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Property profile & analytics
OFF-MARKET
Estimated value
$4,190,000
Hotels
1070 1st St, Lincoln City, OR 97367-2862
Entity Owned
4-yr Hold
Free & Clear
Property ID
US71-0160794
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1984
Construction
WOOD
Total area
18,609 SF
Lot
0.36 ac (15,682 SF)
Zoning code
G-C;GENERAL COMMERCIAL
APN
07-11-15-AC-03001-00
UPID
US71-0160794
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
$4.19M
Owner & transaction history
Cv The Merrick At The Commons LLC · 4 yrs held
Cv The Merrick At The Commons LLC
since 2022
Last sale
$4.1M
5 recorded transactions
Zoning & alternative use
G-C;GENERAL COMMERCIAL · Lincoln City, 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 Lincoln City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln City 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
$4,395,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,595,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$3,280,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.19M
Range $3.77M – $4.61M · ±10% · vs last sale $4.09M (Apr 22 2022)
Last sale anchor
$4.09M
Apr 22 2022
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
$225 / 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
$29,856
Tax year 2023
Assessed value
$1,748,450
Assessed 2023
Previous assessed
$1,697,530
+3.0% YoY
Effective rate
1.71%
On assessed value
Land market value
$705,540
Improvement market value
$3,132,620
Total market value
$3,838,160
Applied tax rate
402.0000
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
1984
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
2
Total area
18,609 SF
Lot
0.36 ac (15,682 SF)
Zoning code
G-C;GENERAL COMMERCIAL
APN
07-11-15-AC-03001-00
UPID
US71-0160794
Jurisdiction
LINCOLN
Zoning & alternative use
G-C;GENERAL COMMERCIAL · Lincoln City, OR
Zoning G-C;GENERAL COMMERCIAL · permitted uses
G-C;GENERAL COMMERCIAL · Lincoln City, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.6M
RETAIL STORES
Est. value
$3.3M
RESTAURANT
RETAIL STORES
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
1984
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Buildings
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Cv The Merrick At The Commons LLC
Entity
Free & Clear · 4 yrs held
Mailing address
17933 NW EVERGREEN PKWY STE #131, BEAVERTON, OR 97006-7453
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2022
—
Cv The Merrick At The Commons LLC
Cv The Haven At D River LLC
Quit Claim Deed
related
—
Apr 23, 2021
$4,085,000
Cv Haven At D River LLC
Sm Z Rahman
Warranty Deed
—
Mar 31, 2021
—
Sm Ziaur
Coastal Hospitality LLC
Grant Deed
related
—
May 29, 2019
$2,005,000
Coastal Hospitality LLC
Crown Pacfi8q LLC
Warranty Deed
$2,154,000 · Celtic Bank Corporation
Apr 30, 2010
$1,050,000
Crown Pacifiq LLC
Ddd Trust
Warranty Deed
$724,000 · Borrego Springs 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.
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