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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Retail space
58 Main St Pacific Beach, WA 98571-5004
Individually Owned
2-yr Hold
Free & Clear
Property ID
US90-1497653
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1962
Construction
STEEL FRAME
Total area
3,244 SF
Lot
0.37 ac (16,117 SF)
Zoning code
C2
APN
795500400500
UPID
US90-1497653
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
$835k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$835k
Owner & transaction history
Sam Yi Chong · 2 yrs held
Sam Yi Chong
since 2024
Last sale
$837,467
7 recorded transactions
Zoning & alternative use
C2 · Pacific Beach, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$625,000
+32.5%
Commercial (general)
$530,000
+12.2%
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
$835,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
$655,000
6.5%
$600,000
7%
$560,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$625,000
Change: +33% · Conversion: Easy
COMMERCIAL (GENERAL)
$530,000
Change: +12% · Conversion: Easy
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $837k (Jan 11 2024)
Last sale anchor
$837k
Jan 11 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
$257 / 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
$2,158
Tax year 2023
Assessed value
$306,423
Assessed 2022
Previous assessed
$306,423
+0.0% YoY
Effective rate
0.70%
On assessed value
Assessed land
$230,768
Assessed improvement
$75,655
Land market value
$230,768
Improvement market value
$75,655
Total market value
$306,423
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1962
Construction
STEEL FRAME
Heating
NONE
Stories
1
Total area
3,244 SF
Lot
0.37 ac (16,117 SF)
Zoning code
C2
APN
795500400500
UPID
US90-1497653
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.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$625,000
COMMERCIAL (GENERAL)
Est. value
$530,000
OFFICE 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
1962
Construction
STEEL FRAME
Heating
NONE
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Sam Yi Chong
Individual
Free & Clear · 2 yrs held
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2024
$96,950
Sam Yi Chong
Bacopa LLC
Quit Claim Deed
related
—
May 18, 2023
$837,467
Amy Nicole Collins
Karin Malzan Phifer
Warranty Deed
—
Dec 6, 2021
—
Cathy Lynne
K M Phifer
Quit Claim Deed
related
—
Dec 5, 2019
$185,000
Karin M Phifer
Ss & S LLC
Warranty Deed
—
Oct 19, 2016
—
Ss & S LLC
Choudhary,sher
Quit Claim Deed
related
—
Jul 19, 2016
$475,000
Sher Choudhary
Sj & Mj INC
Warranty Deed
$405,000 · Private Individual
Aug 8, 2014
$350,000
Sj & Mj INC
Kim,johnny & Sue H
Grant Deed
—
—
—
Kim,johnny & Sue H
—
Loan Modification
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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