New search
Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Office Spaces
2214 Bayshore Dr, Waldport, OR 97394-9510
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US71-0934347
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1964
Construction
WOOD
Total area
2,675 SF
Lot
0.7 ac (30,492 SF)
Zoning code
CT;TIMBER CONSERVATION
APN
13-11-18-BC-09401-00
UPID
US71-0934347
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
-
Waldport Vacation Rentals by Meredith Lodging Vacation Rental Real Estate Agency
-
Yachats Vacation Rentals by Meredith Lodging Vacation Rental Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$588k
Blend (final)
Blend
$590k
Owner & transaction history
Msc Ml LLC · 8 yrs held
Msc Ml LLC
since 2018
4 recorded transactions
Zoning & alternative use
CT;TIMBER CONSERVATION · Waldport, 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 Waldport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waldport 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$590k
Range $531k – $649k · ±10%
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
$221 / 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
$3,441
Tax year 2023
Assessed value
$247,130
Assessed 2023
Previous assessed
$239,940
+3.0% YoY
Effective rate
1.39%
On assessed value
Land market value
$85,170
Improvement market value
$225,000
Total market value
$310,170
Applied tax rate
326.0000
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
1964
Construction
WOOD
Heating
NONE
Buildings
3
Total area
2,675 SF
Lot
0.7 ac (30,492 SF)
Zoning code
CT;TIMBER CONSERVATION
APN
13-11-18-BC-09401-00
UPID
US71-0934347
Jurisdiction
LINCOLN
Zoning & alternative use
CT;TIMBER CONSERVATION · Waldport, OR
Zoning CT;TIMBER CONSERVATION · permitted uses
CT;TIMBER CONSERVATION · Waldport, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waldport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Construction
WOOD
Heating
NONE
Buildings
3
Lot
0.7 ac
Current owner
From public records · entity-resolved
Msc Ml LLC
Entity
Mailing address
2015 NW 39TH ST #10, LINCOLN CITY, OR 97367-4824
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2020
—
Msc Ml LLC
—
Deed
related
$1,728,500 · Columbia St Bk
Jan 2, 2018
—
Msc Ml LLC
Kelly Susan R Trust
Warranty Deed
related
$187,500 · Columbia St Bk
Jan 31, 2005
—
Rose Trust
Comstock Edna R Trust
Quit Claim Deed
related
—
—
—
Msc Ml LLC
—
Deed Of Trust
related
$1,728,500 · Columbia St Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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