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    Property profile & analytics

    1311 Bay Ave Ocean Park, WA 98640

    • Turn key restaurants
    • 840 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $390,000
    Location Intelligence
    Property ID
    US90-2049784
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • MyCovio's / Italian Restaurant

    Property Details for 1311 Bay Ave

    Year built
    2018
    Lot size
    0.23 lot acres
    Property size
    840 SF
    Property type
    Turn key restaurants
    APN
    75016000139
    APU
    75016000139

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ocean Park
    County
    Pacific
    State
    Washington
    Longitude
    -124.051
    Latitude
    46.4918

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,480
    $115,500
    $230,700
    $346,200
    -
    $115,500
    $230,700
    $346,200

    Comparable in this City

    • Value Estimation
      $340,000
      4,196 SF

      3310 273rd St

      RESTAURANT • 4,196 SF
      3310 273rd St, Ocean Park, WA 98640
      View Details
    • Value Estimation
      $340,000
      1,296 SF

      1517 Bay Ave

      RESTAURANT • 1,296 SF
      1517 Bay Ave, Ocean Park, WA 98640
      View Details
    • Value Estimation
      $385,000
      2,640 SF

      21712 Pacific Way

      RESTAURANT • 2,640 SF
      21712 Pacific Way, Ocean Park, WA 98640-3220
      View Details
    • Value Estimation
      $365,000
      2,100 SF

      1410 260th Pl

      RESTAURANT • 2,100 SF
      1410 260th Pl, Ocean Park, WA 98640
      View Details
    • Value Estimation
      $340,000
      1,912 SF

      1201 Bay Ave

      RESTAURANT • 1,912 SF
      1201 Bay Ave, Ocean Park, WA 98640
      View Details
    • Value Estimation
      $205,000
      500 SF

      25311 Vernon Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 500 SF
      25311 Vernon Ave, Ocean Park, WA 98640
      View Details

    Similar Nearby for Sale

    • $475,000

      Ocean Park Restaurant/Bar with Views

      Former restaurant/bar with ocean views, development potential in Ocean Park.
      1201 Bay Ave, Ocean Park, WA 98640
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      1.3 acre lot with utilities and deeded beach access.
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    • $65,000
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      Vacant Lots in Pacific County

      Prime vacant lots in Pacific County, WA, awaiting your vision.
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    • $139,000
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      Ocean View Lot Near Beach

      Ocean Park land with view, beach access, and utilities.
      31405 J Pl, Ocean Park, WA 98640
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    • $139,000
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      Ocean Park Land Opportunity

      Three adjoining parcels totaling approximately .45 acres in Ocean Park.
      247Th Ln, Ocean Park, WA 98640
      View Details
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    1311 Bay Ave
    Ocean Park, WA 98640
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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