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Property profile & analytics
OFF-MARKET
Estimated value
$2,045,000
Hotels
3037 Anchor Ave, Lincoln City, OR 97367
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0400011
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2002
Construction
WOOD
Total area
3,701 SF
Lot
0.33 ac (14,375 SF)
Zoning code
NP(NBMU);NELSCOTT PLAN
APN
07-11-22-CD-04200-00
UPID
US71-0400011
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
$2.05M
Owner & transaction history
Olivia Beach Ocandfront Manor LLC · 4 yrs held
Olivia Beach Ocandfront Manor LLC
since 2022
Last sale
$2.0M
4 recorded transactions
Zoning & alternative use
NP(NBMU);NELSCOTT PLAN · Lincoln City, 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 Lincoln City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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
Method
Estimation
Statistic approach
$2,145,000
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)
$1,530,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±10% · vs last sale $2.00M (Jun 7 2022)
Last sale anchor
$2.00M
Jun 7 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
$553 / 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
$13,373
Tax year 2023
Assessed value
$783,180
Assessed 2023
Previous assessed
$760,370
+3.0% YoY
Effective rate
1.71%
On assessed value
Land market value
$1,247,750
Improvement market value
$793,550
Total market value
$2,041,300
Applied tax rate
402.0000
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
2002
Construction
WOOD
Heating
FORCED AIR
Buildings
2
Total area
3,701 SF
Lot
0.33 ac (14,375 SF)
Zoning code
NP(NBMU);NELSCOTT PLAN
APN
07-11-22-CD-04200-00
UPID
US71-0400011
Jurisdiction
LINCOLN
Zoning & alternative use
NP(NBMU);NELSCOTT PLAN · Lincoln City, OR
Zoning NP(NBMU);NELSCOTT PLAN · permitted uses
NP(NBMU);NELSCOTT PLAN · Lincoln City, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.5M
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
Year built
2002
Construction
WOOD
Heating
FORCED AIR
Buildings
2
Lot
0.33 ac
Current owner
From public records · entity-resolved
Olivia Beach Ocandfront Manor LLC
Entity
Mailing address
33 SW 3RD AVE, PORTLAND, OR 97204-2703
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2022
$1,995,000
Olivia Beach Ocandfront Manor LLC
Nelscott Manor Lincoil City LLC
Warranty Deed
$882,651 · Oregon Coast Bank
Nov 21, 2016
—
Nelscott Manor Lincoln City
Merrill,robert C & Eldora
Grant Deed
related
$176,788 · Columbia St Bk
May 25, 2012
—
Robert C Merrill
Merrill,robert C & Eldora
Quit Claim Deed
related
$554,777 · West Coast Bank
—
—
Robert C Merrill
—
Deed Of Trust
related
$150,000 · Recaden Investments LLC
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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