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Property profile & analytics
OFF-MARKET
Hotels
201 39th St, Astoria, OR 97103-2461
Entity Owned
18-yr Hold
Free & Clear
Property ID
US71-1165680
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2011
Lot
2.96 ac (128,938 SF)
APN
80909AD00200
UPID
US71-1165680
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
by Request
Owner & transaction history
Pier 38 Marina & Rv Park LLC · 18 yrs held
Pier 38 Marina & Rv Park LLC
since 2007
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 Astoria submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Astoria 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$123,970
Tax year 2023
Assessed value
$6,227,355
Assessed 2023
Previous assessed
$6,045,976
+3.0% YoY
Effective rate
1.99%
On assessed value
Land market value
$2,272,654
Improvement market value
$9,372,091
Total market value
$11,644,745
Applied tax rate
101.0000
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
Status
Off-Market
Year built
2011
Heating
ZONE
Buildings
2
Lot
2.96 ac (128,938 SF)
APN
80909AD00200
UPID
US71-1165680
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
2011
Heating
ZONE
Buildings
2
Lot
2.96 ac
Current owner
From public records · entity-resolved
Pier 38 Marina & Rv Park LLC
Entity
Free & Clear · 18 yrs held
Mailing address
201 39TH ST, ASTORIA, OR 97103-2461
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2007
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
Jun 6, 2011
—
Pier38 Marina & Rv Park LLC
—
Grant Deed
related
$6,717,000 · First Independent Bank
Jul 31, 2007
$1,000,000
Pier 38 Marina & Rv Park LLC
Osborne,duncan
Warranty Deed
related
—
Jul 15, 2005
$350,000
Harry Henke IV
Stemper,randall P & Deborah J
Warranty Deed
related
—
Jul 15, 2005
$1,500,000
Duncan Osborne
Henke,harry IV
Warranty Deed
related
—
Jul 15, 2005
—
Randall P Stemper
Astoria Business Park LLC
Grant Deed
related
—
Sep 15, 2004
—
Astoria Business Park LLC
Henke,harry IV
Quit Claim Deed
related
$120,000 · Hotel Gearhart INC
—
—
Pier 38 Marina & Rv Park LLC
—
Deed Of Trust
related
$6,311,407 · Sterling Bank
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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