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Property profile & analytics
OFF-MARKET
Estimated value
$1,500,000
Turn key restaurants
188 Hemlock St, Cannon Beach, OR 97110-3043
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-1110652
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1953
Total area
1,764 SF
Lot
0.17 ac (7,405 SF)
APN
51030AA02900
UPID
US71-1110652
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
-
Bill's Tavern & Brewhouse Bar & Pub Restaurant
-
Anna’s Table - Cannon Beach Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.50M
Owner & transaction history
John E Nelson · 2 yrs held
John E Nelson
since 2023
Last sale
$1.5M
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
$1,245,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.50M
Range $1.35M – $1.65M · ±10% · vs last sale $1.50M (Nov 7 2023)
Last sale anchor
$1.50M
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
$850 / 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
$7,151
Tax year 2023
Assessed value
$608,713
Assessed 2023
Previous assessed
$590,985
+3.0% YoY
Effective rate
1.17%
On assessed value
Land market value
$436,218
Improvement market value
$306,072
Total market value
$742,290
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1953
Heating
FORCED AIR
Buildings
2
Stories
1
Total area
1,764 SF
Lot
0.17 ac (7,405 SF)
APN
51030AA02900
UPID
US71-1110652
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
1953
Heating
FORCED AIR
Stories
1
Buildings
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
John E Nelson
Individual
Mailing address
37505 JENCK RD, CLOVERDALE, OR 97112-9537
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2023
$1,500,000
John E Nelson
Robert J Neroni
Warranty Deed
$1,200,000 · Robert J Neroni Etux
Apr 13, 2006
—
Robert J Neroni
—
Trustees Deed
related
$30,500 · Bank Of Astoria
Dec 22, 2004
—
Robert J Neroni
—
Trustees Deed
related
$55,000 · Bank Of Astoria
Apr 13, 2004
$550,000
Robert J Neroni
Wideman,oscar D & Pamela G
Warranty Deed
related
$412,500 · Bank Of Astoria
—
—
Neroni,robert JR
—
Loan Modification
related
—
—
—
Robert J Neroni
—
Deed Of Trust
related
$60,000 · Bank Of Astoria
—
—
Neroni,robert JR
—
Loan Modification
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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