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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Drive through restaurants
4455 Pacific Ave Forest Grove, OR 97116-2255
Individually Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0903674
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2009
Construction
WOOD FRAME
Total area
2,250 SF
Lot
0.72 ac (31,363 SF)
Zoning code
CC
APN
1N333CC-00900
UPID
US71-0903674
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
$983k
Blend (final)
Blend
$985k
Owner & transaction history
Grande Anchorage Ltd · 17 yrs held
Grande Anchorage Ltd
since 2008
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
$715,000
+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
$680,000
Current use
MEDICAL BUILDING
$715,000
Change: +5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$625,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$438 / 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
$9,958
Tax year 2023
Assessed value
$530,460
Assessed 2023
Previous assessed
$515,010
+3.0% YoY
Effective rate
1.88%
On assessed value
Land market value
$357,610
Improvement market value
$1,405,840
Total market value
$1,763,450
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
2009
Construction
WOOD FRAME
Heating
STOVE
Bathrooms
1
Total area
2,250 SF
Lot
0.72 ac (31,363 SF)
Zoning code
CC
APN
1N333CC-00900
UPID
US71-0903674
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
$680,000
MEDICAL BUILDING
Est. value
$715,000
COMMERCIAL (GENERAL)
Est. value
$625,000
RESTAURANT Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2009
Construction
WOOD FRAME
Heating
STOVE
Bathrooms
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Grande Anchorage Ltd
Individual
Free & Clear · 17 yrs held
Mailing address
1700 WASHINGTON ST, VANCOUVER, WA 98660-2613
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 26, 2018
—
Pacific Bells LLC
—
Grant Deed
related
$425,000,000 · Bank Of Nat'l Tr & Svgs
Oct 31, 2012
—
Grande Anchorage Ltd
—
Deed Of Trust
related
$5,700,000 · Wells Fargo Bank
Nov 21, 2008
—
Grande Anchorage Ltd
—
Deed Of Trust
related
$4,700,000 · Wells Fargo Bank
Sep 25, 2008
—
Grande Anchorage Ltd
Hhjc LLC
Grant Deed
related
—
Nov 6, 2007
—
Grande Anchorage LLC
Hhjc LLC
Grant Deed
related
—
Sep 10, 2007
$500,000
Hhjc LLC
Smith,karen J
Warranty Deed
—
Oct 12, 2006
—
Karen J Smith
Behrman Florence K Trust
Grant Deed
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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