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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Retail space
738 Pacific Way, Gearhart, OR 97138
Entity Owned
5-yr Hold
Free & Clear
Property ID
US71-1068175
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1947
Lot
0.25 ac (10,890 SF)
APN
61010BB04900
UPID
US71-1068175
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
$650k
Owner & transaction history
Sassenach Mischling LLC · 5 yrs held
Sassenach Mischling LLC
since 2021
Last sale
$650,000
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 Gearhart submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gearhart 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
$700,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$650k
Range $585k – $715k · ±10% · vs last sale $650k (Jan 29 2021)
Last sale anchor
$650k
Jan 29 2021
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
—
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
$5,429
Tax year 2023
Assessed value
$474,167
Assessed 2023
Previous assessed
$460,357
+3.0% YoY
Effective rate
1.14%
On assessed value
Land market value
$304,070
Improvement market value
$304,442
Total market value
$608,512
Applied tax rate
1,005.0000
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
1947
Heating
FLOOR/WALL FURNACE
Buildings
2
Lot
0.25 ac (10,890 SF)
APN
61010BB04900
UPID
US71-1068175
Jurisdiction
CLATSOP
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
1947
Heating
FLOOR/WALL FURNACE
Buildings
2
Lot
0.25 ac
Current owner
From public records · entity-resolved
Sassenach Mischling LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2800 ML POND LN, ASTORIA, OR 97103-3306
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2021
$650,000
Sassenach Mischling LLC
Distinctive Beach Lodgings LLC
Warranty Deed
—
Oct 3, 2007
—
Distinctive Beach Lodgings LLC
Kl Holdings LLC
Grant Deed
$2,500,000 · Capital Pacific Bank
May 26, 2005
—
Lynch & Lee LLC
Lee,thomas C & Cheryl T
Quit Claim Deed
—
Apr 26, 2005
—
Thomas C Lee
Cesc Park 1 LLC
Grant Deed
—
Dec 1, 2004
$560,000
Cesc Park 1 LLC
Eb Dream Holdings INC
Warranty Deed
$340,000 · Eb Dream Holdings INC
Dec 1, 2004
—
Eb Dream Holdings INC
Burdulis,donald G
Grant Deed
related
—
Mar 12, 2004
$395,000
Eb Dream Holdings INC
M & M Partners LLC
Grant Deed
related
—
—
—
Kl Holdings LLC
—
Deed Of Trust
related
$297,900 · Tom & Cheryl Lee
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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