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    25400 STATE ROUTE 3, BELFAIR, WA 98528, MASON COUNTY BELFAIR, WA 98528

    • Industrial properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 25400 STATE ROUTE 3, BELFAIR, WA 98528, MASON COUNTY

    Property type
    Industrial properties
    Property subtype
    Self storage facilities

    Description

    LISTING TYPE Industrial AVAILABLE SF 1,400,000 DIVISIBLE SF 60,000 LEASE RATE Call Broker LOADING DOORS 61 DH/6 GL SPRINKLERS Yes DATE AVAILABLE Immediately

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    BELFAIR
    County
    State
    Washington
    Longitude
    -122.813
    Latitude
    47.4469

    Comparable in this City

    • Value Estimation
      $535,000
      4,600 SF

      23270 State Rte 3rd 3

      MINI-WAREHOUSE, STORAGE • 4,600 SF
      23270 State Rte 3rd 3, Belfair, WA 98528-9324
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    • Value Estimation
      $815,000
      25,000 SF

      19720 State Rte 106

      MINI-WAREHOUSE, STORAGE • 25,000 SF
      19720 State Rte 106, Belfair, WA 98528-8001
      View Details
    • Value Estimation
      $265,000
      840 SF

      794 Old Belfair Hwy

      MINI-WAREHOUSE, STORAGE • 840 SF
      794 Old Belfair Hwy, Belfair, WA 98528-9613
      View Details
    • Value Estimation
      $1,065,000
      75,026 SF

      2365 G St

      MINI-WAREHOUSE, STORAGE • 75,026 SF
      2365 G St, Belfair, WA 98528
      View Details
    • Value Estimation
      $240,000
      3,600 SF

      461 Old Belfair Hwy

      MINI-WAREHOUSE, STORAGE • 3,600 SF
      461 Old Belfair Hwy, Belfair, WA 98528-9637
      View Details
    • Value Estimation
      $110,000
      2,520 SF

      3651 Nen Shr Rd

      MINI-WAREHOUSE, STORAGE • 2,520 SF
      3651 Nen Shr Rd, Belfair, WA 98528-9433
      View Details

    Similar Nearby for Sale

    • $1,800,000
      6,824 SF

      Belfair Retail & Warehouse Opportunity

      Established business with real estate, retail, and warehouse space.
      461 NE Old Belfair Hwy, Belfair, WA 98528
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    • $145,000

      Gated 1+ Acre Ready Lot

      Gated 1+ acre lot ready for building or manufactured home.
      680 E State Route 302, Belfair, WA 98528
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    • $2,300,000
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      Country Store and Gas Station

      Established store and gas station with diverse income streams.
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    • $1,800,000

      Established Winery for Sale

      Profitable Wine Business, Turnkey Operation
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    • $330,000

      Highway 3 Commercial Building

      High-traffic location, multiple use potential.
      22471 State Route 3, Belfair, WA 98528
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    • $260,000

      Belfair Wooded Home Sites Parcel

      5.14 acre parcel with four wooded home sites.
      E Tepee Ln, Belfair, WA 98528
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    Similar Nearby for Lease

    • $0.01 SF/Yr
      1,400,000 SF

      Belfair Warehouse Space Available

      Large industrial warehouse and distribution space for lease.
      25400 State Route 3, Belfair, WA 98528
      View Details
    • Contact for pricing
      1,995 SF

      Retail Space Available For Rent

      Retail property with 1995 square feet available for lease.
      23771 Washington 3, Belfair, WA 98528
      View Details
    • $1,500 /Mo

      Land Lease on State Route

      Shy acre available for land lease on State Route.
      23191 NE State Route 3, Belfair, WA 98528
      View Details
    • $24 SF/Yr
      15,173 SF

      Belfair Valley Plaza Retail Space

      Prime Belfair retail space, multiple units available.
      23969 Hwy 3, Belfair, WA 98528
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    BELFAIR, WA 98528
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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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