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Property profile & analytics
FOR SALE
Turn key restaurants
780 State Route 101, Chinook, WA 98614
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US90-2011740
For Sale
1 / 4
$699,000
780 State Route 101, Chinook, WA 98614
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1969
Total area
4,768 SF
Lot
0.07 ac (3,049 SF)
APN
73002031003
UPID
US90-2011740
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
$558k
Blend (final)
Blend
$615k
Owner & transaction history
Christopher Summerer · 11 yrs held
Christopher Summerer
since 2014
6 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 Chinook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chinook 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$780,000
Current use
RETAIL STORES
$755,000
Change: -3% · Conversion: Easy
COMMERCIAL (GENERAL)
$700,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$615k
Range $554k – $677k · ±10%
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
$129 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$3,565
Tax year 2024
Assessed value
$583,200
Assessed 2024
Previous assessed
$583,200
+0.0% YoY
Effective rate
0.61%
On assessed value
Assessed land
$66,700
Assessed improvement
$516,500
Land market value
$66,700
Improvement market value
$516,500
Total market value
$583,200
Applied tax rate
28.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1969
Heating
NONE
Stories
1
Total area
4,768 SF
Lot
0.07 ac (3,049 SF)
APN
73002031003
UPID
US90-2011740
Jurisdiction
PACIFIC
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$780,000
RETAIL STORES
Est. value
$755,000
COMMERCIAL (GENERAL)
Est. value
$700,000
RESTAURANT Current
RETAIL STORES
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
1969
Heating
NONE
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Christopher Summerer
Individual
Mailing address
PO BOX 961, LONG BEACH, WA 98631-0961
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 7, 2023
—
Russell Maize
—
Deed
related
$453,000 · Great Northwest FCU
Apr 17, 2017
—
Christopher Summerer
—
Trustees Deed
related
$75,000 · Winters Patricia A Trust (pt)
Oct 24, 2014
$194,744
Christopher Summerer
Cearley,mike & Nadine
Grant Deed
$199,755 · Mike & Nadine Cearley
Sep 26, 2014
—
Mike Cearley
Mickelsen,paula & Ron
Quit Claim Deed
related
—
May 12, 2010
$300,000
Ronald L Mickelsen
Cearley,michael & Nadine
Warranty Deed
$250,000 · Michael & Nadine Cearley
May 26, 2006
$390,000
Michael Cearley
Ridgeway,john W & Darlene
Warranty Deed
related
$142,000 · Bank Of Astoria
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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