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Property profile & analytics
OFF-MARKET
Turn key restaurants
2015 Hwy 101, Lincoln City, OR 97367-3856
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-0342171
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2000
Construction
WOOD
Total area
264 SF
Lot
0.16 ac (6,970 SF)
Zoning code
OP(MSH)
APN
07-11-10-DB-00200-00
UPID
US71-0342171
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
Jose Cornejo JR · 3 yrs held
Jose Cornejo JR
since 2023
Last sale
$212,000
5 recorded transactions
Zoning & alternative use
OP(MSH) · 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
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
$2,436
Tax year 2023
Assessed value
$142,640
Assessed 2023
Previous assessed
$138,490
+3.0% YoY
Effective rate
1.71%
On assessed value
Land market value
$230,570
Improvement market value
$47,990
Total market value
$278,560
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
NONE
Buildings
2
Total area
264 SF
Lot
0.16 ac (6,970 SF)
Zoning code
OP(MSH)
APN
07-11-10-DB-00200-00
UPID
US71-0342171
Jurisdiction
LINCOLN
Zoning & alternative use
OP(MSH) · Lincoln City, OR
Zoning OP(MSH) · permitted uses
OP(MSH) · 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
2000
Construction
WOOD
Heating
NONE
Buildings
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
Jose Cornejo JR
Individual
Mailing address
3041 GEHLAR RD NW APT #1043, SALEM, OR 97304-4290
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2023
$212,000
Jose Cornejo JR
Leeann Reyes
Warranty Deed
$159,000 · Fibre FCU
Apr 26, 2023
$59,600
Leeann Lucille Reyes
Mario Natalio Reyes
Bargain And Sale Deed
—
Mar 21, 2023
—
Leeann Reyes
Mario Reyes
Intrafamily Transfer
related
—
May 15, 2019
$249,900
Mario Reyes
Barrett Family Trust
Warranty Deed
$199,920 · Oregon Coast Bk
—
—
Barrett Family Trust
—
Deed Of Trust
related
$160,000 · West Coast 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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