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Property profile & analytics
OFF-MARKET
Estimated value
$2,600,000
Turn key restaurants
56 1st St Washougal, WA 98671
Individually Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2787844
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2011
Construction
STEEL FRAME
Total area
12,242 SF
Lot
1.9 ac (82,764 SF)
Zoning code
CH : WAS
APN
073139-001
UPID
US90-2787844
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
-
Washougal Waterfront Park Park Tourist Attraction
-
Black Pearl On The Columbia Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$2.60M
Owner & transaction history
Black Pearl On The Columbia Ll · 8 yrs held
Black Pearl On The Columbia Ll
since 2018
7 recorded transactions
Zoning & alternative use
CH : WAS · Washougal, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.8M
+4.1%
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 Washougal submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Washougal 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
RESTAURANT
$3,655,000
Current use
RETAIL STORES
$3,800,000
Change: +4% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,395,000
Change: -7% · Conversion: Difficult
MEDICAL BUILDING
$3,285,000
Change: -10% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,980,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.60M
Range $2.34M – $2.86M · ±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
$212 / 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
$47,486
Tax year 2023
Assessed value
$5,250,112
Assessed 2023
Previous assessed
$4,565,315
+15.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$2,135,808
Assessed improvement
$3,114,304
Land market value
$2,135,808
Improvement market value
$3,114,304
Total market value
$5,250,112
Applied tax rate
10,111.0000
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
2011
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Total area
12,242 SF
Lot
1.9 ac (82,764 SF)
Zoning code
CH : WAS
APN
073139-001
UPID
US90-2787844
Jurisdiction
CLARK
Zoning & alternative use
CH : WAS · Washougal, WAZoning CH : WAS · permitted uses
CH : WAS · Washougal, 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
RESTAURANT Current
Est. value
$3.7M
RETAIL STORES
Est. value
$3.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$3.0M
RESTAURANT Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
2011
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Lot
1.9 ac
Current owner
From public records · entity-resolved
Black Pearl On The Columbia Ll
Individual
Free & Clear · 8 yrs held
Mailing address
25011 NE CRESAP RD, BATTLE GROUND, WA 98604-8238
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 15, 2018
—
Black Pearl On The Columbia Ll
Share Barrett Trust
Grant Deed
—
Jul 1, 2016
$1,500,000
William W Sherertz
Barrett Business Services INC
Warranty Deed
—
Dec 23, 2009
$1,400,000
Barrett Business Services INC
Espinosa,victor
Warranty Deed
$500,000 · Salah Al-mudarris
Aug 26, 2008
$677,352
Gina Mudarris
Espinoza,victor
Quit Claim Deed
related
—
Aug 26, 2008
$682,325
Salah S Al-mudarris
Espinoza,victor
Quit Claim Deed
related
—
May 19, 2004
$1,628,090
Victor Espinoss
Killian,george & Elaine
Grant Deed
$1,200,000 · Investment Property Exchange
Aug 28, 1997
$605,000
George Killian
Hambleton Family LP
Grant Deed
$605,000 · Seller
Apr 2, 1996
—
Hambleton Family LP-i
Hambleton,floyd E & Helen M
Quit Claim Deed
related
—
Jan 30, 1992
$330,000
Floyd E Hambleton
Unknown
Grant Deed
—
—
—
Victor Espinosa
—
Deed Of Trust
related
$1,400,000 · Fairway Commercial Mortgage
—
—
Victor Espinoza
—
Deed Of Trust
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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