Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    NNN Retail Investment with Lease Title is generated by Realmo AI

    232 Valley Center Place, Sequim, WA 98382

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    Single-tenant Ace Hardware NNN property with a remaining original 10-year lease term and a new roof in progress.

    Type:RETAIL
    Added:
    Jun 2, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 5 at 2:15 am

    Property Features for 232 Valley Center Place

    General Information

    Standard status
    Active
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    David Gellner
    David Gellner

    Listing agent David Gellner

    Listing office Kidder Mathews

    Listing date Jun 2, 2026

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Kidder Mathews

    HighLights

    • Single‑tenant Ace Hardware NNN property with an original 10‑year lease and 8+ years remaining
    • New roof being installed
    • Tenant and current ownership have invested approximately $500,000 in capital improvements to support Ace Hardware occupancy
    • 10‑year NNN lease structure noted for minimal landlord responsibilities
    • Located near U.S. Route 101, the main arterial connecting Sequim to Port Angeles and the broader peninsula
    • Sequim is described as a primary retail and service center for the surrounding Olympic Peninsula

    Overview

    This is a single-tenant NNN retail investment anchored by an Ace Hardware location. The offering is structured around an original 10-year NNN lease with more than 8 years of term remaining, supporting a long-term, passive ownership approach with minimal landlord responsibilities. The building has benefited from approximately $500,000 in recent capital improvements undertaken by the current ownership and tenant. A new roof is currently being installed, adding a key near-term capital item for the buyer.

    The property is located at 232 Valley Center Place in Sequim, Washington. It is positioned near U.S. Route 101, the main arterial connecting Sequim to Port Angeles and the broader peninsula.

    For buyers seeking a stabilized retail asset, the combination of a long remaining NNN lease term and ongoing building improvements provides a straightforward hold for an owner/operator focused on minimizing active landlord involvement. The tenant’s essential-use retail positioning is designed to support durable day-to-day operations under the existing lease terms.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sequim
    County
    Clallam
    State
    Washington
    Longitude
    -123.1678337
    Latitude
    48.0777633

    Nearby Similar for Sale

    • $1,295,000
      1,173 SF

      Turnkey Inn Hospitality Property

      Newly remodeled inn with flexible lodging units suited for short-term or hybrid hospitality operations.
      711 Carlsborg Road, Sequim, WA 98382
      View Details
    • $425,000
      1,152 SF

      Updated Office and Residential Property

      Updated single-level layout with onsite front and back parking, plus a recently installed propane tankless hot water system.
      405 W Bell Street, Sequim, WA 98382
      View Details
    • $895,000
      6,240 SF

      Sequim Retail Investment Opportunity

      Fully leased retail property with long-term tenants in prime location.
      213 E Washington St, Sequim, WA 98382
      View Details
    • $2,000,000
      10,980 SF

      Former Retail Space Available

      Highway-adjacent retail space with high visibility and traffic.
      171 Valley Center Pl, Sequim, WA
      View Details
    • $599,950
      2,163 SF

      Remodeled Office Building on Fifth

      Two-unit commercial office building with high visibility and ample parking.
      495 W Spruce St, Sequim, WA
      View Details
    • $1,800,000
      4,320 SF

      Sequim Professional Office Plaza Investment

      Professional office plaza with high-quality tenants near downtown Sequim.
      542 N 5th Ave, Sequim, WA
      View Details
    • $99,000
      1,143 SF

      Lavender & Herb Farm Business

      Acquire a turnkey lavender and herb operation with a permitted commercial kitchen and included inventory, displays, and equipment.
      120 W Washington, Sequim, WA 98382
      View Details
    • $1,075,000

      Retail Property in Sequim, WA

      Retail property available for sale in Sequim, Washington.
      1280 W Washington St, Sequim, WA
      View Details
    • $1,800,000
      6,144 SF

      Sequim Professional Office Plaza Investment

      Professional office condos near downtown Sequim, great investment opportunity.
      542 N 5th Ave, Sequim, WA 98382
      View Details

    FAQs

    What type of property is this?
    NNN property - Single-tenant Ace Hardware NNN property with a remaining original 10-year lease term and a new roof in progress.
    Where is this nnn property located?
    The property is located at 232 Valley Center Place Sequim, WA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Single‑tenant Ace Hardware NNN property with an original 10‑year lease and 8+ years remaining; New roof being installed; Tenant and current ownership have invested approximately $500,000 in capital improvements to support Ace Hardware occupancy
    (206) 296-9600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David Gellner
    David Gellner
    Learn More
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    232 Valley Center Place, Sequim, WA 98382
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!