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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Commercial real estate
447 Laneda Ave, Manzanita, OR 97130
Entity Owned
1-yr Hold
Free & Clear
Property ID
US71-0717960
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Total area
2,786 SF
Lot
0.22 ac (9,583 SF)
Zoning code
C-1
APN
3N1029-AC-13000
UPID
US71-0717960
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
-
Renberg's Art Gallery
-
Unfurl Clothing Store Shoe Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Another Exciting Chapter LLC · 1 yrs held
Another Exciting Chapter LLC
since 2024
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
C-1 · Manzanita, 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 Manzanita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Manzanita 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
$1,450,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.45M (Sep 5 2024)
Last sale anchor
$1.45M
Sep 5 2024
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
$520 / 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
$6,989
Tax year 2023
Assessed value
$577,610
Assessed 2023
Previous assessed
$560,790
+3.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$231,610
Assessed improvement
$346,000
Land market value
$414,890
Improvement market value
$855,280
Total market value
$1,270,170
Applied tax rate
5,611.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2002
Heating
NONE
Total area
2,786 SF
Lot
0.22 ac (9,583 SF)
Zoning code
C-1
APN
3N1029-AC-13000
UPID
US71-0717960
Jurisdiction
TILLAMOOK
Zoning & alternative use
C-1 · Manzanita, OR
Zoning C-1 · permitted uses
C-1 · Manzanita, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Manzanita. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Lot
0.22 ac
Current owner
From public records · entity-resolved
Another Exciting Chapter LLC
Entity
Free & Clear · 1 yrs held
Mailing address
4518 N PO BOX 127TH CT, MANZANITA, OR 97130-0127
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2024
—
Another Exciting Chapter LLC
Ryan Michael James
Quit Claim Deed
related
—
Jul 12, 2024
$1,450,000
Ryan Michael James
Jonathan S Renberg
Warranty Deed
—
Nov 15, 2023
$1,250,000
Jonathan S Renberg
Leslie K Armstrong
Warranty Deed
$850,000 · Brian And Leslie Bressler Trust
Aug 27, 2020
—
Bressler,brian & Leslie Trust
Bressler Brian & Leslie Trust
Quit Claim Deed
related
—
Jun 7, 2007
—
Bressler Brian & Leslie Trust
Bressler,g E Brian & Leslie K
Quit Claim Deed
related
—
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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