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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Commercial real estate
227 Garibaldi Ave, Garibaldi, OR 97118-1212
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US71-0208870
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1996
Total area
8,262 SF
Lot
0.2 ac (8,712 SF)
Zoning code
GB-C-1
APN
1N1021-AD-09600
UPID
US71-0208870
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
-
Garibaldi Inn at the Bay Hotel & Motel
-
Old Mill Marina Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$370k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$644k
Blend (final)
Blend
$505k
Owner & transaction history
Oregon Coast Hospitality Investment · 17 yrs held
Oregon Coast Hospitality Investment
since 2009
5 recorded transactions
Zoning & alternative use
GB-C-1 · Garibaldi, 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 Garibaldi submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garibaldi 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
$370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$61 / 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
$8,846
Tax year 2023
Assessed value
$657,580
Assessed 2023
Previous assessed
$638,430
+3.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$179,610
Assessed improvement
$477,970
Land market value
$159,680
Improvement market value
$939,800
Total market value
$1,099,480
Applied tax rate
5,613.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1996
Heating
NONE
Total area
8,262 SF
Lot
0.2 ac (8,712 SF)
Zoning code
GB-C-1
APN
1N1021-AD-09600
UPID
US71-0208870
Jurisdiction
TILLAMOOK
Zoning & alternative use
GB-C-1 · Garibaldi, OR
Zoning GB-C-1 · permitted uses
GB-C-1 · Garibaldi, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Garibaldi. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Lot
0.2 ac
Current owner
From public records · entity-resolved
Oregon Coast Hospitality Investment
Entity
Mailing address
4801 N INTERSTATE AVE, PORTLAND, OR 97217-3623
Ownership since
2009
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
Jun 28, 2022
—
Coast Hospitality Investments LLC
—
Deed
related
$700,000 · Washington State Employees Cu
Jan 22, 2009
$650,000
Oregon Coast Hospitality Investment
Bayshore Inn LLC
Warranty Deed
$542,700 · West Coast Bank
Dec 21, 2005
—
Bayshore Inn LLC
—
Trustees Deed
related
$245,000 · Umpqua Bank
Aug 15, 2005
$389,654
Ronald C Engesether
Debellis,william V JR
Warranty Deed
—
Aug 4, 2005
—
William V Debellis JR.
Bayshore Inn LLC
Quit Claim Deed
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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