Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    520 5 St. Ave Sequim, WA 98382
    Back to Search
    Property profile & analytics

    520 5 St. Ave, Sequim, WA 98382

    View on Map
    • Commercial real estate
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 520 5 St. Ave

    Year built
    2007
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a portfolio of nine office condos located at 520 N Fifth St. Avenue, Sequim, WA. Priced at $3,500,000, this property offers a compelling return on investment due to its high-quality tenants and strong leases. The complex comprises units 520, 522, 524, 526, 530A, 536B, 542A, 542B, and 544, all situated within a professional office plaza. The location boasts a high concentration of medical and financial professionals, ensuring a stable and desirable tenant base. The property's convenient location offers easy access to downtown Sequim's shopping and dining options, providing amenities for both tenants and visitors. Furthermore, its proximity to the Olympic National Forest and Olympic Mountain Range provides a picturesque setting and recreational opportunities. Outdoor enthusiasts can easily access the Olympic Discovery Trail for cycling, or utilize the nearby John Wayne Marina for water activities. This well-maintained property represents a rare chance to acquire a thriving commercial portfolio in a desirable and growing community. The strong tenant occupancy and favorable lease terms make this an attractive investment for discerning buyers seeking a stable and appreciating asset. The property sits on a 0-acre lot. Specific square footage details are not currently available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sequim
    County
    Clallam
    State
    Washington
    Longitude
    -123.113
    Latitude
    48.0839

    Comparable in this City

    • Value Estimation by Request
      1.62 Acres

      551 Washington St

      COMMERCIAL (GENERAL)
      551 Washington St, Sequim, WA 98382-3295
      View Details
    • Value Estimation
      $2,060,000
      20,025 SF

      23 Dorothea Way

      COMMERCIAL (GENERAL)
      23 Dorothea Way, Sequim, WA 98382-5113
      View Details
    • Value Estimation by Request
      8,424 SF

      259493 Hwy 101

      COMMERCIAL (GENERAL)
      259493 Hwy 101, Sequim, WA 98382-7422
      View Details
    • Value Estimation
      $2,285,000
      9,800 SF

      333 Pne St

      SHOW ROOM, WAREHOUSE
      333 Pne St, Sequim, WA 98382-3782
      View Details
    • Value Estimation by Request
      0.45 Acres

      Hwy 101

      COMMERCIAL (GENERAL)
      Hwy 101, Sequim, WA 98382
      View Details
    • Value Estimation by Request
      1,284 SF

      269421 Hwy 101

      COMMERCIAL (GENERAL)
      269421 Hwy 101, Sequim, WA 98382-9682
      View Details

    Similar Nearby for Sale

    • $975,000

      Sequim Commercial Investment Opportunity

      High-yield, fully leased commercial building.
      213 Washington St, Sequim, WA 98382
      View Details
    • $1,650,000
      2.51 Acres

      Sequim RV Business - Turnkey Opportunity

      Established RV Business, High Growth Potential
      275 7Th Ave, Sequim, WA 98382
      View Details
    • $285,000
      0.41 Acres

      Sequim Land in Lifestyle District

      Two adjoining lots in Sequim's coveted Lifestyle District.
      955 N 5Th Ave, Sequim, WA 98382
      View Details
    • $199,000
      1.45 Acres

      Sequim Land Parcel with Utilities

      Residential land parcel with city utilities near downtown Sequim.
      9999 Gilles Ave, Sequim, WA 98382
      View Details
    • $165,000
      1.00 Acre

      Bell Hill Water View Parcel

      Residential land with water views, PUD water & power, city sewer.
      58 Owls Nest Rd, Sequim, WA 98382
      View Details
    • $435,000
      0.80 Acres

      Sequim Development Opportunity

      Shovel-ready apartment project in Sequim, near schools and trails.
      991 E Hammond St, Sequim, WA 98382
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Sequim Retail Pad Opportunity

      Commercial land available for ground lease or build-to-suit.
      52 River Rd, Sequim, WA 98382
      View Details
    • Contact for pricing

      Retail/Restaurant Space for Lease

      Retail and restaurant spaces available for lease.
      1250 W Washington St, Sequim, WA 98382
      View Details
    • Contact for pricing
      1,200 SF

      Sequim Office Space For Rent

      Office space available for lease in Sequim, Washington.
      502 S Still Rd, Sequim, WA 98382
      View Details
    • $1,300 /Mo
      360 SF

      Sequim Office Space For Lease

      Professional commercial space featuring five offices plus lobby area.
      502 S Still Rd, Sequim, WA 98382
      View Details
    • $1,200 /Mo
      1,124 SF

      Sequim Commercial Office Space Available

      Commercial office space with great exposure in Sequim, Washington.
      675 N 5Th Ave, Sequim, WA 98382
      View Details
    • Contact for pricing
      1,902 SF

      Restaurant End-Cap with Drive-Thru

      Second-generation restaurant space with drive-thru in Sequim, Washington.
      1250-1256 W Washington St, Sequim, WA 98382
      View Details
    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.
    520 5 St. Ave
    Sequim, WA 98382
    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
    520 5 St. Ave, 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!