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Property profile & analytics
OFF-MARKET
Turn key restaurants
4 1st Ave Ocean City, WA 98569-4912
Individually Owned
5-yr Hold
Free & Clear
Property ID
US90-2254600
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Construction
STEEL FRAME
Total area
260 SF
Lot
0.17 ac (7,405 SF)
Zoning code
C2
APN
786500500300
UPID
US90-2254600
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
Todd Eggebraten · 5 yrs held
Todd Eggebraten
since 2020
Last sale
$105,000
2 recorded transactions
Zoning & alternative use
C2 · Ocean City, 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 Ocean City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean City 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
$809
Tax year 2023
Assessed value
$104,237
Assessed 2022
Previous assessed
$104,237
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$33,000
Assessed improvement
$71,237
Land market value
$33,000
Improvement market value
$71,237
Total market value
$104,237
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Construction
STEEL FRAME
Heating
NONE
Total area
260 SF
Lot
0.17 ac (7,405 SF)
Zoning code
C2
APN
786500500300
UPID
US90-2254600
Jurisdiction
GRAYS HARBOR
Zoning & alternative use
C2 · Ocean City, WAZoning C2 · permitted uses
C2 · Ocean City, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
STEEL FRAME
Heating
NONE
Lot
0.17 ac
Current owner
From public records · entity-resolved
Todd Eggebraten
Individual
Free & Clear · 5 yrs held
Mailing address
9 OCEAN BLVD, OCEAN CITY, WA 98569-9320
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
$105,000
Todd Eggebraten
Davis Carol A Living Trust
Warranty Deed
—
Mar 1, 2012
—
Davis Carol A Living Trust
Davis,carol A
Quit Claim Deed
related
—
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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