Property profile

3224 Pacific Ave Forest Grove, OR 97116

OFF-MARKET
Hotels
Property ID
US71-1622438
2,444 SF 0.19 ac lot
Individually Owned 17-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Total area 2,444 SF
Lot 0.19 ac (8,276 SF)
Zoning code CC
APN 1S305BB-00302
UPID US71-1622438

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
  • Hotel & Motel

Location

3224 Pacific Ave Forest Grove, OR 97116-1838
Forest Grove metro Census 33102 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
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2009
5 recorded transactions
2025
Price N/A
2009
Price N/A
2009
$269,000
1969
Price N/A
1969
Price N/A

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

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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