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Property profile & analytics
OFF-MARKET
Hotels
391 Ml Crk Dr, Prospect, OR 97536-9756
Trust Owned
21-yr Hold
Free & Clear
Property ID
US71-1910378
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Total area
9,048 SF
Lot
4.31 ac (187,744 SF)
Zoning code
RS
APN
1-0642408
UPID
US71-1910378
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
Current use
Occupant on record · Public records
-
Prospect Historic Hotel Bed and Breakfast Inn - Motel and Dinner House Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wickman,fred & Karen Trust · 21 yrs held
Wickman,fred & Karen Trust
since 2005
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
RS · Prospect, 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 Prospect submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Prospect 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,313
Tax year 2023
Assessed value
$1,018,130
Assessed 2023
Previous assessed
$988,480
+3.0% YoY
Effective rate
0.91%
On assessed value
Assessed land
$64,800
Assessed improvement
$953,330
Land market value
$146,370
Improvement market value
$1,184,240
Total market value
$1,330,610
Applied tax rate
5,902.0000
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-RESORT
Status
Off-Market
Heating
NONE
Units
2
Total area
9,048 SF
Lot
4.31 ac (187,744 SF)
Zoning code
RS
APN
1-0642408
UPID
US71-1910378
Jurisdiction
JACKSON
Zoning & alternative use
RS · Prospect, OR
Zoning RS · permitted uses
RS · Prospect, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Prospect. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Units
2
Lot
4.31 ac
Current owner
From public records · entity-resolved
Wickman,fred & Karen Trust
Trust
Free & Clear · 21 yrs held
Mailing address
PO BOX 50, PROSPECT, OR 97536-0050
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2005
$1,062,500
Wickman,fred & Karen Trust
Turner,michael A & Jo E
Warranty Deed
—
Mar 23, 2005
—
Wickman,fred & Karen Trust
—
Trustees Deed
related
$749,000 · Oregon Pacific Banking Co
Apr 21, 1995
$700,000
Jack W Langley
Record Trust
Grant Deed
$450,000 · Seller
May 9, 1991
—
Record A Carol Trustee
Record,anita
Grant Deed
related
—
Apr 30, 1990
—
Anita Record
Record,john W & Anita
Grant Deed
related
—
Apr 29, 1988
—
—
—
Deed Of Trust
related
—
Aug 12, 1986
$50,063
Record,john W & Anita
Gray,albert F
Grant Deed
related
—
Mar 29, 1982
$100,000
Gray,albert F
—
Grant Deed
related
—
—
—
Wickman,fred & Karen Trust
—
Deed Of Trust
related
$271,000 · Cascades West Fin'l Svcs INC
—
—
Michael J Langley
—
Deed Of Trust
related
$100,000 · Individual
—
—
Michael A Turner
—
Deed Of Trust
related
$189,598 · Washington Mutual Fsb
—
—
Michael A Turner
—
Deed Of Trust
related
$212,810 · Washington Mutual Fsb
—
—
Wickman,fred & Karen Trust
—
Deed Of Trust
related
$242,500 · Michael A & Jo E Turner
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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