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Property profile & analytics
OFF-MARKET
Estimated value
$6,790,000
Hotels
685 Ocean Shrs NW Blvd Ocean Shores, WA 98569-9344
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-0829178
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1996
Construction
STEEL FRAME
Total area
48,565 SF
Lot
0.59 ac (25,700 SF)
APN
90100100801
UPID
US90-0829178
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
$7.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.53M
Blend (final)
Blend
$6.79M
Owner & transaction history
Indiko Hotel Group LLC · 4 yrs held
Indiko Hotel Group LLC
since 2022
Last sale
$5.9M
7 recorded transactions
Zoning & alternative use
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 Ocean Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean Shores 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
$7,765,000
ML approach
$7,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.79M
Range $6.11M – $7.47M · ±10% · vs last sale $5.90M (Jun 29 2022)
Last sale anchor
$5.90M
Jun 29 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
$140 / 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
$44,627
Tax year 2023
Assessed value
$6,826,326
Assessed 2022
Previous assessed
$6,363,292
+7.3% YoY
Effective rate
0.65%
On assessed value
Assessed land
$207,400
Assessed improvement
$6,618,926
Land market value
$207,400
Improvement market value
$6,618,926
Total market value
$6,826,326
Applied tax rate
64.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
NONE
Stories
3
Units
70
Total area
48,565 SF
Lot
0.59 ac (25,700 SF)
APN
90100100801
UPID
US90-0829178
Jurisdiction
GRAYS HARBOR
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1996
Construction
STEEL FRAME
Heating
NONE
Stories
3
Units
70
Lot
0.59 ac
Current owner
From public records · entity-resolved
Indiko Hotel Group LLC
Entity
Mailing address
685 OCEAN SHRS BLVD NW, OCEAN SHORES, WA 98569-9344
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2024
—
Indiko Hotel Group LLC
—
Deed
related
$1,000,000 · Jatinder Singh
Jun 29, 2022
$5,900,000
Indiko Hotel Group LLC
Ocean Shores Hotel Group LLC
Warranty Deed
$5,000,000 · Open Bank
Dec 3, 2018
$5,950,000
Ocean Shores Hotel Group LLC
Young S Capital Co LLC
Warranty Deed
$5,000,000 · First Ic Bank
Aug 22, 2016
—
Youngs Capital Co LLC
—
Deed
related
$3,570,000 · Unibank
—
—
Youngs Capital Co LLC
—
Deed Of Trust
related
$400,000 · J K Yoon
—
—
Youngs Capital Co LLC
—
Deed Of Trust
related
$50,000 · Parmjit & Mondier Khaira
—
—
Youngs Capital Co LLC
—
Deed Of Trust
related
$3,570,000 · Unibank
—
—
Youngs Capital Co LLC
—
Deed Of Trust
related
$216,000 · Parmjit & Mondier Khaira
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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