Mar 20, 2008
$1,133,180
Peter A Snoey
Snoey Peter A Trust
Warranty Deed
related
$320,000 · Peter Snoey
Oct 9, 2007
$1,000,000
Daniel A Snoey
Snyder Gordy & Josie Trust
Grant Deed
—
Oct 29, 2004
$285,000
Snyder Gordy & Josie Trust
Pymell,sandra L
Warranty Deed
$255,000 · Banner Bank
—
—
Bradley V Hoffman
—
Deed Of Trust
related
$320,000 · Peter Snoey
—
—
3206 Pacific Avenue LLC
—
Deed Of Trust
related
$980,000 · First Place Bank
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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