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Property profile & analytics
OFF-MARKET
Estimated value
$2,370,000
Commercial real estate
555 Pacific St, Rockaway Beach, OR 97136-9923
Individually Owned
3-yr Hold
Free & Clear
Property ID
US71-1882425
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1973
Total area
9,528 SF
Zoning code
RK-R-R
APN
2N1032-BC-04600
UPID
US71-1882425
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
$2.73M
Blend (final)
Blend
$2.37M
Owner & transaction history
Kenya Miller · 3 yrs held
Kenya Miller
since 2022
7 recorded transactions
Zoning & alternative use
RK-R-R · Rockaway Beach, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+35.6%
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 Rockaway Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockaway 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,835,000
Current use
RESTAURANT
$2,490,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$2.37M
Range $2.13M – $2.61M · ±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
$249 / 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
$14,595
Tax year 2023
Assessed value
$1,467,710
Assessed 2023
Previous assessed
$1,424,970
+3.0% YoY
Effective rate
0.99%
On assessed value
Assessed improvement
$1,467,710
Improvement market value
$3,022,660
Total market value
$3,022,660
Applied tax rate
5,602.0000
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
1973
Heating
NONE
Stories
1
Total area
9,528 SF
Zoning code
RK-R-R
APN
2N1032-BC-04600
UPID
US71-1882425
Jurisdiction
TILLAMOOK
Zoning & alternative use
RK-R-R · Rockaway Beach, OR
Zoning RK-R-R · permitted uses
RK-R-R · Rockaway Beach, OR
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockaway Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.8M
RESTAURANT
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
1973
Heating
NONE
Stories
1
Current owner
From public records · entity-resolved
Kenya Miller
Individual
Free & Clear · 3 yrs held
Mailing address
615 N PACIFIC ST, ROCKAWAY BEACH, OR 97136-9924
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
55 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2022
—
Kenya Miller
Conrad Sanders
Warranty Deed
—
Dec 10, 2020
—
Samuel Asenberner
Rockaway Beach Resort INC
Grant Deed
related
—
Dec 7, 2020
—
Rockaway Beach Resort INC
Susan Voight
Warranty Deed
related
—
Jul 27, 2020
—
Kelly Cole
Rockaway Beach Resort INC
Grant Deed
related
—
Dec 3, 2019
$550
Susan Buescher
Rockaway Beach Resort INC
Grant Deed
related
—
Oct 15, 2018
—
Anthony V Carollo
Carollo,james A & Julie A
Quit Claim Deed
related
—
Jul 20, 2018
—
Ms Real Estate Services INC
Rockaway Beach Resort INC
Grant Deed
related
—
Jul 13, 2018
—
Rockaway Beach Resort INC
Jensen,andrew P & Julie F
Warranty Deed
related
—
Jun 14, 2018
$1,700
Andrew Smith
Hoglund J Family Trust
Warranty Deed
related
—
Jun 7, 2018
—
Rockaway Beach Resort INC
Wrightson,john W III & Mary A
Warranty Deed
related
—
May 31, 2018
$695
Paula Dewit
Rockaway Beach Resort INC
Warranty Deed
—
May 11, 2018
—
Rockaway Beach Resort INC
Jensen,andy & Kacee
Warranty Deed
—
Apr 11, 2018
—
Rockaway Beach Resort INC
Revelle Ries & Hawkins P S
Warranty Deed
—
Apr 10, 2018
—
Rockaway Beach Resort INC
Menne,james E & Glenda F
Warranty Deed
related
—
Apr 3, 2018
—
Sadequa Ellis
Rockaway Beach Resort INC
Warranty Deed
related
—
Mar 22, 2018
—
Rockaway Beach Resort INC
Rousselle,maryalice
Warranty Deed
—
Mar 21, 2018
$695
Brewer,g W & M A Famly Trust
Rockaway Beach Resort INC
Warranty Deed
—
Mar 21, 2018
$715
Douglas M Chapman
Rockaway Beach Resort INC
Warranty Deed
—
Mar 14, 2018
—
Angelique Vandercreek
Berghout,jan M & Anna-maria
Warranty Deed
related
—
Mar 7, 2018
—
Rockaway Beach Resort INC
Pate,evelyn M
Warranty Deed
—
Feb 27, 2018
—
Chris J James
Hertel,mark C & Shelly A
Warranty Deed
related
—
Feb 23, 2018
—
William A Bailey III
Rockaway Beach Resort INC
Warranty Deed
related
—
Feb 6, 2018
—
Rockaway Beach Resort INC
Rashell,ronald & Rosemary
Warranty Deed
related
—
Feb 5, 2018
—
Rockaway Beach Resort INC
Wood,mark P & Loretta A
Warranty Deed
—
Feb 2, 2018
—
Charles H Fogarty
Rockaway Beach Resort INC
Warranty Deed
—
Feb 1, 2018
$695
Diane Larson
Rockaway Beach Resort INC
Warranty Deed
—
Jan 30, 2018
—
Jeanine L Smith
Rockaway Beach Resort INC
Warranty Deed
related
—
Jan 23, 2018
—
Rockaway Beach Resort INC
Brown,stephen L
Warranty Deed
related
—
Jan 22, 2018
—
Rockaway Beach Resort INC
Harm,ronald A & Caryl C
Warranty Deed
related
—
Jan 18, 2018
$695
Phillip Boersma
Rockaway Beach Resort
Warranty Deed
related
—
Jan 18, 2018
—
Rockaway Beach Resort INC
Myers Paula R Trust
Warranty Deed
related
—
Jan 17, 2018
—
Jacqueline Kraus
Worden Family L/tr
Warranty Deed
—
Jan 16, 2018
$995
Brewer,g W & M A Family Trust
Rockaway Beach Resort INC
Warranty Deed
—
Jan 16, 2018
$1,690
Stephen J Hurst
Rockaway Beach Resort INC
Warranty Deed
—
Jan 4, 2018
—
Rockaway Beach Resort INC
Kukowski,kathleen M
Warranty Deed
—
Dec 21, 2017
—
Sharon B Cameron
Deboer Family Living Trust
Warranty Deed
related
—
Dec 14, 2017
$995
Robert J Gillard
Rockaway Beach Resort INC
Warranty Deed
related
—
Nov 9, 2017
—
Conrad Sanders
Rockaway Beach Resort INC
Warranty Deed
—
Nov 2, 2017
$995
Randy Heinsohn
Rockaway Beach Resort INC
Warranty Deed
$123,500 · Nations Lndg
Nov 1, 2017
—
Rockaway Beach Resort INC
Wagner Living Trust
Warranty Deed
—
Oct 24, 2017
—
Rockaway Beach Resort
Yoder,gerald & W Jean
Warranty Deed
related
—
Oct 24, 2017
$995
Hawes John
Rockaway Beach Resort INC
Warranty Deed
related
—
Aug 1, 2017
—
Lief A Williams
William Living Trust
Quit Claim Deed
related
—
Jul 27, 2017
—
Jerry Lacava
Zavaglia,anthony
Warranty Deed
—
Mar 30, 2017
—
Rockaway Beach Resort INC
Reanier,carol L
Warranty Deed
related
—
Feb 24, 2014
$700
Jerry Steinbrink
Rockaway Beach Resort INC
Warranty Deed
related
—
Oct 31, 2012
$700
Barbara Dubbert
Rockaway Beach Resort INC
Warranty Deed
related
—
Feb 4, 2010
—
Rockaway Beach Resort INC
Carlsen,john W & Sharon K
Deed In Lieu Of Foreclosure
related
—
Sep 17, 2007
$1,600
Terry T Trask
Appel,ron G
Warranty Deed
related
—
Apr 23, 2007
—
James A Carollo
Carollo,james A & Nola P
Quit Claim Deed
related
—
Apr 20, 2005
$3,000
Robert J Arnold
Rebo,keith M & Gladys R
Warranty Deed
related
—
Mar 23, 2005
$1,800
Anthony V Carollo
Morris,susan E
Warranty Deed
related
—
Mar 23, 2005
$1,700
James A Carollo
Morris,susan E
Warranty Deed
related
—
Mar 30, 2004
$2,500
H J Hensler
Turner,chesley N & Cheryll R
Warranty Deed
related
—
Nov 4, 2003
—
Behrens Of Wallingford LLC
Palmer,harold L & Patricia L
Warranty Deed
related
$29,900 · Joan L Anderson
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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