Individually Owned 
For Sale
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425 NW Cedar St, Waldport, OR 97394
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Property summary
AI-generated overview
This commercial warehouse contains approximately 1,920 square feet and is situated on a 0.23-acre lot in downtown Waldport, with views of the Alsea Bridge and the Bay. The property includes a large paved area that can support additional parking and may be suitable for uses such as equipment or recreational vehicle storage, along with a dedicated workshop space. It is zoned for use within the Downtown District, which allows a range of commercial uses including retail stores and specialty shops, as well as food and beverage uses such as bars, restaurants, and breweries; the zoning also permits mixed commercial and residential use. Specific allowable uses should be confirmed with the City Planner.
Property profile
Verified
Property type
Other retail properties
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1936
Construction
WOOD
Total area
1,920 SF
Lot
0.23 ac (10,019 SF)
Zoning code
DD;DOWNTOWN DISTRICT
APN
13-11-19-AC-01100-00
UPID
US71-0903340
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Auto Repair Shop
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$185k
Owner & transaction history
since 2022
Last sale
$170,000
5 recorded transactions
Zoning & alternative use
DD;DOWNTOWN DISTRICT · Waldport, OR
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$185k
Value range
$167k – $204k
±10% around blend
Estimated value / SF
$96 / SF
Confidence
Property data
88
Comparable evidence
60
Income certainty
100
$167k
blend $185k
$204k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,920 SF
Lot area
0.23 ac
Year built
1936
APN
13-11-19-AC-01100-00
Zoning
DD;DOWNTOWN DISTRICT
Assessed value
$78,210
Annual tax
$1,303
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$1,303
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$185k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
4.30%
Selected cap rate for this other retail properties
Derived from the Waldport market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.30%
9.0%
NOI (est.)
$24k *
Last sale · Mar 2022
$170k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$548k
Move the market yield to see immediate price impact.
Value / SF
$286
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.80%4.30%4.80%
$21k
$558k
$493k
$442k
$24k
$620k
$548k
$491k
$26k
$682k
$603k
$540k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,303
Tax year 2023
Assessed value
$78,210
Assessed 2023
Previous assessed
$75,940
+3.0% YoY
Effective rate
1.67%
On assessed value
Land market value
$91,880
Improvement market value
$88,340
Total market value
$180,220
Applied tax rate
301.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other retail properties
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
For Sale
Year built
1936
Construction
WOOD
Heating
NONE
Total area
1,920 SF
Lot
0.23 ac (10,019 SF)
Zoning code
DD;DOWNTOWN DISTRICT
APN
13-11-19-AC-01100-00
UPID
US71-0903340
Jurisdiction
LINCOLN
Zoning & alternative use
DD;DOWNTOWN DISTRICT · Waldport, ORZoning DD;DOWNTOWN DISTRICT · permitted uses
DD;DOWNTOWN DISTRICT · Waldport, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1936
Construction
WOOD
Heating
NONE
Lot
0.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
DD;DOWNTOWN DISTRICT
Jurisdiction
Waldport, OR
Recorded code
DD;DOWNTOWN DISTRICT
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DD;DOWNTOWN DISTRICT in Waldport, OR.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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