New search
Property profile & analytics
OFF-MARKET
Turn key restaurants
165 Miller St, Rockaway Beach, OR 97136-9908
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US71-1750554
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1990
Total area
1,701 SF
Lot
0.09 ac (3,920 SF)
Zoning code
C-1
APN
2N1032-CC-10401
UPID
US71-1750554
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
Cosmo W Jones · 4 yrs held
Cosmo W Jones
since 2021
Last sale
$450,000
5 recorded transactions
Zoning & alternative use
C-1 · Rockaway Beach, 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 Rockaway Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockaway Beach 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
$2,894
Tax year 2023
Assessed value
$291,940
Assessed 2023
Previous assessed
$242,220
+20.5% YoY
Effective rate
0.99%
On assessed value
Assessed land
$50,190
Assessed improvement
$241,750
Land market value
$92,590
Improvement market value
$589,590
Total market value
$682,180
Applied tax rate
5,602.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1990
Heating
NONE
Total area
1,701 SF
Lot
0.09 ac (3,920 SF)
Zoning code
C-1
APN
2N1032-CC-10401
UPID
US71-1750554
Jurisdiction
TILLAMOOK
Zoning & alternative use
C-1 · Rockaway Beach, OR
Zoning C-1 · permitted uses
C-1 · Rockaway Beach, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockaway Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Lot
0.09 ac
Current owner
From public records · entity-resolved
Cosmo W Jones
Individual
Mailing address
PO BOX 1463, ROCKAWAY BEACH, OR 97136-1463
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2021
$450,000
Cosmo W Jones
Arthur Investments LLC
Warranty Deed
$315,000 · Consolidated Community Cu
Mar 3, 2020
—
Arthur Investments LLC
—
Deed
related
—
Dec 26, 2014
—
Arthur Investments LLC
Arthur Investments LLC
Intrafamily Transfer
related
$229,600 · Us Bank NA
Aug 4, 2011
—
Jeffrey R Yarbor
Tratz,colleen A
Warranty Deed
$145,000 · Fairway America LLC
—
—
Arthur Investments LLC
—
Deed Of Trust
related
—
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.
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?”
You own 165 Miller St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
