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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Turn key restaurants
470 Roosevelt Dr, Seaside, OR 97138-6746
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US71-1045265
Property summary
AI-generated overview
This 3,178 square foot retail space, formerly a Pizza Hut, is available for sale at $900,000. Located at 470 S Roosevelt Drive in Seaside, Oregon (zip code 97138), this property boasts excellent visibility on Highway 101 and is within walking distance of downtown. The building, constructed in 1993 and extensively renovated in 2023, sits on a half-acre lot (0.5 acres) and is zoned C. The interior has been completely demoed, offering a "blank slate" for a variety of uses, including restaurants, offices, or other retail businesses. Ample parking is available. The property is ideal for an investor with a tenant or an owner-user. While a sale is preferred, serious lease inquiries are welcome. This property can be purchased individually or as part of a portfolio that includes two additional multi-family development sites in Seaside. Further details regarding potential uses are available upon request.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1993
Lot
0.5 ac (21,780 SF)
APN
61021AD16400
UPID
US71-1045265
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
$915k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$970k
Owner & transaction history
Sp Seaside LLC · 1 yrs held
Sp Seaside LLC
since 2025
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
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 Seaside submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seaside 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
$800,000
ML approach
$915,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±10% · vs last sale $1.00M (Nov 28 2024)
Last sale anchor
$1.00M
Nov 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
—
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
$11,621
Tax year 2023
Assessed value
$846,155
Assessed 2023
Previous assessed
$929,163
-8.9% YoY
Effective rate
1.37%
On assessed value
Assessed land
$676,379
Assessed improvement
$169,776
Land market value
$676,379
Improvement market value
$169,776
Total market value
$846,155
Applied tax rate
1,029.0000
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
1993
Heating
YES
Cooling
YES
Lot
0.5 ac (21,780 SF)
APN
61021AD16400
UPID
US71-1045265
Jurisdiction
CLATSOP
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1993
Heating
YES
Cooling
Yes
Lot
0.5 ac
Current owner
From public records · entity-resolved
Sp Seaside LLC
Entity
Mailing address
11468 NW BLACKHAWK DR, PORTLAND, OR 97229-4058
Ownership since
2025
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
Feb 28, 2025
$1,000,000
Sp Seaside LLC
Masudur R Khan
Warranty Deed
$600,000 · Bank Of The Pacific
Jan 26, 2024
—
Masudur R Khan
—
Deed
related
$648,695 · Insomnia Handcraft INC
Mar 2, 2022
$880,000
Masudur R Khan
Pacific Coast Investments INC
Warranty Deed
$580,000 · Pacific Coast Investments INC
—
—
Pacific Coast Investments INC
—
Deed Of Trust
related
$630,000 · National Franchise Acceptance
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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