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Property profile & analytics
OFF-MARKET
Estimated value
$6,505,000
Bed & breakfasts
275 Johnson Ave, Coos Bay, OR 97420-1466
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US71-0943193
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Year built
1989
Total area
55,000 SF
Lot
4.52 ac (196,891 SF)
Zoning code
IND
APN
25 S 13 W 35 202
UPID
US71-0943193
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
$6.51M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.51M
Owner & transaction history
Virk Hospitality Cb LLC · 3 yrs held
Virk Hospitality Cb LLC
since 2022
Last sale
$6.5M
2 recorded transactions
Zoning & alternative use
IND · Coos 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 Coos Bay submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coos 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
Method
Estimation
Statistic approach
$6,565,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,055,000
6.5%
$6,510,000
7%
$6,045,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,265,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$5,515,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$6.51M
Range $5.85M – $7.16M · ±10% · vs last sale $6.50M (Nov 10 2022)
Last sale anchor
$6.50M
Nov 10 2022
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
$118 / 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
$56,091
Tax year 2023
Assessed value
$3,230,870
Assessed 2023
Previous assessed
$3,136,770
+3.0% YoY
Effective rate
1.74%
On assessed value
Land market value
$753,600
Improvement market value
$3,736,200
Total market value
$4,489,800
Applied tax rate
6,962.0000
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
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Year built
1989
Heating
NONE
Total area
55,000 SF
Lot
4.52 ac (196,891 SF)
Zoning code
IND
APN
25 S 13 W 35 202
UPID
US71-0943193
Jurisdiction
COOS
Zoning & alternative use
IND · Coos Bay, OR
Zoning IND · permitted uses
IND · Coos Bay, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Coos Bay. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$10.3M
RETAIL STORES
Est. value
$5.5M
COMMERCIAL (GENERAL)
RETAIL STORES
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
Year built
1989
Heating
NONE
Lot
4.52 ac
Current owner
From public records · entity-resolved
Virk Hospitality Cb LLC
Entity
Mailing address
23232 SW STAFFORD HL DR, WEST LINN, OR 97068-9615
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2022
$6,500,000
Virk Hospitality Cb LLC
Edgewater Inn INC
Warranty Deed
$7,353,600 · T Bank NA
Apr 7, 2017
—
Edgewater Inn INC
—
Deed
related
$3,600,000 · Banner 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.
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