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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Motels
809 Ocean Shrs NW Blvd Ocean Shores, WA 98569
Individually Owned
2-yr Hold
Free & Clear
Property ID
US90-0518483
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1977
Construction
STEEL FRAME
Total area
32,415 SF
Lot
0.52 ac (22,651 SF)
APN
90100308001
UPID
US90-0518483
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
$790k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$790k
Owner & transaction history
Pengxiang Zhao · 2 yrs held
Pengxiang Zhao
since 2024
Last sale
$787,500
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
$790,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $788k (Jul 22 2024)
Last sale anchor
$788k
Jul 22 2024
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
$24 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$11,765
Tax year 2024
Assessed value
$1,871,971
Assessed 2023
Previous assessed
$3,249,168
-42.4% YoY
Effective rate
0.63%
On assessed value
Assessed land
$300,000
Assessed improvement
$1,571,971
Land market value
$300,000
Improvement market value
$1,571,971
Total market value
$1,871,971
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
1977
Construction
STEEL FRAME
Heating
NONE
Stories
3
Units
80
Total area
32,415 SF
Lot
0.52 ac (22,651 SF)
APN
90100308001
UPID
US90-0518483
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
1977
Construction
STEEL FRAME
Heating
NONE
Stories
3
Units
80
Lot
0.52 ac
Current owner
From public records · entity-resolved
Pengxiang Zhao
Individual
Free & Clear · 2 yrs held
Mailing address
801 NE OCEAN SHRS BLVD NW, OCEAN SHORES, WA 98569-9593
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2024
—
Pengxiang Zhao
Xin Jin
Quit Claim Deed
related
—
Jul 22, 2024
$787,500
Dadavila LLC
801 Ocean Shores Blvd LLC
Special Warranty Deed
—
Mar 21, 2024
—
801 Ocean Shores Blvd LLC
Pengxiang Zhao
Quit Claim Deed
related
—
Dec 6, 2023
$1,950,000
Pengxiang Zhao
Sands Holdings LLC
Warranty Deed
$524,855 · Eastside Funding LLC
Oct 31, 2023
—
Harbor Grays
—
Deed
related
$290,000 · Falcon Real Estate Group LLC
Jul 23, 2021
—
Sands Holdings LLC
—
Deed
related
—
Aug 30, 2019
$1,724,850
Sands Holdings LLC
Falcon Real Estate Group LLC
Warranty Deed
$502,500 · Veristone Fund I LLC
Feb 28, 2018
$2,985,000
Falcon Real Estate Group LLC
Ofstad,william M & Sandra K
Trustees Deed
$2,200,000 · William M & Sandra K Ofstad
—
—
Gordon Caron
—
Deed Of Trust
related
$829,934 · Bank Of The Pacific
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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