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    Property profile & analytics

    47700 Sunset Hwy Banks, OR 97106-7607

    • Retail space
    • 1,315 SF
    • 0.57 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    May 16, 2025
    $44,000
    Location Intelligence
    Property ID
    US71-1892341
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cream Cannabis / Cannabis Store
    • The Magic Bean / Coffee Shop

    Property Details for 47700 Sunset Hwy

    Lot size
    0.57 lot acres
    Property size
    1,315 SF
    Zone code
    R-COM
    Property type
    Retail space
    APN
    2N410C0-00703
    APU
    2N410C000703

    Description

    This exceptional 1,315 square foot commercial property, situated on a 0.57-acre lot at 47700 NW Sunset Hwy in Banks, Oregon, presents a unique investment opportunity. Currently leased to an OLCC-approved dispensary, this property boasts excellent Sunset Highway frontage, ensuring high traffic counts and unparalleled visibility for any business. The existing tenant provides a stable income stream, but the versatile space offers significant potential for a variety of uses. Imagine transforming this location into a vibrant restaurant, a trendy bar, or a collection of retail food carts. The high traffic volume and prominent location make it ideal for attracting a diverse customer base. The property's size and configuration offer flexibility for various business models, allowing for customization to suit specific needs. This is a rare chance to acquire a well-positioned commercial property in a thriving area with significant growth potential. The recent price reduction makes this an even more compelling investment opportunity. Don't miss out on this chance to own a piece of Banks' bustling commercial landscape. Contact us today to schedule a showing and explore the possibilities.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Banks
    County
    Washington
    State
    Oregon
    Longitude
    -123.168
    Latitude
    45.6671
    CBSA code
    38900
    CBSA name
    PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,490
    $0.00
    $0.00
    $112,480
    -
    $91,530
    $166,250
    $257,780

    Comparable in this City

    • Value Estimation by Request
      4,124 SF

      13650 Main St Ste, Unit 101

      RETAIL STORES (PERSONAL SERVICES) • 4,124 SF
      13650 Main St Ste, Banks, OR 97106-9121
      View Details
    • Value Estimation
      $195,000
      6,040 SF

      46770 Sunset Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,040 SF
      46770 Sunset Hwy, Banks, OR 97106-8340
      View Details
    • Value Estimation by Request
      9,462 SF

      13820 Main St Ste, Unit 101

      RETAIL STORES (PERSONAL SERVICES) • 9,462 SF
      13820 Main St Ste, Banks, OR 97106-0017
      View Details
    • Value Estimation by Request
      0.22 Acres

      13870 Main St

      RETAIL STORES (PERSONAL SERVICES) • 0.22 Acres
      13870 Main St, Banks, OR 97106-9048
      View Details
    • Value Estimation by Request
      16,000 SF

      14175 Sellers Rd

      RETAIL STORES (PERSONAL SERVICES) • 16,000 SF
      14175 Sellers Rd, Banks, OR 97106-7100
      View Details
    • Value Estimation by Request
      3,000 SF

      13791 Main St Sta, Unit A

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      13791 Main St Sta, Banks, OR 97106-9089
      View Details

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    47700 Sunset Hwy
    Banks, OR 97106-7607
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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