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Property profile & analytics
OFF-MARKET
Estimated value
$3,345,000
Hotels
325 Nye Ave, Pendleton, OR 97801-4126
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-0433182
Property summary
AI-generated overview
This exceptional investment opportunity presents a 92-key Motel 6 located at 325 SE Nye Ave, Pendleton, Oregon. Built in 1980, this two-story, Class-B property sits on two acres and offers a compelling return with a Net Operating Income (NOI) of $363,404 and a 7.12% capitalization rate. The asking price is $5,100,000. The motel features 92 rooms, each equipped with one or two queen beds, and amenities include public Wi-Fi and an outdoor pool. Pet-friendly and accommodating to service animals, the property benefits from its strategic location near downtown Pendleton, the Umatilla River, and the Pendleton Round-Up Stadium. Its proximity to attractions like the Wildhorse Resort & Casino and the Tamástslikt Cultural Institute, along with the Pendleton Woolen Mills, ensures a consistent stream of travelers. This established hospitality business presents a strong investment opportunity in a vibrant Oregon community. The property's APN is 2N3211C000200. This is a rare chance to acquire a well-positioned motel with significant income potential.
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1980
Total area
25,230 SF
Lot
1.7 ac (73,965 SF)
Zoning code
C-2
APN
2N3211C000200
UPID
US71-0433182
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
$3.46M
CAP Approach
CAP
$2.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.35M
Owner & transaction history
Veer Hospitality Pendleton LLC · 4 yrs held
Veer Hospitality Pendleton LLC
since 2022
Last sale
$3.3M
3 recorded transactions
Zoning & alternative use
C-2 · Pendleton, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.8M
+208.7%
Auto repair, garage
$2.6M
+112.1%
Restaurant
$2.5M
+100.8%
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 Pendleton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pendleton 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
$3,335,000
ML approach
$3,455,000
CAP Approach
CAP Return
Estimation
6%
$2,620,000
6.5%
$2,420,000
7%
$2,245,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,815,000
Change: +209% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,620,000
Change: +112% · Conversion: Difficult
RESTAURANT
$2,480,000
Change: +101% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,475,000
Change: +100% · Conversion: Difficult
MEDICAL BUILDING
$2,290,000
Change: +85% · Conversion: Difficult
RETAIL STORES
$2,015,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$3.35M
Range $3.01M – $3.68M · ±10% · vs last sale $3.30M (Mar 31 2022)
Last sale anchor
$3.30M
Mar 31 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
$133 / 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
$27,831
Tax year 2023
Assessed value
$1,494,730
Assessed 2023
Previous assessed
$1,451,200
+3.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$376,000
Assessed improvement
$1,118,730
Land market value
$384,690
Improvement market value
$1,687,950
Total market value
$2,072,640
Applied tax rate
1,601.0000
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
1980
Heating
NONE
Total area
25,230 SF
Lot
1.7 ac (73,965 SF)
Zoning code
C-2
APN
2N3211C000200
UPID
US71-0433182
Jurisdiction
UMATILLA
Zoning & alternative use
C-2 · Pendleton, OR
Zoning C-2 · permitted uses
C-2 · Pendleton, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pendleton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RESTAURANT
Est. value
$2.5M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.3M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING
AUTO REPAIR, GARAGE
RESTAURANT
INDUSTRIAL (GENERAL)
MEDICAL BUILDING
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
1980
Heating
NONE
Lot
1.7 ac
Current owner
From public records · entity-resolved
Veer Hospitality Pendleton LLC
Entity
Mailing address
3455 E LA PALMA AVE, ANAHEIM, CA 92806-2026
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2022
—
Veer Hospitality LLC
—
Deed
related
$2,640,000 · Unibank
Mar 31, 2022
$3,300,000
Veer Hospitality Pendleton LLC
G6 Hospitality Property LLC
Special Warranty Deed
$2,640,000 · Unibank
Aug 9, 2017
—
G6 Hospitality Property LLC
—
Deed
related
$201,000,000 · Deutsche Bank National Trust Co
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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