New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,295,000
Retail space
3865 Baseline St, Cornelius, OR 97123-5404
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US71-0127535
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Total area
40,600 SF
Lot
5.49 ac (239,144 SF)
Zoning code
C2
APN
1S302B0-00400
UPID
US71-0127535
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
Current use
Occupant on record · Public records
-
Coastal Farm & Ranch (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.30M
Blend (final)
Blend
$7.30M
Owner & transaction history
Coastal Farm Real Estate INC · 20 yrs held
Coastal Farm Real Estate INC
since 2005
7 recorded transactions
Zoning & alternative use
C2 · Cornelius, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.4M
+14.2%
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 Cornelius submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cornelius 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
RETAIL STORES
$9,085,000
Current use
COMMERCIAL (GENERAL)
$10,375,000
Change: +14% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$9,020,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$7.30M
Range $6.57M – $8.02M · ±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
$180 / 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
$65,797
Tax year 2023
Assessed value
$4,129,970
Assessed 2023
Previous assessed
$4,009,680
+3.0% YoY
Effective rate
1.59%
On assessed value
Land market value
$2,451,450
Improvement market value
$4,858,930
Total market value
$7,310,380
Applied tax rate
7.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Heating
NONE
Bathrooms
1
Total area
40,600 SF
Lot
5.49 ac (239,144 SF)
Zoning code
C2
APN
1S302B0-00400
UPID
US71-0127535
Jurisdiction
WASHINGTON
Zoning & alternative use
C2 · Cornelius, OR
Zoning C2 · permitted uses
C2 · Cornelius, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cornelius. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$9.1M
COMMERCIAL (GENERAL)
Est. value
$10.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2007
Heating
NONE
Bathrooms
1
Lot
5.49 ac
Current owner
From public records · entity-resolved
Coastal Farm Real Estate INC
Entity
Mailing address
PO BOX 99, ALBANY, OR 97321-0030
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2020
—
Coastal Farm Real Estate INC
—
Deed Of Trust
related
$55,000,000 · Us Bk
Aug 6, 2018
—
Coastal Farm Real Estate INC
—
Loan Modification
related
$46,000,000 · Us Bk
Oct 31, 2016
—
Coastal Farm Real Estate INC
—
Deed
related
$44,925 · Us Bk
Jul 29, 2014
—
Coastal Farm Real Estate INC
—
Loan Modification
related
$36,411,153 · Us Bk
Dec 30, 2010
—
Coastal Farm Real Estate INC
—
Deed Of Trust
related
$23,096,250 · Bank Of America
Apr 24, 2009
—
Coastal Farm Real Estate INC
—
Deed Of Trust
related
$1,424,175 · Umpqua Bank
Dec 5, 2005
$362,637
Coastal Farm Real Estate INC
Young,bradley T
Warranty Deed
$956,650 · Umpqua Bank
Dec 5, 2005
$470,000
Coastal Farm Real Estate INC
Western Farm Service INC
Warranty Deed
—
—
—
Coastal Farm Real Estate INC
—
Loan Modification
related
$53,000,000 · Us Bk
—
—
Coastal Farm Real Estate INC
—
Loan Modification
related
$32,000,000 · Us Bk
—
—
Coastal Farm Real Estate INC
—
Deed Of Trust
related
$956,650 · Umpqua Bank
—
—
Coastal Farm Real Estate INC
—
Deed Of Trust
related
$33,000,000 · Us Bk
—
—
Coastal Farm Real Estate INC
—
Deed Of Trust
related
$33,855,000 · Us Bk
—
—
Coastal Farm Real Estate INC
—
Loan Modification
related
$44,925 · Us Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3865 Baseline St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
