Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    738 Pacific Way Gearhart, OR 97138

    • Retail space
    • 0.25 lot acres
    OFF-MARKET
    Value Estimation
    $670,000
    Last Sale
    Jan 29, 2021
    $650,000
    Location Intelligence
    Property ID
    US71-1068175
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 738 Pacific Way

    Year built
    1947
    Lot size
    0.25 lot acres
    Property type
    Retail space
    APN
    61010BB04900
    APU
    61010BB04900

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $700,000

    • CAP approach

      CAP return
      Estimation
      6%
      $620,000
      6.5%
      $600,000
      7%
      $550,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $610,000
      Geo Method
      $565,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $605,000
      Retail
      $495,000
      Mixed-Use
      $540,000
      Hospitality
      $625,000
      Educational
      $605,000
      Residential Income
      $515,000
      Energy
      $590,000
      Income-Based Land
      $495,000
      Food Service
      $600,000

    Location Insight

    • Map
    • Local Demand
    City
    Gearhart
    County
    Clatsop
    State
    Oregon
    Longitude
    -123.918
    Latitude
    46.0244
    CBSA code
    11820
    CBSA name
    ASTORIA, OR MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,429
    $0.00
    $0.00
    $474,167
    -
    $304,070
    $304,442
    $608,512

    Comparable in this City

    • Value Estimation by Request
      0.22 Acres

      524 526th N Roosevelt N Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.22 Acres
      524 526th N Roosevelt N Dr, Seaside, OR 97138
      View Details
    • Value Estimation by Request
      0.14 Acres

      111 Broadway St

      RETAIL STORES (PERSONAL SERVICES) • 0.14 Acres
      111 Broadway St, Seaside, OR 97138-5817
      View Details
    • Value Estimation by Request
      0.03 Acres

      37 Edgewood St

      RETAIL STORES (PERSONAL SERVICES) • 0.03 Acres
      37 Edgewood St, Seaside, OR 97138-5815
      View Details
    • Value Estimation by Request
      5.00 Acres

      84794 Hwy 101

      RETAIL STORES (PERSONAL SERVICES) • 5.00 Acres
      84794 Hwy 101, Seaside, OR 97138-3601
      View Details
    • Value Estimation by Request
      0.47 Acres

      300 Roosevelt Dr

      RETAIL STORES (PERSONAL SERVICES) • 0.47 Acres
      300 Roosevelt Dr, Seaside, OR 97138-6799
      View Details
    • Value Estimation by Request

      Resort At Seasidec26

      RETAIL STORES (PERSONAL SERVICES)
      Resort At Seasidec26, Seaside, OR 97138
      View Details

    Similar Nearby for Sale

    • $1,589,000
      8,020 SF

      Gearhart Commercial Property on Highway

      Retail and office property with high visibility on Highway 101.
      3470 Highway 101, Gearhart, OR 97138
      View Details
    • $1,580,000
      8,175 SF

      Retail Property with Sherwin-Williams

      Retail property anchored by Sherwin-Williams with upside potential.
      3527 Highway 101 N, Gearhart, OR 97138
      View Details
    • $1,125,000
      2,680 SF

      New Leased Retail Investment Property

      NNN leased investment property with corporate backing in thriving tourist town.
      1109 S Holladay Dr, Seaside, OR 97138
      View Details
    • New
      $1,150,000
      0.11 Acres

      Ocean View Land in Seaside

      Two lots to build your ocean retreat in Seaside.
      8700 S Prom St, Seaside, OR 97138
      View Details
    • $1,450,000

      Waterfront Lot with Ocean Views

      Exceptional Gearhart lot with estuary, ocean, and Tillamook Head views.
      Wellington Ave, Gearhart, OR 97138
      View Details
    • $575,000
      0.25 Acres

      Land in Gated Gearhart Community

      Ocean view land in Gearhart's gated Highlands community.
      Vl High Rdg Rd, Gearhart, OR 97138
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    738 Pacific Way
    Gearhart, OR 97138
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.