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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Office Spaces
1818 21st St, Lincoln City, OR 97367
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-0298286
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1990
Construction
WOOD
Total area
2,250 SF
Lot
0.11 ac (4,792 SF)
Zoning code
R-M;MULTI-FAMILY RESIDENT
APN
07-11-10-DA-00600-00
UPID
US71-0298286
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
$640k
Blend (final)
Blend
$595k
Owner & transaction history
1818 Ne 21st Street LLC · 2 yrs held
1818 Ne 21st Street LLC
since 2023
Last sale
$545,500
2 recorded transactions
Zoning & alternative use
R-M;MULTI-FAMILY RESIDENT · 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
$600,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$595k
Range $536k – $655k · ±10% · vs last sale $546k (Nov 7 2023)
Last sale anchor
$546k
Nov 7 2023
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
$264 / 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
$5,119
Tax year 2023
Assessed value
$301,820
Assessed 2023
Previous assessed
$293,030
+3.0% YoY
Effective rate
1.70%
On assessed value
Land market value
$57,280
Improvement market value
$255,530
Total market value
$312,810
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1990
Construction
WOOD
Heating
NONE
Buildings
2
Total area
2,250 SF
Lot
0.11 ac (4,792 SF)
Zoning code
R-M;MULTI-FAMILY RESIDENT
APN
07-11-10-DA-00600-00
UPID
US71-0298286
Jurisdiction
LINCOLN
Zoning & alternative use
R-M;MULTI-FAMILY RESIDENT · Lincoln City, OR
Zoning R-M;MULTI-FAMILY RESIDENT · permitted uses
R-M;MULTI-FAMILY RESIDENT · 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.
Building & site characteristics
From public records
Year built
1990
Construction
WOOD
Heating
NONE
Buildings
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
1818 Ne 21st Street LLC
Entity
Mailing address
1818 NE 21ST ST, LINCOLN CITY, OR 97367
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2023
$545,500
1818 Ne 21st Street LLC
Barbara Mcfall Fowler
Warranty Deed
$493,700 · Barbara Mcfall Fowler
Nov 1, 2023
—
Barbara Mcfall Fowler
Oceanlake Broadcasting Co
Bargain And Sale Deed
—
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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