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Property profile & analytics
OFF-MARKET
Parking lots & garages
716 Ave S Ave Seaside, OR 97138-7510
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US71-1118274
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
2015
Total area
770 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C3
APN
61021DD02600
UPID
US71-1118274
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
B&k Land Holdings LLC · 5 yrs held
B&k Land Holdings LLC
since 2021
5 recorded transactions
Zoning & alternative use
C3 · Seaside, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
To provide for more intensive commercial uses which do not require prime areas, such as in the central business district or resort areas The area is characterized by wholesale and heavier commercial uses which normally occur in the fringe area of the central business district
Zone name
General Commercial
General category
COMMERCIAL
Zone area
167.49 ac
Source
Realmo
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 Seaside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seaside 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$913
Tax year 2023
Assessed value
$63,589
Assessed 2023
Previous assessed
$61,738
+3.0% YoY
Effective rate
1.44%
On assessed value
Land market value
$110,000
Improvement market value
$22,423
Total market value
$132,423
Applied tax rate
1,029.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
2015
Heating
FLOOR/WALL FURNACE
Stories
1
Bathrooms
1
Total area
770 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C3
APN
61021DD02600
UPID
US71-1118274
Jurisdiction
CLATSOP
Zoning & alternative use
C3 · Seaside, ORZoning C3 · permitted uses
C3 · Seaside, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
To provide for more intensive commercial uses which do not require prime areas, such as in the central business district or resort areas The area is characterized by wholesale and heavier commercial uses which normally occur in the fringe area of the central business district
Zone name
General Commercial
General category
COMMERCIAL
Zone area
167.49 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2015
Heating
FLOOR/WALL FURNACE
Stories
1
Bathrooms
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
B&k Land Holdings LLC
Entity
Mailing address
33230 BEERMAN CRK LN, SEASIDE, OR 97138-3605
Ownership since
2021
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
Apr 14, 2021
—
B&k Land Holdings LLC
William C Teeple
Bargain And Sale Deed
—
May 15, 2015
$39,000
William C Teeple
Federal Natl Mtg Assn Fnma
Grant Deed
—
Jul 3, 2014
$173,054
Federal National Mtg Assn Fnma
Deputy Sheriff Of Clatsop County
Trustees Deed
related
—
May 14, 2014
—
Federal Natl Mtg Assn Fnma
Nationstar Mtg LLC
Trustees Deed
related
—
Mar 12, 2014
$173,054
Nationstar Mtg LLC
Deputy Sheriff Of Clatsop County
Trustees 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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