Property profile

523 Pacific St Rockaway Beach, OR 97136

OFF-MARKET
Commercial real estate
Property ID
US71-0682273
8,802 SF 0.17 ac lot Built 1984
Entity Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1984
Total area 8,802 SF
Lot 0.17 ac (7,405 SF)
Zoning code RR
APN 2N1032-BC-04800
UPID US71-0682273

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
  • Hotel & Motel

Location

523 Pacific St Rockaway Beach, OR 97136-9923
Rockaway Beach metro Census 960200
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.52M
Blend (final) Blend
$2.19M

Owner & transaction history

Zoning & alternative use

RR · Rockaway Beach, OR
Zoning description

same as the standards of the Residential Resort (R-R) Zone, Section 3.030(3). [Section (3) added by Ordinance #93-299, March 24, 1990] 28 Section 3.050. Commercial Zone (C-1). 1. Uses Permitted Outright: In a C-1 zone, t…

General category RESIDENTIAL
Top alternative use upside
Restaurant $2.3M +35.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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