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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Auto shops
3801 24th Ave Forest Grove, OR 97116-2206
Trust Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US71-0876110
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1979
Total area
10,600 SF
Lot
0.99 ac (43,124 SF)
Zoning code
GI
APN
1N332D0-00404
UPID
US71-0876110
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
$1.09M
Blend (final)
Blend
$1.09M
Owner & transaction history
Atkinson Vicki Living Trust · 16 yrs held
Atkinson Vicki Living Trust
since 2009
6 recorded transactions
Zoning & alternative use
GI · Forest Grove, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The zone is intended for industrial uses that are generally not compatible with residentialdevelopmentbecause of their operational characteristics
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
574.01 ac
Source
Realmo
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
AUTO REPAIR, GARAGE
$1,720,000
Current use
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±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
$103 / 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
$10,047
Tax year 2023
Assessed value
$535,220
Assessed 2023
Previous assessed
$519,640
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$320,200
Improvement market value
$1,049,280
Total market value
$1,369,480
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1979
Heating
NONE
Total area
10,600 SF
Lot
0.99 ac (43,124 SF)
Zoning code
GI
APN
1N332D0-00404
UPID
US71-0876110
Jurisdiction
WASHINGTON
Zoning & alternative use
GI · Forest Grove, ORZoning GI · permitted uses
GI · Forest Grove, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The zone is intended for industrial uses that are generally not compatible with residentialdevelopmentbecause of their operational characteristics
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
574.01 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.7M
AUTO REPAIR, GARAGE Current
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
1979
Heating
NONE
Lot
0.99 ac
Current owner
From public records · entity-resolved
Atkinson Vicki Living Trust
Trust
Mailing address
2616 NE AURORA DR, HILLSBORO, OR 97124-4337
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 24, 2016
—
Vicki Atkinson Living Trust
—
Deed
related
$211,715 · Us Bank NA
Jun 23, 2011
—
Vicki G Atkinson
—
Deed Of Trust
related
—
Jul 1, 2010
—
Vicki Atkinson
—
Trustees Deed
related
—
Sep 23, 2009
—
Atkinson Vicki Living Trust
Atkinson,vicki
Quit Claim Deed
related
—
—
—
Vicki Atkinson
—
Deed Of Trust
related
$250,000 · Us Bank NA
—
—
Vicki Atkinson
—
Deed Of Trust
related
—
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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