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Property profile & analytics
OFF-MARKET
Motels
2687 State Rte 109, Ocean City, WA 98569-9574
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-0044696
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1959
Construction
STEEL FRAME
Total area
1,372 SF
Lot
2.3 ac (100,188 SF)
Zoning code
R3
APN
788002600000
UPID
US90-0044696
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
Richard Kemper · 10 yrs held
Richard Kemper
since 2015
6 recorded transactions
Zoning & alternative use
R3 · Ocean City, WA
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 Ocean City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean 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
$2,409
Tax year 2023
Assessed value
$307,390
Assessed 2022
Previous assessed
$307,390
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$72,000
Assessed improvement
$235,390
Land market value
$72,000
Improvement market value
$235,390
Total market value
$307,390
Applied tax rate
64.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1959
Construction
STEEL FRAME
Heating
NONE
Buildings
5
Stories
1
Total area
1,372 SF
Lot
2.3 ac (100,188 SF)
Zoning code
R3
APN
788002600000
UPID
US90-0044696
Jurisdiction
GRAYS HARBOR
Zoning & alternative use
R3 · Ocean City, WA
Zoning R3 · permitted uses
R3 · Ocean City, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocean City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
5
Lot
2.3 ac
Current owner
From public records · entity-resolved
Richard Kemper
Individual
Mailing address
2687 STATE RTE 109, OCEAN CITY, WA 98569-9574
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2015
$200,000
Richard Kemper
Pacific Sands LLC
Grant Deed
$140,000 · Pacific Sands LLC
Mar 21, 2013
$125,000
Pacific Sands LLC
Timberland Bk
Grant Deed
$93,750 · Timberland Bank
Jun 1, 2010
$306,786
Timberland Bk
Parker Jon C
Trustees Deed
related
—
Dec 21, 2005
$352,711
Luis Mestas
Romea M Tarnowski
Warranty Deed
$246,350 · Westar Funding INC
—
—
Luis Mestas
—
Deed Of Trust
related
$250,000 · Timberland Bank
—
—
Tony Tarnowski
—
Deed Of Trust
related
$243,500 · Westar Funding Corp
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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