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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Retail space
300 Dock St Westport, WA 98595
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-3009406
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
STEEL FRAME
Total area
3,115 SF
Lot
0.29 ac (12,632 SF)
APN
104000100200
UPID
US90-3009406
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
-
The King Tide Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$624k
Blend (final)
Blend
$720k
Owner & transaction history
300 E Dock Street LLC · 2 yrs held
300 E Dock Street LLC
since 2024
Last sale
$719,967
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$600,000
+32.5%
Commercial (general)
$510,000
+12.2%
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
$720,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$580,000
7%
$535,000
Alternative Use
Use
Estimation
RETAIL STORES
$455,000
Current use
OFFICE BUILDING
$600,000
Change: +33% · Conversion: Easy
COMMERCIAL (GENERAL)
$510,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $720k (Feb 28 2024)
Last sale anchor
$720k
Feb 28 2024
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
$231 / 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
$4,256
Tax year 2023
Assessed value
$449,217
Assessed 2022
Previous assessed
$326,640
+37.5% YoY
Effective rate
0.95%
On assessed value
Assessed land
$237,500
Assessed improvement
$211,717
Land market value
$237,500
Improvement market value
$211,717
Total market value
$449,217
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1950
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Total area
3,115 SF
Lot
0.29 ac (12,632 SF)
APN
104000100200
UPID
US90-3009406
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$455,000
OFFICE BUILDING
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$510,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1950
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
300 E Dock Street LLC
Entity
Mailing address
32573 NE 40TH ST, CARNATION, WA 98014-8731
Ownership since
2024
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
Feb 28, 2024
$719,967
300 E Dock Street LLC
Jason Barker
Warranty Deed
$140,000 · Banner Bank
Jul 11, 2022
$500,000
Jason Barker
Laura J Pilgrim
Warranty Deed
$450,000 · Laura Pilgrim
Oct 5, 2005
$210,969
Laura J Pilgrim
Westport Investments LLC
Warranty Deed
$40,643 · Westport Investments LLC
Apr 20, 2005
—
Westport Investments LLC
Maples,chuck
Quit Claim Deed
related
—
Nov 15, 2004
$185,000
Chuck Maples
Steele,helen
Warranty Deed
$170,000 · Helen Steele
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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