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Property profile & analytics
OFF-MARKET
Estimated value
$1,540,000
Hotels
243 4th St, Ashland, OR 97520-2043
Entity Owned
~
Est. High Equity
Property ID
US71-0470880
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Total area
4,370 SF
Lot
0.09 ac (3,920 SF)
Zoning code
E-1
APN
1-0064635
UPID
US71-0470880
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
-
Tesla Destination Charger Electric Vehicle Charging Station
-
The Peerless Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$1.54M
Owner & transaction history
The Peerless Collective LLC
The Peerless Collective LLC
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
E-1 · Ashland, 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 Ashland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashland 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
$1,365,000
ML approach
$1,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,430,000
Current use
COMMERCIAL (GENERAL)
$1,255,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.54M
Range $1.39M – $1.69M · ±10% · vs last sale $1.60M (Dec 5 2025)
Last sale anchor
$1.60M
Dec 5 2025
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
$352 / 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
$13,926
Tax year 2023
Assessed value
$875,180
Assessed 2023
Previous assessed
$849,690
+3.0% YoY
Effective rate
1.59%
On assessed value
Assessed land
$59,480
Assessed improvement
$815,700
Land market value
$100,100
Improvement market value
$1,118,340
Total market value
$1,218,440
Applied tax rate
501.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Heating
NONE
Units
6
Total area
4,370 SF
Lot
0.09 ac (3,920 SF)
Zoning code
E-1
APN
1-0064635
UPID
US71-0470880
Jurisdiction
JACKSON
Zoning & alternative use
E-1 · Ashland, OR
Zoning E-1 · permitted uses
E-1 · Ashland, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ashland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Heating
NONE
Units
6
Lot
0.09 ac
Current owner
From public records · entity-resolved
The Peerless Collective LLC
Entity
Mailing address
PO BOX 50220, EUGENE, OR 97405-0973
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2025
$1,600,000
The Peerless Collective LLC
Persephones House Ashland LLC
Warranty Deed
$1,300,000 · Mountain Pacific Bank
Oct 25, 2021
$1,270,000
Persephones House Ashland LLC
Barnett Donovan Carrisma
Warranty Deed
$918,750 · Summit Bank
May 19, 2020
—
Donovan,c & M Fam Trust
Peerless Hotel LLC
Quit Claim Deed
related
—
May 20, 2005
—
Peerless Hotel LLC
Pearless Hotel LLC
Grant Deed
related
—
Nov 16, 1994
—
Pearless Hotel L L C
Barnett,a Steven & Carrisma T
Grant Deed
related
—
Oct 31, 1991
$69,950
A Steven
Lavelle,robert P
Grant Deed
related
—
Oct 22, 1991
—
Robert P Lavelle
Lavelle,anthony
Grant Deed
related
—
Jul 19, 1989
$85,000
Anthony Lavelle
Dela,torre Rosario
Grant 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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