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Property profile & analytics
OFF-MARKET
Motels
131 Marine Dr, Astoria, OR 97103-6004
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US71-1089591
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1962
Lot
0.37 ac (16,117 SF)
APN
80907DB04000
UPID
US71-1089591
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
Frank Hotels Astoria LLC · 6 yrs held
Frank Hotels Astoria LLC
since 2019
7 recorded transactions
Zoning & alternative use
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 Astoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Astoria 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
$25,506
Tax year 2023
Assessed value
$1,281,253
Assessed 2023
Previous assessed
$1,243,936
+3.0% YoY
Effective rate
1.99%
On assessed value
Land market value
$357,033
Improvement market value
$2,547,530
Total market value
$2,904,563
Applied tax rate
101.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1962
Heating
BASEBOARD
Buildings
2
Lot
0.37 ac (16,117 SF)
APN
80907DB04000
UPID
US71-1089591
Jurisdiction
CLATSOP
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1962
Heating
BASEBOARD
Buildings
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
Frank Hotels Astoria LLC
Entity
Mailing address
PO BOX 968, KELSO, WA 98626-0089
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2020
—
Frank Hotels Astoria LLC
—
Deed
related
$1,255,195 · Riverview Cmnty Bk
Aug 1, 2019
$2,500,000
Frank Hotels Astoria LLC
Jacob Robert H
Grant Deed
$1,255,195 · Riverview Cmnty Bk
Mar 27, 2018
—
Robert H Jacob
—
Deed
related
$1,225,000 · Riverview Cmnty Bk
Aug 16, 2016
—
Robert H Jacob
—
Deed
related
$50,000 · Terry Rosenau
Apr 16, 2013
—
Robert H Jacob
—
Deed Of Trust
related
$1,025,000 · Riverview Community Bank
Nov 10, 2004
—
Robert H Jacob
—
Deed Of Trust
related
$3,966,300 · Oregon Pacific Banking Co
May 26, 2004
$105,000
Michael E Hall
Jacob,robert H
Warranty Deed
related
—
—
—
Robert H Jacob
—
Deed Of Trust
related
$50,000 · Terry Rosenau
—
—
Frank Hotels Astoria LLC
—
Deed Of Trust
related
$905,000 · Evergreen Busn Cap
—
—
Frank Hotels Astoria LLC
—
Deed Of Trust
related
$1,255,195 · Riverview Cmnty Bk
—
—
Robert H Jacob
—
Loan Modification
related
$1,225,000 · Riverview Cmnty Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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