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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Office Spaces
4783 Hwy 101, Lincoln City, OR 97367-1564
Individually Owned
1-yr Hold
Free & Clear
Property ID
US71-1907929
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1963
Construction
WOOD
Total area
2,946 SF
Lot
0.08 ac (3,485 SF)
Zoning code
TVC
APN
07-11-27-DC-05300-00
UPID
US71-1907929
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
$415k
Comparable Approach
Comparable
$838k
Blend (final)
Blend
$660k
Owner & transaction history
Ramond B Ritzert & Carol A Ritzert · 1 yrs held
Ramond B Ritzert & Carol A Ritzert
since 2025
3 recorded transactions
Zoning & alternative use
TVC · Lincoln City, 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 Lincoln City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lincoln 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
$540,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$450,000
6.5%
$415,000
7%
$385,000
Blend value · Realmo final
$660k
Range $594k – $726k · ±10%
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
$224 / 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
$4,340
Tax year 2023
Assessed value
$254,160
Assessed 2023
Previous assessed
$246,760
+3.0% YoY
Effective rate
1.71%
On assessed value
Land market value
$91,660
Improvement market value
$327,460
Total market value
$419,120
Applied tax rate
402.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1963
Construction
WOOD
Heating
NONE
Buildings
3
Total area
2,946 SF
Lot
0.08 ac (3,485 SF)
Zoning code
TVC
APN
07-11-27-DC-05300-00
UPID
US71-1907929
Jurisdiction
LINCOLN
Zoning & alternative use
TVC · Lincoln City, OR
Zoning TVC · permitted uses
TVC · Lincoln City, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lincoln City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1963
Construction
WOOD
Heating
NONE
Buildings
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
Ramond B Ritzert & Carol A Ritzert
Individual
Free & Clear · 1 yrs held
Mailing address
4783 SW HWY 101, LINCOLN CITY, OR 97367-1564
Ownership since
2025
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
Jun 30, 2025
—
Ramond B Ritzert & Carol A Ritzert
Raymond B Ritzert
Deed
—
Aug 16, 2021
—
Christiansen Porperties LLC
Raymond B Ritzert
Contract Sale
—
Nov 23, 2005
$135,000
Raymond B Ritzert
King,donna
Warranty Deed
$75,000 · Oregon 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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