Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    48254 Forest Service Rd, OR

    • Sports & entertainment properties
    • 160.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US71-1358024
    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

    • Sports & entertainment properties

    Property Details for 48254 Forest

    Lot size
    160.00 lot acres
    Property type
    Sports & entertainment properties
    APN
    07S28 00600
    APU
    07S2800600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Service Rd
    County
    Grant
    State
    Oregon
    Longitude
    -119.399
    Latitude
    44.9875

    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
    $1,818
    $113,099
    $20,967
    $134,066
    -
    $281,770
    $52,250
    $334,020

    Comparable in this City

    • Value Estimation by Request
      5.00 Acres

      Elkhorn Rd, OR

      RECREATIONAL, ENTERTAINMENT • 5.00 Acres
      Elkhorn Rd, OR
      View Details
    • Value Estimation by Request
      1.06 Acres

      Forest

      RECREATIONAL, ENTERTAINMENT • 1.06 Acres
      Forest, Service Rd, OR
      View Details
    • Value Estimation by Request
      1.50 Acres

      66969 Swamp Creek

      RECREATIONAL, ENTERTAINMENT • 1.50 Acres
      66969 Swamp Creek, Ln, OR
      View Details
    • Value Estimation by Request
      80.00 Acres

      Buffalo Wells

      RECREATIONAL, ENTERTAINMENT • 80.00 Acres
      Buffalo Wells, Rd, OR
      View Details
    • Value Estimation by Request
      40.00 Acres

      Elkhorn Rd, OR

      RECREATIONAL, ENTERTAINMENT • 40.00 Acres
      Elkhorn Rd, OR
      View Details
    • Value Estimation by Request
      320.00 Acres

      31868 Highway

      RECREATIONAL, ENTERTAINMENT • 320.00 Acres
      31868 Highway, 20, OR
      View Details

    Similar Nearby for Sale

    • $2,750,000
      3,328 SF

      Redmond Office Building: Prime Location

      3,328 SF Office, Owner-User or Investment
      948 SW Veterans Way, Redmond, OR
      View Details
    • $6,528,772

      Damascus Land For Sale

      Land suitable for 20,000-200,000 SF building(s) in Damascus, OR.
      17981 Hwy SE, Damascus, OR
      View Details
    • $303,201

      Land For Sale Ashland

      Land available for sale in Ashland, Oregon.
      30 Rossanley Dr, Ashland, OR
      View Details
    • $1,350,000
      3,067 SF

      Freestanding Office Building For Sale

      Freestanding office building with off-street parking, near I-5.
      7060 SW Beveland Rd, Tigard, OR
      View Details
    • $1,800,000

      Development Land in Tigard, Oregon

      Land available for residential development in Tigard, Oregon.
      12656 SW Tranquil Ln, Tigard, OR
      View Details
    • $500,000
      3,116 SF

      Mixed-Use Property in Gresham, Oregon

      Well-maintained mixed-use property with retail and residential income potential.
      825 SE Mt Hood Hwy, Gresham, OR
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      3,880 SF

      Tigard Office Campus with Amenities

      Office campus in Tigard with on-site amenities and connectivity.
      10250 SW Greenburg Rd, Tigard, OR
      View Details
    • $26 SF/Yr
      3,629 SF

      Tigard Office Space For Lease

      Office space in Tigard with new amenities and upgrades.
      9020 SW Washington Sq Rd, Tigard, OR
      View Details
    • $35 SF/Yr
      1,406 SF

      Tigard Office Campus Space Available

      Office space in a seven-building campus with amenities.
      10220 SW Greenburg Rd, Tigard, OR
      View Details
    • $28 SF/Yr
      1,961 SF

      Downtown Beaverton Commercial Space Available

      Ground-floor retail/restaurant/service space in downtown Beaverton.
      3806 SW Orbit St, Beaverton, OR
      View Details
    • $1.50 SF/Yr
      2,100 SF

      Tigard Warehouse with Office Space

      Warehouse with office space, convenient access to I-5 and 99W.
      16285 SW 85 Ave, Tigard, OR
      View Details
    • Contact for pricing
      1,626 SF

      Creative Office Space Available

      Move-in ready creative workspaces with high ceilings and natural light.
      200 SE Martin Luther King Jr Blvd, Portland, OR
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    48254 Forest
    Service Rd, OR
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.