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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Turn key restaurants
2858 Forrest St, Westport, WA 98595-9764
Entity Owned
4-yr Hold
Free & Clear
Property ID
US90-3234030
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2016
Construction
STEEL FRAME
Total area
3,256 SF
Lot
10.04 ac (437,342 SF)
Zoning code
R3
APN
161224140020
UPID
US90-3234030
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
-
Jay's Farmstand Specialty Food Shop Farmer's Market
-
The Fancy Accent Tea Co @ Evergreen Flower Farm (Bike/Boat/Book/etc) Store Specialty Food Shop
-
Wildflowers (Bike/Boat/Book/etc) Store Florist
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Sand Dollar Steak and Spirits Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$960k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$835k
Owner & transaction history
Emmert Silver City 2 LLC · 4 yrs held
Emmert Silver City 2 LLC
since 2021
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
R3 · Westport, WA
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 Westport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westport 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
$875,000
ML approach
$960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$690,000
Current use
OFFICE BUILDING
$625,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $700k (Sep 10 2021)
Last sale anchor
$700k
Sep 10 2021
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
$256 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,758
Tax year 2023
Assessed value
$1,052,681
Assessed 2022
Previous assessed
$1,003,806
+4.9% YoY
Effective rate
1.02%
On assessed value
Assessed land
$102,060
Assessed improvement
$950,621
Land market value
$102,060
Improvement market value
$950,621
Total market value
$1,052,681
Applied tax rate
172.0000
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
2016
Construction
STEEL FRAME
Heating
HEAT PUMP
Buildings
2
Stories
1
Total area
3,256 SF
Lot
10.04 ac (437,342 SF)
Zoning code
R3
APN
161224140020
UPID
US90-3234030
Jurisdiction
GRAYS HARBOR
Zoning & alternative use
R3 · Westport, WA
Zoning R3 · permitted uses
R3 · Westport, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$690,000
OFFICE BUILDING
Est. value
$625,000
RESTAURANT Current
OFFICE BUILDING
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
2016
Construction
STEEL FRAME
Heating
HEAT PUMP
Stories
1
Buildings
2
Lot
10.04 ac
Current owner
From public records · entity-resolved
Emmert Silver City 2 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
14300 SW MCKINLEY DR, SHERWOOD, OR 97140-7089
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2021
$700,000
Emmert Silver City 2 LLC
Tiffany Family Holdings LLC
Warranty Deed
—
Mar 28, 2018
—
Tiffany Family Holdings LLC
Brookside Cranberry Vintners LLC
Quit Claim Deed
related
$322,000 · The Bank Of The Pacific
Jun 24, 2016
—
Brookside Cranberry Vintners LLC
—
Deed
related
$249,900 · Premier Financial Group INC
May 12, 2016
—
Brookside Cranberry Vintners L
—
Deed
related
$156,000 · Don Dunavant
Aug 16, 2011
$130,000
Cranberry Vintners L Brookside
Jarrett Financial LLC
Warranty Deed
$95,000 · Jarrett Fin'l LLC
Aug 16, 2011
—
Jarret Financial LLC
Direct Lndg Grp INC
Quit Claim Deed
—
Nov 14, 2008
$317,165
Lurena Living Kemalwske
Bishop White & Marshall
Trustees Deed
related
—
Dec 2, 2005
—
Westport Properties LLC
Chuck Maples Consulting
Quit Claim Deed
related
—
May 31, 2005
$349,673
Chuck Maples Consulting Co
South Beach Construction INC
Warranty Deed
$277,000 · Direct Lending Group INC
—
—
Brookside Cranberry Vintners L
—
Deed Of Trust
related
$156,000 · Don Dunavant
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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