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Property profile & analytics
OFF-MARKET
Estimated value
$3,440,000
Hotels
1713 21st St, Lincoln City, OR 97367-3845
Individually Owned
4-yr Hold
Free & Clear
Property ID
US71-0718727
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1973
Construction
WOOD
Total area
18,421 SF
Lot
0.63 ac (27,443 SF)
Zoning code
G-C;GENERAL COMMERCIAL
APN
07-11-10-AD-05900-00
UPID
US71-0718727
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
$3.44M
Owner & transaction history
Sazzadur Rahman · 4 yrs held
Sazzadur Rahman
since 2021
Last sale
$3.5M
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
$4,695,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,550,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$3,245,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.44M
Range $3.10M – $3.78M · ±10% · vs last sale $3.50M (Jul 15 2021)
Last sale anchor
$3.50M
Jul 15 2021
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
$187 / 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
$28,405
Tax year 2023
Assessed value
$1,663,460
Assessed 2023
Previous assessed
$1,615,010
+3.0% YoY
Effective rate
1.71%
On assessed value
Land market value
$835,620
Improvement market value
$1,961,100
Total market value
$2,796,720
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
1973
Construction
WOOD
Heating
NONE
Buildings
2
Total area
18,421 SF
Lot
0.63 ac (27,443 SF)
Zoning code
G-C;GENERAL COMMERCIAL
APN
07-11-10-AD-05900-00
UPID
US71-0718727
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
$3.2M
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
1973
Construction
WOOD
Heating
NONE
Buildings
2
Lot
0.63 ac
Current owner
From public records · entity-resolved
Sazzadur Rahman
Individual
Free & Clear · 4 yrs held
Mailing address
3295 NW 114TH TER, PORTLAND, OR 97229-4065
Ownership since
2021
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
Jul 15, 2021
$3,500,000
Sazzadur Rahman
Yagnapurash Investments LLC
Warranty Deed
—
Jul 13, 2021
$3,500,000
Sazzadur Rahman
Yagnapurash Investments LLC
Warranty Deed
$2,500,000 · The Prifil Cam Trust
May 22, 2019
$2,000,000
Yagnapurush Investments LLC
Shankar LLC
Trustees Deed
$1,372,000 · American Continental Bk
May 31, 2017
$1,475,000
Shankar LLC
Cho,in-joo
Warranty Deed
$1,425,000 · Mountain Pacific Bk
May 31, 2017
—
In-joo Cha
Alpha-c INC
Grant Deed
related
—
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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