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    Property profile & analytics

    3059 Sims Way Port Townsend, WA 98368

    • Automotive properties
    • 3,808 SF
    • 0.58 lot acres
    For Sale
    View listing
    $1,300,000
    Value Estimation
    Location Intelligence
    Property ID
    US90-2076800
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Automotive properties

    Property Details for 3059 Sims Way

    Year built
    1945
    Lot size
    0.58 lot acres
    Property size
    3,808 SF
    Zone code
    C-II
    Property type
    Automotive properties
    APN
    1093018
    APU
    1093018

    Description

    This exceptional commercial property presents a unique investment opportunity in Port Townsend, WA. Situated on a highly visible corner lot at 3059 W Sims Way (0.58 acres), this property boasts a substantial 3808 square foot building, perfect for a variety of commercial uses. The building features a versatile layout including offices, a showroom, ample storage space, and a large work area. A secure fenced area behind the building, along with fencing on the south and west property lines, provides added security and privacy. The property is free of easements. The building itself is constructed of concrete block with a torched-down roof (partially re-torched). Climate control is provided by multiple ductless mini-splits in the showroom and work area. Convenient front and side parking is available, complemented by a covered area at the front of the building. The asking price for this exceptional property is $1,300,000. Please note that the existing business operating on the property is not included in the sale.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Port Townsend
    County
    Jefferson
    State
    Washington
    Longitude
    -122.813
    Latitude
    48.1003

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,137
    $262,754
    $190,400
    $453,154
    -
    $262,754
    $190,400
    $453,154

    Comparable in this City

    • Value Estimation by Request
      3,760 SF

      2730 Washington St

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    • Value Estimation
      $510,000
      1,092 SF

      1510 Sims Way

      VEHICLE SALES, RENTALS • 1,092 SF
      1510 Sims Way, Port Townsend, WA 98368-3064
      View Details
    • Value Estimation
      $255,000
      3,200 SF

      31 Fredericks St

      VEHICLE SALES, RENTALS • 3,200 SF
      31 Fredericks St, Port Townsend, WA 98368-5136
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    • Value Estimation
      $355,000
      3,200 SF

      2328 Sims Way

      VEHICLE SALES, RENTALS • 3,200 SF
      2328 Sims Way, Port Townsend, WA 98368-2250
      View Details
    • Value Estimation
      $240,000
      822 SF

      1980 Sims Way

      VEHICLE SALES, RENTALS • 822 SF
      1980 Sims Way, Port Townsend, WA 98368-2219
      View Details
    • Value Estimation
      $180,000
      3,840 SF

      70 Thomas St

      VEHICLE SALES, RENTALS • 3,840 SF
      70 Thomas St, Port Townsend, WA 98368-2242
      View Details

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      Prime Port Townsend Commercial Land

      .58-acre lot, 3808 sq ft building, ideal location.
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    Port Townsend, WA 98368
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    Realmo Value Estimation

    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.

    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.

    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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