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Property profile & analytics
OFF-MARKET
Estimated value
$5,375,000
Hotels
317 Inlt Ave, Lincoln City, OR 97367
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US71-0410096
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1962
Total area
24,987 SF
Lot
0.88 ac (38,333 SF)
Zoning code
R-C;RECREATIONAL COMMERCI
APN
07-11-15-AB-09000-00
UPID
US71-0410096
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
$5.38M
Owner & transaction history
Shirmeen Panju · 6 yrs held
Shirmeen Panju
since 2019
Last sale
$5.2M
4 recorded transactions
Zoning & alternative use
R-C;RECREATIONAL COMMERCI · 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
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
RESTAURANT
$6,170,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$4,405,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$5.38M
Range $4.84M – $5.91M · ±10% · vs last sale $5.20M (Jun 9 2020)
Last sale anchor
$5.20M
Jun 9 2020
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
$215 / 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
$102,796
Tax year 2023
Assessed value
$6,020,000
Assessed 2023
Previous assessed
$5,571,100
+8.1% YoY
Effective rate
1.71%
On assessed value
Land market value
$3,611,170
Improvement market value
$4,852,220
Total market value
$8,463,390
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
1962
Heating
FLOOR/WALL FURNACE
Buildings
2
Total area
24,987 SF
Lot
0.88 ac (38,333 SF)
Zoning code
R-C;RECREATIONAL COMMERCI
APN
07-11-15-AB-09000-00
UPID
US71-0410096
Jurisdiction
LINCOLN
Zoning & alternative use
R-C;RECREATIONAL COMMERCI · Lincoln City, OR
Zoning R-C;RECREATIONAL COMMERCI · permitted uses
R-C;RECREATIONAL COMMERCI · 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
RESTAURANT
Est. value
$6.2M
RETAIL STORES
Est. value
$4.4M
RESTAURANT
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
1962
Heating
FLOOR/WALL FURNACE
Buildings
2
Lot
0.88 ac
Current owner
From public records · entity-resolved
Shirmeen Panju
Individual
Free & Clear · 6 yrs held
Mailing address
535 NW INLT AVE, LINCOLN CITY, OR 97367-3140
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Aug 21, 2019
$3,700,000
Shirmeen Panju
Sheriff Of Lincoln County|cho,man S
Trustees Deed
—
—
—
Man S Cho
—
Deed Of Trust
related
$350,000 · Executive Inv
—
—
Man S Cho
—
Loan Modification
related
$1,850,000 · Executive Inv
—
—
Cho Man S|cho & Co
—
Deed Of Trust
related
$120,000 · Shirmeen Panju
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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