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Property profile & analytics
FOR SALE
Commercial real estate
105 6th Ave, Rockaway Beach, OR 97136-9851
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-0891293
For Sale
1 / 46
$1,699,000
105 6th Ave, Rockaway Beach, OR 97136-9851
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1922
Total area
3,205 SF
Lot
0.12 ac (5,227 SF)
Zoning code
RK-R-R
APN
1N1005-BC-05000
UPID
US71-0891293
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
$1.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.54M
Owner & transaction history
Culter LLC · 2 yrs held
Culter LLC
since 2023
Last sale
$1.6M
4 recorded transactions
Zoning & alternative use
RK-R-R · Rockaway Beach, 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 Rockaway Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockaway Beach 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
$1,535,000
ML approach
$1,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±10% · vs last sale $1.55M (Aug 22 2023)
Last sale anchor
$1.55M
Aug 22 2023
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
$480 / 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
$3,521
Tax year 2023
Assessed value
$354,340
Assessed 2023
Previous assessed
$344,020
+3.0% YoY
Effective rate
0.99%
On assessed value
Assessed land
$74,010
Assessed improvement
$280,330
Land market value
$122,680
Improvement market value
$1,194,950
Total market value
$1,317,630
Applied tax rate
5,602.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1922
Heating
NONE
Total area
3,205 SF
Lot
0.12 ac (5,227 SF)
Zoning code
RK-R-R
APN
1N1005-BC-05000
UPID
US71-0891293
Jurisdiction
TILLAMOOK
Zoning & alternative use
RK-R-R · Rockaway Beach, OR
Zoning RK-R-R · permitted uses
RK-R-R · Rockaway Beach, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockaway Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1922
Heating
NONE
Lot
0.12 ac
Current owner
From public records · entity-resolved
Culter LLC
Entity
Mailing address
145 W LOMOND VW DR, OGDEN, UT 84414-2254
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2023
$1,550,000
Culter LLC
Blue Octopus
Warranty Deed
$1,200,000 · Cache Valley Bank
Jul 13, 2021
—
The Blue Octopus LLC
—
Deed
related
$355,000 · Willamette Valley Bank
Sep 8, 2020
—
Blue Octopus LLC
Mia K Elkin
Warranty Deed
—
Jun 28, 2019
$532,000
Mia Kim Elkin
Rhonda Barbour
Warranty Deed
$385,000 · Willamette Valley Bank
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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