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Property profile & analytics
OFF-MARKET
Commercial real estate
951 Forrestry Way, Waldport, OR 97394
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US71-1234397
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1800
Lot
0.19 ac (8,276 SF)
Zoning code
C-2;COMMERCIAL
APN
13-12-25-AA-00701-00
UPID
US71-1234397
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 Leasing · 15 yrs held
B Leasing
since 2011
4 recorded transactions
Zoning & alternative use
C-2;COMMERCIAL · Waldport, OR
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 Waldport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waldport 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
$577
Tax year 2023
Assessed value
$33,420
Assessed 2023
Previous assessed
$32,450
+3.0% YoY
Effective rate
1.73%
On assessed value
Land market value
$51,450
Improvement market value
$7,960
Total market value
$59,410
Applied tax rate
307.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1800
Heating
NONE
Lot
0.19 ac (8,276 SF)
Zoning code
C-2;COMMERCIAL
APN
13-12-25-AA-00701-00
UPID
US71-1234397
Jurisdiction
LINCOLN
Zoning & alternative use
C-2;COMMERCIAL · Waldport, OR
Zoning C-2;COMMERCIAL · permitted uses
C-2;COMMERCIAL · Waldport, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Waldport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1800
Heating
NONE
Lot
0.19 ac
Current owner
From public records · entity-resolved
B Leasing
Individual
Mailing address
PO BOX 784, WALDPORT, OR 97394-0784
Ownership since
2011
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
Apr 25, 2011
$25,000
B Leasing
Springleaf Financial Svcs INC
Warranty Deed
—
Jul 20, 2010
—
American General Finl Svcs Of De
Thompson,gary D & Susan J
Deed In Lieu Of Foreclosure
related
—
—
—
B & R Leasing LLC
—
Deed Of Trust
related
$42,000 · Rita M Wafford
—
—
Gary D Thompson
—
Deed Of Trust
related
$89,833 · American General Finance INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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