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    Property profile & analytics

    179 Hemlock St Cannon Beach, OR 97110-3037

    • Turn key restaurants
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 27, 2023
    Location Intelligence
    Property ID
    US71-1596106
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Driftwood Restaurant & Lounge / Seafood Restaurant / American Restaurant

    Property Details for 179 Hemlock St

    Year built
    1964
    Lot size
    0.11 lot acres
    Property type
    Turn key restaurants
    APN
    51019DD07700
    APU
    51019DD07700

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cannon Beach
    County
    Clatsop
    State
    Oregon
    Longitude
    -123.961
    Latitude
    45.8979
    CBSA code
    11820
    CBSA name
    ASTORIA, OR MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,735
    $0.00
    $0.00
    $573,374
    -
    $402,371
    $402,871
    $805,242

    Comparable in this City

    • Value Estimation by Request
      1,121 SF

      1287 Hemlock St, Unit A-1

      RESTAURANT • 1,121 SF
      1287 Hemlock St, Cannon Beach, OR 97110-3054
      View Details
    • Value Estimation by Request
      0.11 Acres

      100 2nd Ave

      RESTAURANT • 0.11 Acres
      100 2nd Ave, Cannon Beach, OR 97110-2002
      View Details
    • Value Estimation by Request

      1235 Hemlock St, Unit C1

      RESTAURANT
      1235 Hemlock St, Cannon Beach, OR 97110-3054
      View Details
    • Value Estimation
      $1,410,000
      1,764 SF

      188 Hemlock St

      RESTAURANT • 1,764 SF
      188 Hemlock St, Cannon Beach, OR 97110-3043
      View Details
    • Value Estimation by Request
      0.23 Acres

      240 Hemlock St

      RESTAURANT • 0.23 Acres
      240 Hemlock St, Cannon Beach, OR 97110-3038
      View Details
    • Value Estimation by Request
      1,200 SF

      3116 Hemlock St

      RESTAURANT • 1,200 SF
      3116 Hemlock St, Cannon Beach, OR 97110-3073
      View Details

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      Multi-use commercial property in Cannon Beach with expansion opportunity.
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      Retail Property For Sale

      Retail property available for purchase in Cannon Beach, Oregon.
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    179 Hemlock St
    Cannon Beach, OR 97110-3037
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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