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Property profile & analytics
OFF-MARKET
Hotels
235 Bayview Ave, Depoe Bay, OR 97341-1917
Individually Owned
14-yr Hold
~
Est. High Equity
Property ID
US71-0838413
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1989
Construction
WOOD
Total area
6,120 SF
Lot
0.23 ac (10,019 SF)
Zoning code
C-1;COMMERCIAL
APN
09-11-08-AB-00900-00
UPID
US71-0838413
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
-
SCP Depoe Bay Hotel & Motel
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
Robert Blessinger · 14 yrs held
Robert Blessinger
since 2012
4 recorded transactions
Zoning & alternative use
C-1;COMMERCIAL · Depoe Bay, 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 Depoe Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Depoe Bay 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
$6,222
Tax year 2023
Assessed value
$486,610
Assessed 2023
Previous assessed
$472,440
+3.0% YoY
Effective rate
1.28%
On assessed value
Land market value
$137,460
Improvement market value
$634,850
Total market value
$772,310
Applied tax rate
403.0000
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/MOTEL
Status
Off-Market
Year built
1989
Construction
WOOD
Heating
FORCED AIR
Total area
6,120 SF
Lot
0.23 ac (10,019 SF)
Zoning code
C-1;COMMERCIAL
APN
09-11-08-AB-00900-00
UPID
US71-0838413
Jurisdiction
LINCOLN
Zoning & alternative use
C-1;COMMERCIAL · Depoe Bay, OR
Zoning C-1;COMMERCIAL · permitted uses
C-1;COMMERCIAL · Depoe Bay, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Depoe Bay. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
WOOD
Heating
FORCED AIR
Lot
0.23 ac
Current owner
From public records · entity-resolved
Robert Blessinger
Individual
Mailing address
PO BOX 105168, ATLANTA, GA 30348-5168
Ownership since
2012
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
Jun 27, 2012
$775,000
Robert Blessinger
Mcgrath,terry R & Egea F
Dual Purpose Document
$775,000 · Terry R & Egea F Mcgrath
Jan 7, 2008
$1,000,000
Terry Mcgrath
Maguire,patrick
Warranty Deed
—
Jan 25, 2005
$542,000
Patrick Maguire
Gracies Sea Hag Inn INC
Warranty Deed
$585,000 · M Lewis INC
—
—
Terry Mcgrath
—
Deed Of Trust
related
$650,000 · Frontier 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.
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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