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Property profile & analytics
OFF-MARKET
Estimated value
$1,190,000
Motels
56 Central Ave, Pacific Beach, WA 98571
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US90-1286336
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1947
Construction
STEEL FRAME
Total area
5,095 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C2
APN
795500701400
UPID
US90-1286336
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
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.19M
Owner & transaction history
Mike Webber · 1 yrs held
Mike Webber
since 2025
Last sale
$1.1M
6 recorded transactions
Zoning & alternative use
C2 · Pacific Beach, 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 Pacific Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pacific 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
$1,310,000
ML approach
$1,345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.19M
Range $1.07M – $1.31M · ±10% · vs last sale $1.12M (Dec 7 2024)
Last sale anchor
$1.12M
Dec 7 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
$234 / 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
$3,273
Tax year 2023
Assessed value
$464,648
Assessed 2022
Previous assessed
$464,648
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$52,800
Assessed improvement
$411,848
Land market value
$52,800
Improvement market value
$411,848
Total market value
$464,648
Applied tax rate
64.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1947
Construction
STEEL FRAME
Heating
NONE
Stories
3
Total area
5,095 SF
Lot
0.11 ac (4,792 SF)
Zoning code
C2
APN
795500701400
UPID
US90-1286336
Jurisdiction
GRAYS HARBOR
Zoning & alternative use
C2 · Pacific Beach, WA
Zoning C2 · permitted uses
C2 · Pacific Beach, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pacific Beach. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Construction
STEEL FRAME
Heating
NONE
Stories
3
Lot
0.11 ac
Current owner
From public records · entity-resolved
Mike Webber
Individual
Mailing address
1706 147TH ST CT S, SPANAWAY, WA 98387-9059
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2025
$1,119,967
Mike Webber
Fletcher Debely
Warranty Deed
$1,070,633 · Security State Bank
Mar 2, 2022
$995,000
Fletcher Debely
Garsee Properties LLC
Warranty Deed
$802,000 · Bruce Burris
Jul 19, 2018
$310,000
Garsee Properties LLC
Top Gallant LLC
Warranty Deed
$232,500 · Timberland Bank
Jan 3, 2006
$260,000
Top Gallant LLC
Sandcastle LLC
Warranty Deed
$225,000 · Sandcastle LLC
Oct 26, 2004
—
Sandcastle LLC
Sandcastle INC
Quit Claim Deed
related
—
—
—
Top Gallant LLC
—
Deed Of Trust
related
$200,000 · Timberland Bank
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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