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    The Largest CRE Database in the US with Over 1 Million Listings

    3368 Highway 101 E Port Angeles, WA 98362

    Sponsored
    For Sale
    $1,500,000

    Business & Real Estate - Port Angeles, WA

    Property size:
    6,324 SF
    Lot size:
    1.40 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 10 at 10:06 pm

    Property Features for 3368 Highway 101 E

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    0530074191100000
    Parking features
    Paved or Surfaced
    Exterior features
    Fence
    Fencing
    Fenced
    Size
    6,324 SF
    Lot size
    1.40 Acres

    Utilities

    Heating system
    Electric (Heating), Propane (Heating)

    Building Details

    Year built
    1995
    Flooring type
    Concrete, Wood
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    James Haguewood

    Port Angeles Realty, Inc. (360) 452-3333

    Listing agent James Haguewood (360) 452-3333 License #20110336

    Listing date Feb 9, 2026

    MLS# 400126 Listing URL

    Copyright © 2026 Olympic Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Highway 101 Commercial Opportunity

    Located in the urban growth district of Port Angeles, this property offers accessibility from both North and Southbound Highway 101. The primary building, constructed in 1995, spans 6324 square feet across two stories. It features a showroom with windows, three offices, and two bathrooms on the first level. The building also includes two back bays with rolling doors, an additional full bathroom, a work room, and storage. The second floor has its own rollup door and mezzanine area, along with two staircases. Upgrades include multiple entries, heated spaces, security lights, new entry doors, and a freshly painted interior. The secondary building is a 1046 square foot shop with a steel frame, 20-foot ceiling, two roll-up doors, three-phase electric, and water. It also includes heated storage areas and metal roofing. The 1.4-acre property is fenced, has two access gates, 12,000 square feet of pavement, seven parking spaces, a septic system, and three 250-gallon propane tanks. Included in the sale is a turnkey hardscape, masonry, and tile business with displays and samples. Essential business equipment conveys, including a 2006 box van, a 1995 Kenworth flatbed with a Caterpillar engine and new transmission, a Hiab forklift, a yard forklift, a scale, and shelving. All equipment is well maintained with current safety inspections completed. The property is located near Anchor Marine, Platt Electric, Westport Marine, Walmart and the Ford dealership.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    joanngetz.com Theater & Performing Art Venue The Quarry/Project Central Hardware & Home Improvement

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Burton Flooring Inc, Northwest Carpet Installation

    Location Insight

    • Map
    • Local Demand
    City
    Port Angeles
    County
    Clallam
    State
    Washington
    Longitude
    -123.361433
    Latitude
    48.108594

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    FAQs

    What type of property is this?
    Showroom - Commercial property with buildings and established business for sale.
    Where is this showroom located?
    The property is located at 3368 Highway 101 E Port Angeles, WA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Established revenue stream with included turnkey hardscape, masonry, and tile business, equipment, and vehicles for immediate income generation.; - Strategic location in a high-growth area with easy highway access and high visibility, situated near major retailers and businesses.; - Versatile infrastructure including a 6324 SF two-story main building with showroom, offices, work areas, and a 1046 SF shop with 20' ceilings and three-phase electric.
    (360) 452-3333
    Request Owner's contact information
    3368 Highway 101 E Port Angeles, WA 98362
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    Port Angeles, WA 98362
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    3368 Highway 101 E Port Angeles, WA 98362
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    We can help!
    Listing Contact
    James Haguewood
    Real Estate License ID: 20110336
    (360) 452-3333
    Learn more
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