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Property profile & analytics
OFF-MARKET
Estimated value
$2,580,000
Hotels
101 Nye Ave, Pendleton, OR 97801-4134
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US71-0932280
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2007
Total area
45,357 SF
Lot
1.44 ac (62,552 SF)
Zoning code
C-3
APN
2N3211CC07700
UPID
US71-0932280
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
$2.51M
Blend (final)
Blend
$2.58M
Owner & transaction history
Sjp LLC · 8 yrs held
Sjp LLC
since 2017
3 recorded transactions
Zoning & alternative use
C-3 · Pendleton, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$4.1M
+85.2%
Retail stores
$3.6M
+63.2%
Commercial (general)
$3.2M
+42.4%
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 Pendleton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pendleton 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
HOTEL/MOTEL
$2,220,000
Current use
MEDICAL BUILDING
$4,115,000
Change: +85% · Conversion: Difficult
RETAIL STORES
$3,625,000
Change: +63% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,165,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$2.58M
Range $2.32M – $2.84M · ±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
$57 / 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
$63,205
Tax year 2023
Assessed value
$3,394,540
Assessed 2023
Previous assessed
$3,295,670
+3.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$339,180
Assessed improvement
$3,055,360
Land market value
$316,660
Improvement market value
$6,446,480
Total market value
$6,763,140
Applied tax rate
1,601.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2007
Heating
NONE
Total area
45,357 SF
Lot
1.44 ac (62,552 SF)
Zoning code
C-3
APN
2N3211CC07700
UPID
US71-0932280
Jurisdiction
UMATILLA
Zoning & alternative use
C-3 · Pendleton, OR
Zoning C-3 · permitted uses
C-3 · Pendleton, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pendleton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$4.1M
RETAIL STORES
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.2M
HOTEL/MOTEL Current
MEDICAL BUILDING
RETAIL STORES
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
2007
Heating
NONE
Lot
1.44 ac
Current owner
From public records · entity-resolved
Sjp LLC
Entity
Mailing address
7615 SW BEVELAND RD, TIGARD, OR 97223-8612
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2017
—
Sjp LLC
Nye1 LLC
Bargain And Sale Deed
$2,550,000 · Banner Bank
Jun 18, 2007
—
Nye1 LLC
Sjp LLC
Bargain And Sale Deed
—
Sep 15, 2005
$109,000
Daniel E Crouch
Mrb Enterprises INC
Warranty Deed
$87,200 · Sunset Mortgage Co
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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