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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Bars & Pubs
798 Ocean Shrs NW Blvd Ocean Shores, WA 98569-9345
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US90-1444237
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1961
Construction
STEEL FRAME
Total area
2,276 SF
Lot
0.23 ac (10,019 SF)
APN
90100501402
UPID
US90-1444237
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
$481k
Blend (final)
Blend
$510k
Owner & transaction history
Pirate Harbour Ocean Shrss LLC · 13 yrs held
Pirate Harbour Ocean Shrss LLC
since 2013
5 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
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
$480,000
Current use
OFFICE BUILDING
$440,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$224 / 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
$2,881
Tax year 2024
Assessed value
$458,371
Assessed 2023
Previous assessed
$403,434
+13.6% YoY
Effective rate
0.63%
On assessed value
Assessed land
$75,000
Assessed improvement
$383,371
Land market value
$75,000
Improvement market value
$383,371
Total market value
$458,371
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
Bars & Pubs
Use group
BAR, TAVERN
Status
Off-Market
Year built
1961
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
2
Total area
2,276 SF
Lot
0.23 ac (10,019 SF)
APN
90100501402
UPID
US90-1444237
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$480,000
OFFICE BUILDING
Est. value
$440,000
RESTAURANT Current
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
1961
Construction
STEEL FRAME
Heating
NONE
Stories
2
Buildings
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Pirate Harbour Ocean Shrss LLC
Entity
Mailing address
PO BOX 560, COPALIS BEACH, WA 98535-0560
Ownership since
2013
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 16, 2018
—
Pirate Harbour Ocn Shrs LLC
—
Deed
related
$265,000 · Bank Of The Pacific
Jun 24, 2013
$300,000
Pirate Harbour Ocean Shrss LLC
Whipple,myron J
Warranty Deed
—
Dec 21, 2010
$350,000
Myron J Whipple
Liberty-turner,cheryl M & Steven W
Warranty Deed
$303,010 · Bank Of Pacific
—
—
Myron J Whipple
—
Deed Of Trust
related
$178,326 · Bank Of Pacific
—
—
Pirate Harbour Ocn Shrs LLC
—
Deed Of Trust
related
$265,000 · Bank Of The 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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