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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Hotels
25517 Park Ave Ocean Park, WA 98640-4029
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US90-2462692
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1991
Total area
2,916 SF
Lot
5.4 ac (235,224 SF)
APN
12113301022
UPID
US90-2462692
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
Current use
Occupant on record · Public records
-
Free by the Sea Medical Clinic
-
Alaska Drug Addiction Treatment Center Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$846k
Blend (final)
Blend
$735k
Owner & transaction history
Sunset View Holdings LLC · 14 yrs held
Sunset View Holdings LLC
since 2011
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$505,000
+29.2%
Commercial (general)
$470,000
+19.7%
Retail stores
$455,000
+16.3%
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 Ocean Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean Park 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
Method
Estimation
Statistic approach
by Request
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$505,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$470,000
Change: +20% · Conversion: Difficult
RETAIL STORES
$455,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$735k
Range $662k – $809k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$252 / SF
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 2024Property tax & assessments
Tax year 2024
Tax billed
$19,770
Tax year 2024
Assessed value
$2,786,000
Assessed 2024
Previous assessed
$2,786,000
+0.0% YoY
Effective rate
0.71%
On assessed value
Assessed land
$450,900
Assessed improvement
$2,335,100
Land market value
$450,900
Improvement market value
$2,335,100
Total market value
$2,786,000
Applied tax rate
24.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1991
Heating
NONE
Buildings
4
Stories
2
Total area
2,916 SF
Lot
5.4 ac (235,224 SF)
APN
12113301022
UPID
US90-2462692
Jurisdiction
PACIFIC
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$505,000
COMMERCIAL (GENERAL)
Est. value
$470,000
RETAIL STORES
Est. value
$455,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Stories
2
Buildings
4
Lot
5.4 ac
Current owner
From public records · entity-resolved
Sunset View Holdings LLC
Entity
Mailing address
PO BOX 1155, OCEAN PARK, WA 98640-1155
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2017
—
Sunset View Holdings LLC
—
Deed
related
$200,000 · Great Northwest FCU
Dec 19, 2011
—
Sunset View Holdings LLC
Coffin,kenneth E & Kay B
Quit Claim Deed
related
—
—
—
Kenneth E Coffin
—
Deed Of Trust
related
$1,095,000 · Great Northwest FCU
—
—
Sunset View Holdings LLC
—
Deed Of Trust
related
$200,000 · Great Northwest FCU
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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