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    1St St Port Angeles, WA 98362
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    1St St Port Angeles, WA 98362

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    • Mixed-use properties
    • 0.16 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 0 1St St

    Lot size
    0.16 lot acres
    Property type
    Mixed-use properties

    Description

    This exceptional 0.16-acre mixed-use development opportunity is located in the heart of downtown Port Angeles, WA, at W 1st St, 98362. Currently vacant, this property is zoned P_CA and presents a unique chance to create a dynamic space blending commercial and residential uses. Its prime location offers high traffic counts, ensuring excellent visibility and accessibility for any commercial venture. The property's proximity to the vibrant year-round Farmer's Market, the popular Wharf, BC Ferry Terminals, and the new Arts & Events Hall guarantees a steady flow of potential customers and residents. Envision a building with secure parking below, supporting thriving businesses on the ground floor and residential units above. This is an unparalleled chance to capitalize on the energy and growth of downtown Port Angeles. A rendering of a possible building design will be available soon. The asking price is $149,950. This is a truly remarkable investment opportunity in a thriving Washington State city.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Port Angeles
    County
    Clallam
    State
    Washington
    Longitude
    -123.438
    Latitude
    48.1208

    Comparable in this City

    • Value Estimation
      $1,480,000
      18,890 SF

      1807 Frnt St

      OFFICE/RESIDENTIAL (MIXED USE) • 18,890 SF
      1807 Frnt St, Port Angeles, WA 98362-4930
      View Details
    • Value Estimation
      $615,000
      5,984 SF

      117 Lincoln St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,984 SF
      117 Lincoln St, Port Angeles, WA 98362-2918
      View Details
    • Value Estimation by Request
      0.16 Acres

      611 8th St

      MEDICAL BUILDING • 0.16 Acres
      611 8th St, Port Angeles, WA 98362-6223
      View Details
    • Value Estimation by Request
      0.16 Acres

      129 9th St

      VEHICLE SALES, RENTALS • 0.16 Acres
      129 9th St, Port Angeles, WA 98362
      View Details
    • Value Estimation by Request

      3231 Hwy 101

      GROCERY, SUPERMARKET
      3231 Hwy 101, Port Angeles, WA 98362-9073
      View Details
    • Value Estimation by Request
      0.52 Acres

      62 Kemp St

      COMMERCIAL (GENERAL) • 0.52 Acres
      62 Kemp St, Port Angeles, WA 98362-8992
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,574 SF

      Versatile Mixed-Use Property Package

      Strategic location, versatile infrastructure, and established revenue stream.
      3368 Highway 101 E, Port Angeles, WA 98362
      View Details
    • $59,000
      1.19 Acres

      Port Angeles Vacant Land Parcel

      1.19 acre vacant land parcel in Port Angeles, WA.
      999 Largent Ln, Port Angeles, WA 98362
      View Details
    • $125,000
      1.48 Acres

      Residential Land Near Highway 101

      1.47 acre residential parcel with easy highway access.
      9999 Levig Rd, Port Angeles, WA 98362
      View Details
    • $135,900
      0.50 Acres

      Half-Acre Parcel in Cedar Glen

      Residential land with PUD utilities and community drainfield access.
      9999 Cedar Glen Ln, Port Angeles, WA 98362
      View Details
    • $75,000
      9.85 Acres

      Waterfront Land with Views

      9.85-acre waterfront parcel with views of Victoria and San Juan Islands.
      9999 Highway 112 W, Port Angeles, WA 98362
      View Details
    • $150,000
      1.00 Acre

      Port Angeles Acre Ready to Build

      One-acre parcel ready for construction near Sequim and Port Angeles.
      2 Robinson Rd, Port Angeles, WA 98362
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,800 SF

      Port Angeles Retail Space Available

      8,800 SF retail space for lease in Port Angeles.
      1936 E 1St St, Port Angeles, WA 98362
      View Details
    • $2,000 /Mo
      1,980 SF

      Downtown Port Angeles Office/Retail Space

      Prime downtown Port Angeles office/retail space with ample parking.
      228 W 1St St, Port Angeles, WA 98362
      View Details
    • Contact for pricing
      1,545 SF

      Retail Space Near Highway 101

      Retail space with high visibility and highway access near downtown.
      121 S Del Guzzi Dr, Port Angeles, WA 98362
      View Details
    • $1,250 /Mo
      750 SF

      Port Angeles Retail or Office

      Commercial space in downtown Port Angeles near Black Ball Ferry.
      222 N Lincoln St, Port Angeles, WA 98362
      View Details
    • Contact for pricing
      21,390 SF

      Retail Space Available For Lease

      Retail property available for lease with 44231 square feet.
      621 S Lincoln St, Port Angeles, WA 98362
      View Details
    • $1,000 /Mo
      400 SF

      Downtown Port Angeles Retail/Office Space

      400 SF commercial space in high-visibility downtown location.
      222 N Lincoln St, Port Angeles, WA 98362
      View Details
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    1St St
    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
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