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Property profile & analytics
OFF-MARKET
Turn key restaurants
40678 State Rte 20, Oak Harbor, WA 98277-7944
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1931314
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1980
Total area
2,520 SF
Lot
1.13 ac (49,223 SF)
Zoning code
50
APN
R13435-210-2950
UPID
US90-1931314
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
-
Northwest Wildlife Sanctuary Animal Park
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
William D Coleburn · 4 yrs held
William D Coleburn
since 2022
Last sale
$380,000
4 recorded transactions
Zoning & alternative use
50 · Oak Harbor, 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 Oak Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Harbor 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
Property tax & assessments
Assessed value
$435,401
Assessed 2023
Previous assessed
$366,619
+18.8% YoY
Assessed land
$210,000
Assessed improvement
$225,401
Land market value
$210,000
Improvement market value
$225,401
Total market value
$435,401
Applied tax rate
112.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
1980
Heating
HEAT PUMP
Stories
1
Rooms
1
Total area
2,520 SF
Lot
1.13 ac (49,223 SF)
Zoning code
50
APN
R13435-210-2950
UPID
US90-1931314
Jurisdiction
ISLAND
Zoning & alternative use
50 · Oak Harbor, WA
Zoning 50 · permitted uses
50 · Oak Harbor, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oak Harbor. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1980
Heating
HEAT PUMP
Stories
1
Rooms
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
William D Coleburn
Individual
Mailing address
4709 WELCH LN, ANACORTES, WA 98221-8501
Ownership since
2022
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
Mar 10, 2022
$380,000
William D Coleburn
William L Massey
Warranty Deed
$190,000 · William Massey
Sep 10, 2018
$302,877
William L Massey
Cohen Jacob|lee,kum K
Trustees Deed
related
—
Aug 3, 2015
$300,000
Kum K Lee
Massey,william L & Kathleen A
Warranty Deed
$250,000 · William L Massey
Sep 4, 2009
$307,650
William L Massey
Xenos,tomoko
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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