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Property profile & analytics
OFF-MARKET
Estimated value
$3,580,000
Motels
773 Ocean Shrs NW Blvd, Ocean Shores, WA 98569-9345
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-0521340
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1997
Construction
STEEL FRAME
Total area
15,864 SF
Lot
1.38 ac (60,113 SF)
APN
90100200400
UPID
US90-0521340
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
$3.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.60M
Blend (final)
Blend
$3.58M
Owner & transaction history
Paras Investor LLC · 2 yrs held
Paras Investor LLC
since 2023
Last sale
$3.5M
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
$3,600,000
ML approach
$3,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.58M
Range $3.22M – $3.94M · ±10% · vs last sale $3.50M (Dec 27 2023)
Last sale anchor
$3.50M
Dec 27 2023
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
$226 / 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
$24,755
Tax year 2023
Assessed value
$3,786,644
Assessed 2022
Previous assessed
$3,574,683
+5.9% YoY
Effective rate
0.65%
On assessed value
Assessed land
$488,000
Assessed improvement
$3,298,644
Land market value
$488,000
Improvement market value
$3,298,644
Total market value
$3,786,644
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Total area
15,864 SF
Lot
1.38 ac (60,113 SF)
APN
90100200400
UPID
US90-0521340
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
1997
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Lot
1.38 ac
Current owner
From public records · entity-resolved
Paras Investor LLC
Entity
Mailing address
773 OCEAN SHRS BLVD NW OCEAN SHORES
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
$3,499,985
Paras Investor LLC
Marathon Enterprises INC
Warranty Deed
$3,360,000 · Open Bank
Feb 16, 2023
—
Marathon Enterprises INC
—
Deed
related
$600,000 · Paras Investor LLC
Aug 5, 2022
—
Marathon Enterprises INC
—
Deed
related
$400,000 · Ranbir Singh
May 20, 2022
$7,600,000
Marathon Enterprises INC
Indiko Hotel Group LLC
Warranty Deed
$6,300,000 · Open Bank
Jul 3, 2018
$3,600,000
Indiko Hotel Group LLC
Friendly Corporation
Other
—
Jul 3, 2018
$1,000,000
Indiko Hotel Group LLC
Wilgus F F & H N L/tr
Grant Deed
—
Sep 14, 2012
—
Friendly Corp INC
—
Deed Of Trust
related
$1,096,000 · Timberland Bank
Dec 22, 2009
—
Wilgus F F & H N Living Trust
Wilgus,forest F & Noreen H
Quit Claim Deed
related
—
Nov 16, 2009
$169,000
Miller Worldwide Holdings LLC
North Beach Co LLC
Warranty Deed
related
$100,500 · Bank Of Pacific
—
—
Friendly Corp INC
—
Deed Of Trust
related
$1,129,230 · Timberland Bank
—
—
Friendly Corp INC
—
Deed Of Trust
related
$1,129,000 · Northwest Busn Dev Assn
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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