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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Warehouses
35450 Airport Way, Pacific City, OR 97135
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US71-1439037
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1979
Total area
6,000 SF
Lot
1.01 ac (43,996 SF)
Zoning code
C-2
APN
4S1030-BD-04500
UPID
US71-1439037
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
$625k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$670k
Owner & transaction history
Coastway Construction Company INC · 2 yrs held
Coastway Construction Company INC
since 2023
Last sale
$665,000
7 recorded transactions
Zoning & alternative use
C-2 · Pacific City, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.1M
+317.4%
Restaurant
$925,000
+267.2%
Industrial (general)
$725,000
+187.9%
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 Pacific City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacific 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
$720,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,055,000
Change: +317% · Conversion: Difficult
RESTAURANT
$925,000
Change: +267% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$725,000
Change: +188% · Conversion: Easy
COMMERCIAL (GENERAL)
$685,000
Change: +171% · Conversion: Difficult
AUTO REPAIR, GARAGE
$650,000
Change: +158% · Conversion: Easy
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $665k (Aug 9 2023)
Last sale anchor
$665k
Aug 9 2023
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
$112 / 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
$5,112
Tax year 2023
Assessed value
$414,070
Assessed 2023
Previous assessed
$402,010
+3.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$279,670
Assessed improvement
$134,400
Land market value
$432,670
Improvement market value
$266,100
Total market value
$698,770
Applied tax rate
2,202.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Heating
NONE
Buildings
2
Rooms
3
Bathrooms
1
Total area
6,000 SF
Lot
1.01 ac (43,996 SF)
Zoning code
C-2
APN
4S1030-BD-04500
UPID
US71-1439037
Jurisdiction
TILLAMOOK
Zoning & alternative use
C-2 · Pacific City, OR
Zoning C-2 · permitted uses
C-2 · Pacific City, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pacific City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.1M
RESTAURANT
Est. value
$925,000
INDUSTRIAL (GENERAL)
Est. value
$725,000
COMMERCIAL (GENERAL)
Est. value
$685,000
AUTO REPAIR, GARAGE
Est. value
$650,000
OFFICE BUILDING
RESTAURANT
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1979
Heating
NONE
Buildings
2
Rooms
3
Bathrooms
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Coastway Construction Company INC
Entity
Mailing address
PO BOX 40, PACIFIC CITY, OR 97135-0040
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 9, 2023
$665,000
Coastway Construction Company INC
Jeff Schons
Warranty Deed
$592,500 · First Fed Savings & Loan Assn Of Lo
Feb 18, 2021
—
Schons
Jeffrey E Schons
Quit Claim Deed
related
—
Nov 5, 2020
—
Jeffrey E Schons
—
Deed
related
$388,000 · Fibre FCU
May 26, 2020
—
Jeffrey E Schons
—
Deed
related
—
May 20, 2008
—
Jeffery E Schons
Lemon,david G & Norma R
Grant Deed
—
—
—
Jeffrey E Schons
—
Loan Modification
related
—
—
—
Jeffrey E Schons
—
Deed Of Trust
related
$388,000 · Fibre FCU
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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