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Property profile & analytics
OFF-MARKET
Estimated value
$5,135,000
Commercial real estate
3019 Ocean Bch Rd Pacific Beach, WA 98571-0192
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US90-2523633
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2007
Construction
STEEL FRAME
Total area
25,420 SF
Lot
5.07 ac (220,849 SF)
Zoning code
I2
APN
201222330050
UPID
US90-2523633
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
$4.86M
Comparable Approach
Comparable
$5.93M
Blend (final)
Blend
$5.14M
Owner & transaction history
Aloha Self Storage INC · 18 yrs held
Aloha Self Storage INC
since 2008
3 recorded transactions
Zoning & alternative use
I2 · Pacific Beach, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.4M
+29.8%
Office building
$4.9M
+18.1%
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 Pacific Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacific 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,260,000
6.5%
$4,855,000
7%
$4,510,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,145,000
Current use
RESTAURANT
$5,380,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$4,895,000
Change: +18% · Conversion: Easy
RETAIL STORES
$3,695,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$5.14M
Range $4.62M – $5.65M · ±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
$202 / 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
$16,762
Tax year 2023
Assessed value
$2,379,850
Assessed 2022
Previous assessed
$1,540,407
+54.5% YoY
Effective rate
0.70%
On assessed value
Assessed land
$38,652
Assessed improvement
$2,341,198
Land market value
$38,652
Improvement market value
$2,341,198
Total market value
$2,379,850
Applied tax rate
64.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
25,420 SF
Lot
5.07 ac (220,849 SF)
Zoning code
I2
APN
201222330050
UPID
US90-2523633
Jurisdiction
GRAYS HARBOR
Zoning & alternative use
I2 · Pacific Beach, WAZoning I2 · permitted uses
I2 · Pacific Beach, WA
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
COMMERCIAL (GENERAL) Current
Est. value
$4.1M
RESTAURANT
Est. value
$5.4M
OFFICE BUILDING
Est. value
$4.9M
RETAIL STORES
Est. value
$3.7M
COMMERCIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
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
2007
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
5.07 ac
Current owner
From public records · entity-resolved
Aloha Self Storage INC
Entity
Mailing address
PO BOX 401, PACIFIC BEACH, WA 98571-0401
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2008
—
Aloha Self Storage INC
Mark Baxter
Quit Claim Deed
related
$100,000 · Us Bank NA
—
—
Aloha Self Storage INC
—
Deed Of Trust
related
$194,000 · Us Bank NA
—
—
Aloha Self Storage INC
—
Deed Of Trust
related
$237,804 · Us Bank NA
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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