Individually Owned 
For Sale
1 / 12
$1,999,000
Ocean Ave, Cannon Beach, OR 97110
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Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1938
Lot
0.14 ac (6,098 SF)
Zoning code
R2
APN
41006BC00200
UPID
US71-1316132
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.05M
Owner & transaction history
since 2024
Last sale
$1.1M
1 recorded transaction
Zoning & alternative use
R2 · Cannon Beach, OR
Zoning description
010 - § 17.26.040) Chapter 17.28 RESIDENTIAL LOWER DENSITY (RL) ZONE (§ 17.28.010 - § 17.28.040) Chapter 17.30 RESIDENTIAL MODERATE DENSITY (R1) ZONE (§ 17.30.010 - § 17.30.040) Chapter 17.32 RESIDENTIAL MEDIUM DENSITY (…
General category
RESIDENTIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.05M
Value range
$945k – $1.16M
±10% around blend
Confidence
Property data
75
Market benchmarks
33
Comparable evidence
60
$945k
blend $1.05M
$1.16M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
Lot area
0.14 ac
Year built
1938
APN
41006BC00200
Zoning
R2
Assessed value
$713,868
Annual tax
$8,386
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.05M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 21 sales
$233
N/A
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
Not available
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.05M
Move the market yield to see immediate price impact.
Value / SF
N/A
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$66k
$1.32M
$945k
$735k
$74k
$1.47M
$1.05M
$817k
$81k
$1.62M
$1.16M
$898k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,386
Tax year 2023
Assessed value
$713,868
Assessed 2023
Previous assessed
$713,868
+0.0% YoY
Effective rate
1.17%
On assessed value
Land market value
$2,034,191
Improvement market value
$42,648
Total market value
$2,076,839
Applied tax rate
1,008.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1938
Heating
NONE
Lot
0.14 ac (6,098 SF)
Zoning code
R2
APN
41006BC00200
UPID
US71-1316132
Jurisdiction
CLATSOP
Zoning & alternative use
R2 · Cannon Beach, ORZoning R2 · permitted uses
R2 · Cannon Beach, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
010 - § 17.26.040) Chapter 17.28 RESIDENTIAL LOWER DENSITY (RL) ZONE (§ 17.28.010 - § 17.28.040) Chapter 17.30 RESIDENTIAL MODERATE DENSITY (R1) ZONE (§ 17.30.010 - § 17.30.040) Chapter 17.32 RESIDENTIAL MEDIUM DENSITY (…
General category
RESIDENTIAL
Building & site characteristics
From public records
Year built
1938
Heating
NONE
Lot
0.14 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
R2
RESIDENTIAL
Jurisdiction
Cannon Beach, OR
Recorded code
R2
Official district
R2
Official district profile
What the municipal code says about R2
Zoning description
010 - § 17.26.040) Chapter 17.28 RESIDENTIAL LOWER DENSITY (RL) ZONE (§ 17.28.010 - § 17.28.040) Chapter 17.30 RESIDENTIAL MODERATE DENSITY (R1) ZONE (§ 17.30.010 - § 17.30.040) Chapter 17.32 RESIDENTIAL MEDIUM DENSITY (…
General category
RESIDENTIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R2 in Cannon Beach, OR.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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