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Property profile & analytics
OFF-MARKET
Retail space
802 Adair St, Cornelius, OR 97113-9122
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0709719
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1963
Total area
1,560 SF
Lot
0.16 ac (6,970 SF)
Zoning code
C2
APN
1N333DC-04401
UPID
US71-0709719
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Comm West LLC · 5 yrs held
Comm West LLC
since 2021
Last sale
$268,125
7 recorded transactions
Zoning & alternative use
C2 · Cornelius, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,768
Tax year 2023
Assessed value
$101,970
Assessed 2023
Previous assessed
$101,970
+0.0% YoY
Effective rate
1.73%
On assessed value
Land market value
$151,810
Improvement market value
$93,110
Total market value
$244,920
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1963
Heating
NONE
Total area
1,560 SF
Lot
0.16 ac (6,970 SF)
Zoning code
C2
APN
1N333DC-04401
UPID
US71-0709719
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.
Building & site characteristics
From public records
Year built
1963
Heating
NONE
Lot
0.16 ac
Current owner
From public records · entity-resolved
Comm West LLC
Entity
Free & Clear · 5 yrs held
Mailing address
4204 PACIFIC AVE APT #19, FOREST GROVE, OR 97116-2272
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Apr 28, 2021
$268,125
Comm West LLC
Fg Property Group LLC
Warranty Deed
—
Mar 8, 2019
—
Fg Property Group LLC
—
Deed
related
$53,500 · Dennis & Marcy Muir
May 10, 2017
$115,000
Fg Property Group LLC
Moreno,casto
Warranty Deed
$100,000
Nov 14, 2016
$100,000
Casto Moreno
Zurcher,paul & Christian
Warranty Deed
—
Jul 10, 2015
—
Robert Zurcher
Zurcher Robert & Alys Trust
Quit Claim Deed
related
—
Jan 22, 2014
—
Paul Zurcher
Zurcher Robert & Alys Trust
Quit Claim Deed
related
—
—
—
Fg Property Group LLC
—
Deed Of Trust
related
$53,500 · Dennis & Marcy Muir
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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