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Property profile & analytics
OFF-MARKET
Turn key restaurants
203 Main St Elma, WA 98541-8938
Individually Owned
7-yr Hold
~
Est. High Equity
Property ID
US90-0702609
Property summary
AI-generated overview
This thriving Cascade Pizza business in Elma, Washington presents a fantastic opportunity for an ambitious entrepreneur. Located at 203 W Main St, this established eatery is offered at $359,000 and includes all furniture, fixtures, and equipment. The inviting interior features a beautiful bar and seating area, providing ample space for potential business expansion. Two convenient offices are included, along with ADA-compliant restrooms for customer accessibility. The polished concrete floors add a modern touch, and the dual entrances ensure smooth customer flow and operational efficiency. A new point-of-sale (POS) system is already in place, streamlining transactions and management. This turnkey operation is ready for a new owner to step in and continue its success. The building itself is also available for separate purchase
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1983
Construction
STEEL FRAME
Total area
4,283 SF
Lot
0.38 ac (16,553 SF)
APN
43000200100
UPID
US90-0702609
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
Stuart C Schreiner · 7 yrs held
Stuart C Schreiner
since 2018
7 recorded transactions
Zoning & alternative use
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 Elma submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elma 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
$5,482
Tax year 2023
Assessed value
$580,481
Assessed 2022
Previous assessed
$481,107
+20.7% YoY
Effective rate
0.94%
On assessed value
Assessed land
$183,356
Assessed improvement
$397,125
Land market value
$183,356
Improvement market value
$397,125
Total market value
$580,481
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
1983
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
4,283 SF
Lot
0.38 ac (16,553 SF)
APN
43000200100
UPID
US90-0702609
Jurisdiction
GRAYS HARBOR
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Stuart C Schreiner
Individual
Mailing address
86 CP CRK RD, MONTESANO, WA 98563-9708
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2018
$245,000
Stuart C Schreiner
Bossard,douglas J & Michelle D
Warranty Deed
$185,000 · Douglas J & Michelle D Bossard
Sep 25, 2012
$260,000
Douglas J Bossard
Bbcn Bk
Grant Deed
—
Jun 14, 2012
$372,223
Bbcn Bk
Td Service Co Of Washington
Trustees Deed
related
—
Jun 5, 2006
$500,000
3c Investment INC
Hoak,gary W & Ok C
Warranty Deed
$700,000 · Innovative Bank
—
—
Gary W Hoak
—
Deed Of Trust
related
$292,691 · City Bank
—
—
Gary W Hoak
—
Deed Of Trust
related
$367,765 · City Bank
—
—
3 C Investments INC
—
Deed Of Trust
related
$300,000 · Gary W & Ok C Hoak
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.
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