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Property profile & analytics
OFF-MARKET
Estimated value
$1,900,000
Office buildings
1315 Hemlock St Cannon Beach, OR 97110-3055
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-1088385
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Lot
0.34 ac (14,810 SF)
APN
51030DA00200
UPID
US71-1088385
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
Current use
Occupant on record · Public records
-
Escape Lodging Property Management Company
-
Ted Wood Properties, Hasson Company Real Estate Agency
-
Cannon Beach Liquor Stores (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Hasson Company Realtors Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.90M
Owner & transaction history
Escape Cannon Beach LLC · 5 yrs held
Escape Cannon Beach LLC
since 2020
Last sale
$1.9M
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 Cannon Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cannon 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
$2,490,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.90M
Range $1.71M – $2.09M · ±10% · vs last sale $1.90M (Dec 23 2020)
Last sale anchor
$1.90M
Dec 23 2020
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
—
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
$16,295
Tax year 2023
Assessed value
$1,387,193
Assessed 2023
Previous assessed
$1,346,790
+3.0% YoY
Effective rate
1.17%
On assessed value
Land market value
$655,318
Improvement market value
$2,062,448
Total market value
$2,717,766
Applied tax rate
1,008.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1994
Heating
FORCED AIR
Buildings
3
Lot
0.34 ac (14,810 SF)
APN
51030DA00200
UPID
US71-1088385
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
1994
Heating
FORCED AIR
Buildings
3
Lot
0.34 ac
Current owner
From public records · entity-resolved
Escape Cannon Beach LLC
Entity
Mailing address
PO BOX 1037, CANNON BEACH, OR 97110-1037
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2020
$1,900,000
Escape Cannon Beach LLC
Janniro Properties LLC
Warranty Deed
$1,500,000 · Janniro Properties LLC
Mar 20, 2014
—
Janniro Properties LLC
Janniro,michael E
Quit Claim Deed
related
—
Dec 20, 2013
$1,250,000
Michael E Janniro
Turner,robert W & Elaine G
Grant Deed
—
Oct 8, 2004
$1,330,000
Robert W Turner
Coaster Properties LLC
Grant Deed
$300,000 · Coaster Properties LLC
—
—
Janniro Properties LLC
—
Loan Modification
related
—
—
—
Robert W Turner
—
Deed Of Trust
related
$998,309 · Us Bank NA
—
—
Robert W Turner
—
Deed Of Trust
related
—
—
—
Robert W Turner
—
Deed Of Trust
related
$830,000 · Us Bank NA
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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