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Property profile & analytics
OFF-MARKET
Estimated value
$4,205,000
Hotels
829 Ocean Shrs NW Blvd Ocean Shores, WA 98569-9593
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-2424030
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2001
Construction
STEEL FRAME
Total area
36,616 SF
Lot
0.83 ac (36,155 SF)
APN
90100306000
UPID
US90-2424030
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
$4.88M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.79M
Blend (final)
Blend
$4.21M
Owner & transaction history
Ocean Shores Estates LLC · 5 yrs held
Ocean Shores Estates LLC
since 2021
Last sale
$3.5M
4 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
$4,365,000
ML approach
$4,875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.21M
Range $3.78M – $4.63M · ±10% · vs last sale $3.50M (Jun 30 2021)
Last sale anchor
$3.50M
Jun 30 2021
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
$115 / 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
$32,768
Tax year 2023
Assessed value
$5,012,331
Assessed 2022
Previous assessed
$4,658,765
+7.6% YoY
Effective rate
0.65%
On assessed value
Assessed land
$292,800
Assessed improvement
$4,719,531
Land market value
$292,800
Improvement market value
$4,719,531
Total market value
$5,012,331
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
2001
Construction
STEEL FRAME
Heating
NONE
Stories
4
Units
60
Total area
36,616 SF
Lot
0.83 ac (36,155 SF)
APN
90100306000
UPID
US90-2424030
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
2001
Construction
STEEL FRAME
Heating
NONE
Stories
4
Units
60
Lot
0.83 ac
Current owner
From public records · entity-resolved
Ocean Shores Estates LLC
Entity
Mailing address
430 MATTERHORN DR, VERONA, WI 53593-2036
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
—
Ocean Shores Estates LLC
—
Deed
related
—
Jun 30, 2021
$3,500,000
Ocean Shores Estates LLC
Turko LLC
Warranty Deed
$2,840,000 · Open Bank
Jun 17, 2015
$2,900,000
Turko LLC
Tradewinds Lodge
Trustees Deed
$2,175,000 · Bank Of The Pacific
Apr 18, 2006
$2,900,000
Ocean Shrss Comfort Inn & Suit
Rwjk LLC
Grant Deed
$2,000,000 · Bank Of 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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