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    Property profile & analytics

    1403 227th Pl Ocean Park, WA 98640

    • Retail space
    • 3,516 SF
    • 1.52 lot acres
    OFF-MARKET
    Value Estimation
    $410,000
    Location Intelligence
    Property ID
    US90-2083691
    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

    • Retail space

    Property Details for 1403 227th Pl

    Year built
    1998
    Lot size
    1.52 lot acres
    Property size
    3,516 SF
    Property type
    Retail space
    APN
    11110432119
    APU
    11110432119

    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
    -124.052
    Latitude
    46.467

    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
    $5,333
    $119,800
    $622,900
    $742,700
    -
    $119,800
    $622,900
    $742,700

    Comparable in this City

    • Value Estimation
      $370,000
      1,160 SF

      1024 Bay Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,160 SF
      1024 Bay Ave, Ocean Park, WA 98640-4299
      View Details
    • Value Estimation by Request
      0.29 Acres

      31607 I St

      RETAIL STORES (PERSONAL SERVICES) • 0.29 Acres
      31607 I St, Ocean Park, WA 98640-5247
      View Details
    • Value Estimation by Request
      14,894 SF

      25302 Vernon Ave

      RETAIL STORES (PERSONAL SERVICES) • 14,894 SF
      25302 Vernon Ave, Ocean Park, WA 98640
      View Details
    • Value Estimation by Request
      0.08 Acres

      2002 Bay Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.08 Acres
      2002 Bay Ave, Ocean Park, WA 98640-4240
      View Details
    • Value Estimation by Request
      0.27 Acres

      31611 I St

      RETAIL STORES (PERSONAL SERVICES) • 0.27 Acres
      31611 I St, Ocean Park, WA 98640-5247
      View Details
    • Value Estimation
      $300,000
      1,600 SF

      Ocean Park, WA 98640

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
      Ocean Park, WA 98640
      View Details

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    1403 227th Pl
    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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