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Property profile & analytics
OFF-MARKET
Retail space
598 Pt Brown NE Ave, Ocean Shores, WA 98569
Entity Owned
5-yr Hold
Free & Clear
Property ID
US90-0450842
Property summary
AI-generated overview
This exceptional 0.8-acre commercial land parcel, located at 598 Point Brown Ave. E. in Ocean Shores, WA 98569, presents a unique investment opportunity. Zoned B1 (Retail Commercial), this flat lot offers 2,016 square feet and boasts direct canal access complete with a dock. Its prime location places it in close proximity to Ocean Shores' retail hub, making it ideal for a variety of commercial ventures, including restaurants, fast-food establishments, or other retail facilities. Ocean Shores enjoys a vibrant tourism industry, renowned for its expansive Pacific beach, navigable waterways, and proximity to Ocean City State Park, a haven for birdwatchers. The city's popularity as a summer destination and a winter storm-watching spot, coupled with its proximity to Westport and its fishing harbor, ensures a consistent flow of visitors. This property offers significant potential for developers and investors seeking a high-visibility location within a thriving coastal community. The property is priced at $595,000.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Construction
STEEL FRAME
Total area
288 SF
Lot
0.8 ac (34,848 SF)
APN
90500000100
UPID
US90-0450842
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cdh Global LLC · 5 yrs held
Cdh Global LLC
since 2021
Last sale
$175,000
7 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 Ocean Shores submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean Shores 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$2,708
Tax year 2023
Assessed value
$414,221
Assessed 2022
Previous assessed
$345,796
+19.8% YoY
Effective rate
0.65%
On assessed value
Assessed land
$266,625
Assessed improvement
$147,596
Land market value
$266,625
Improvement market value
$147,596
Total market value
$414,221
Applied tax rate
64.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
BASEBOARD
Buildings
2
Stories
2
Total area
288 SF
Lot
0.8 ac (34,848 SF)
APN
90500000100
UPID
US90-0450842
Jurisdiction
GRAYS HARBOR
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
1997
Construction
STEEL FRAME
Heating
BASEBOARD
Stories
2
Buildings
2
Lot
0.8 ac
Current owner
From public records · entity-resolved
Cdh Global LLC
Entity
Free & Clear · 5 yrs held
Mailing address
162 SEAWIND LN SW, OCEAN SHORES, WA 98569-2000
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2021
—
Cdh Global LLC
Cdh Properties LLC
Quit Claim Deed
related
—
Nov 25, 2019
—
Cdh Properties LLC
Margaret E Dawson
Quit Claim Deed
related
—
Jun 21, 2019
$175,000
Margaret E Dawson
Z Homes LLC
Warranty Deed
—
Jan 30, 2017
$133,750
Z Homes LLC
Kappert,henry & Mary L
Warranty Deed
—
Jan 30, 2012
$60,000
Henry Kappert
Lee D M Trust
Warranty Deed
—
Sep 27, 2010
—
Lee D M Trust
Jeppesen Gray Sakai Ps
Trustees Deed
related
—
Oct 5, 2004
—
Kat Property 2 LLC
Swigert,karen F
Quit Claim Deed
related
—
Apr 20, 2004
$225,000
Karen Swigert
Lee D M Trust
Warranty Deed
$211,000 · Lee D M Trust (tr)
—
—
Karen Swigert
—
Deed Of Trust
related
$66,071 · Shorebank Pacific
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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