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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Retail space
6585 Cornelius Pass Rd, Cornelius, OR 97124-9375
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0257455
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Total area
3,495 SF
Lot
4.88 ac (212,573 SF)
Zoning code
R-COM
APN
1N214D0-00400
UPID
US71-0257455
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
$1.21M
Blend (final)
Blend
$1.21M
Owner & transaction history
Celco Partnership · 4 yrs held
Celco Partnership
since 2022
7 recorded transactions
Zoning & alternative use
R-COM · Cornelius, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+33.6%
Commercial (general)
$1.1M
+33.2%
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
$835,000
Current use
MEDICAL BUILDING
$1,115,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,110,000
Change: +33% · Conversion: Easy
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±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
$345 / 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
$28,658
Tax year 2023
Assessed value
$1,701,030
Assessed 2023
Previous assessed
$1,651,490
+3.0% YoY
Effective rate
1.68%
On assessed value
Land market value
$2,983,150
Improvement market value
$1,247,920
Total market value
$4,231,070
Applied tax rate
1.0000
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
Heating
NONE
Buildings
2
Total area
3,495 SF
Lot
4.88 ac (212,573 SF)
Zoning code
R-COM
APN
1N214D0-00400
UPID
US71-0257455
Jurisdiction
WASHINGTON
Zoning & alternative use
R-COM · Cornelius, OR
Zoning R-COM · permitted uses
R-COM · 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
$835,000
MEDICAL BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RETAIL STORES 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
Heating
NONE
Buildings
2
Lot
4.88 ac
Current owner
From public records · entity-resolved
Celco Partnership
Entity
Mailing address
PO BOX 1174, MANZANITA, OR 97130-1174
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2022
—
Celco Partnership
Robin Gordon LLC
Lease
—
Dec 17, 2019
—
Robin Gordon LLC
—
Deed
related
$1,850,000 · Miscellaneous Ins Co
May 21, 2019
—
Standard Ins Co
Robin Gordon LLC
Grant Deed
related
$1,850,000 · Miscellaneous Ins Co
Aug 30, 2018
—
Gordon Family Trust
Gordon,robin K
Quit Claim Deed
related
—
Jun 27, 2014
$1,000,000
Robin K Gordon
James A Smejkal
Warranty Deed
$1,098,750 · Wells Fargo Bank NA
Dec 22, 2010
—
Robin Gordon LLC
Gordon,robin
Quit Claim Deed
—
Aug 18, 2010
$1,000,000
Robin K Gordon
Smejkal,james A
Grant Deed
—
—
—
Robin Gordon LLC
—
Deed Of Trust
related
$1,850,000 · Miscellaneous Ins Co
—
—
Robin Gordon LLC
—
Loan Modification
related
$1,850,000 · Miscellaneous Ins Co
—
—
James A Smejkal
—
Deed Of Trust
related
$980,000 · Fairway Commercial Mortgage
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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