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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Turn key restaurants
705 Pioneer Way, Oak Harbor, WA 98277-5725
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US90-1714532
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1950
Total area
4,346 SF
Lot
0.06 ac (2,522 SF)
Zoning code
OH
APN
S6565-00-00029-0
UPID
US90-1714532
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
-
Riverside Cafe II Restaurant
-
Riverside Cafe & Lounge Oak Harbor Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
Cibrian Coml Prop LLC · 5 yrs held
Cibrian Coml Prop LLC
since 2020
Last sale
$460,000
5 recorded transactions
Zoning & alternative use
OH · Oak Harbor, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$850,000
+38.0%
Retail stores
$650,000
+6.0%
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 Oak Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Harbor 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
$685,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$615,000
Current use
COMMERCIAL (GENERAL)
$850,000
Change: +38% · Conversion: Easy
RETAIL STORES
$650,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$590,000
Change: -4% · Conversion: Moderate
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $460k (Aug 28 2020)
Last sale anchor
$460k
Aug 28 2020
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
$120 / 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
Property tax & assessments
Assessed value
$211,802
Assessed 2023
Previous assessed
$188,613
+12.3% YoY
Assessed land
$40,354
Assessed improvement
$171,448
Land market value
$40,354
Improvement market value
$171,448
Total market value
$211,802
Applied tax rate
100.0000
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
1950
Heating
ELECTRIC
Stories
1
Rooms
1
Total area
4,346 SF
Lot
0.06 ac (2,522 SF)
Zoning code
OH
APN
S6565-00-00029-0
UPID
US90-1714532
Jurisdiction
ISLAND
Zoning & alternative use
OH · Oak Harbor, WA
Zoning OH · permitted uses
OH · Oak Harbor, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oak Harbor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$615,000
COMMERCIAL (GENERAL)
Est. value
$850,000
RETAIL STORES
Est. value
$650,000
OFFICE BUILDING
Est. value
$590,000
RESTAURANT Current
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
1950
Heating
ELECTRIC
Stories
1
Rooms
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Cibrian Coml Prop LLC
Entity
Mailing address
1608 39TH ST, ANACORTES, WA 98221-3566
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2020
—
Cibrian Coml Prop LLC
Calixto G Cibrian
Quit Claim Deed
related
—
Aug 14, 2020
$460,000
Calixto G Cibrian
Jensen Coml Prop LLC
Warranty Deed
$390,000 · Kristi J Jensen
Jan 13, 2006
—
Jensen Commercial Props LLC
Jensen,kristi J
Quit Claim Deed
related
—
—
—
Christine J Gamble
—
Deed Of Trust
related
$175,000 · Whidbey Island Bank
—
—
Kristi J Jensen
—
Deed Of Trust
related
$124,786 · Whidbey Island 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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