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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail space
470 Hwy 101st N, Yachats, OR 97498
Individually Owned
4-yr Hold
Free & Clear
Property ID
US71-1008807
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1800
Total area
2,656 SF
Lot
0.2 ac (8,712 SF)
Zoning code
C-1;COMMERCIAL
APN
14-12-27-DA-01300-00
UPID
US71-1008807
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
by Request
CAP Approach
CAP
$495k
Comparable Approach
Comparable
$622k
Blend (final)
Blend
$510k
Owner & transaction history
Luke J Glaze · 4 yrs held
Luke J Glaze
since 2022
Last sale
$425,000
3 recorded transactions
Zoning & alternative use
C-1;COMMERCIAL · Yachats, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$820,000
+75.0%
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 Yachats submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Yachats 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
$455,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$540,000
6.5%
$495,000
7%
$460,000
Alternative Use
Use
Estimation
RETAIL STORES
$470,000
Current use
COMMERCIAL (GENERAL)
$820,000
Change: +75% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $425k (Mar 25 2022)
Last sale anchor
$425k
Mar 25 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
$192 / 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
$4,223
Tax year 2023
Assessed value
$303,490
Assessed 2023
Previous assessed
$125,060
+142.7% YoY
Effective rate
1.39%
On assessed value
Land market value
$245,570
Improvement market value
$182,540
Total market value
$428,110
Applied tax rate
328.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1800
Heating
BASEBOARD
Bathrooms
1
Total area
2,656 SF
Lot
0.2 ac (8,712 SF)
Zoning code
C-1;COMMERCIAL
APN
14-12-27-DA-01300-00
UPID
US71-1008807
Jurisdiction
LINCOLN
Zoning & alternative use
C-1;COMMERCIAL · Yachats, OR
Zoning C-1;COMMERCIAL · permitted uses
C-1;COMMERCIAL · Yachats, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Yachats. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$470,000
COMMERCIAL (GENERAL)
Est. value
$820,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1800
Heating
BASEBOARD
Bathrooms
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Luke J Glaze
Individual
Free & Clear · 4 yrs held
Mailing address
770 STEWART ST NE, SALEM, OR 97301-2515
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
Mar 25, 2022
$425,000
Luke J Glaze
Ocean Scenes Development Co
Warranty Deed
—
Feb 9, 2021
—
Douglas S Sowden
Carol A Clark
Quit Claim Deed
related
—
—
—
Douglas S Sowden
—
Deed Of Trust
related
$495,000 · West Coast Bank
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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