New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Commercial land
285 Spg St, Waldport, OR 97394-9122
Entity Owned
9-yr Hold
Free & Clear
Property ID
US71-0337866
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1929
Total area
5,075 SF
Lot
0.17 ac (7,405 SF)
Zoning code
DD;DOWNTOWN DISTRICT
APN
13-11-19-AC-02700-00
UPID
US71-0337866
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
$1.11M
Blend (final)
Blend
$1.12M
Owner & transaction history
Honor LLC · 9 yrs held
Honor LLC
since 2017
7 recorded transactions
Zoning & alternative use
DD;DOWNTOWN DISTRICT · Waldport, 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 Waldport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waldport 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,565,000
Current use
RESTAURANT
$1,255,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±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
$220 / 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
$1,108
Tax year 2023
Assessed value
$67,530
Assessed 2023
Previous assessed
$141,700
-52.3% YoY
Effective rate
1.64%
On assessed value
Land market value
$67,530
Total market value
$67,530
Applied tax rate
303.0000
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1929
Heating
BASEBOARD
Bathrooms
3
Total area
5,075 SF
Lot
0.17 ac (7,405 SF)
Zoning code
DD;DOWNTOWN DISTRICT
APN
13-11-19-AC-02700-00
UPID
US71-0337866
Jurisdiction
LINCOLN
Zoning & alternative use
DD;DOWNTOWN DISTRICT · Waldport, OR
Zoning DD;DOWNTOWN DISTRICT · permitted uses
DD;DOWNTOWN DISTRICT · Waldport, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waldport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
RESTAURANT
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
1929
Heating
BASEBOARD
Bathrooms
3
Lot
0.17 ac
Current owner
From public records · entity-resolved
Honor LLC
Entity
Free & Clear · 9 yrs held
Mailing address
565 PARK AVEPHA, NEW YORK, NY 10065-7344
Ownership since
2017
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
May 30, 2017
$70,000
Honor LLC
Transtitle Properties INC
Grant Deed
—
Sep 20, 2016
—
Transtitle Properties INC
Grand Bk For Svgs Fsb
Grant Deed
related
—
Sep 1, 2016
—
Grand Bk For Svgs Fsb
Furgason,christopher
Deed In Lieu Of Foreclosure
related
—
Oct 22, 2012
$85,000
Christopher Furgason
Grand Bk For Svgs Fsb
Grant Deed
$76,500 · Grand Bank For Savings Fsb
Dec 30, 2009
$104,220
Grand Bk For Svgs Fsb
Northwest Te Svcs INC
Trustees Deed
related
—
Aug 13, 2007
$220,000
Larry D Spencer
Russell,cheri
Warranty Deed
$190,000 · Cheri Lechner
Jun 22, 2004
$125,000
Russell Steve
Wilder Marion C Trust
Warranty Deed
—
Mar 29, 2004
—
Wilder Marion C Trust
Smith,dan D
Deed In Lieu Of Foreclosure
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 285 Spg St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
