Financial
Distress signals
Property profile

31359 State Route 20 Oak Harbor, WA 98277

FOR LEASE
Turn key restaurants
Property ID
US90-0799407
2,644 SF 0.43 ac lot Built 1960
Last sale Jan 2023 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
31359 State Route 20, Oak Harbor, WA 98277 For Lease
Contact for pricing 2,694 SF available
31359 State Route 20, Oak Harbor, WA 98277
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Property summary

AI-generated overview

The property is a former restaurant and bar space configured for dining and hospitality use, located on State Route 20 in Oak Harbor with road frontage that supports high public visibility. The main level provides a commercial kitchen and a full dining area, and includes access to a private outdoor patio that supports indoor-outdoor dining. An upper level of approximately 660 square feet is suited for a bar, lounge, or private event space and features a wraparound deck with views of Oak Harbor.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$624k
Assessed land$370k
Assessed improvement$254k

Value estimate

· Sep 2026
$875k
$788k – $963k
AI approach$880k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
OH
JurisdictionISLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply15.3
Parking Facility12.8
HVAC Service12.8

Location

31359 State Route 20 Oak Harbor, WA 98277
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
950 Whidbey, Oak Harbor, WA 98277-2674 $700,000 May 2025 2,338 SF
380 Barrington, Oak Harbor, WA 98277-3266 $1,050,000 Feb 2024 2,690 SF
32825 State Rte 20, Oak Harbor, WA 98277-2672 $1,507,179 Sep 2023 3,098 SF
675 Midway, Oak Harbor, WA 98277-2663 $740,000 Feb 2022 3,170 SF
32205 State Rte 20, Oak Harbor, WA 98277-3775 $1,275,000 Dec 2020 2,350 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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