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Property profile & analytics
OFF-MARKET Estimated value $5,010,000
Investment properties

1012 Water St Port Townsend, WA 98368-6706

7,341 SF 0.07 ac lot
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US90-2042735
Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Total area 7,341 SF
Lot 0.07 ac (3,049 SF)
Zoning code C-III
APN 989703903
UPID US90-2042735
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.15M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.01M
Owner & transaction history
Ih Palace LLC · 3 yrs held
Ih Palace LLC
since 2022
Last sale
$5.3M
6 recorded transactions
2022
Price N/A
2022
Price N/A
2022
$5.3M
2017
Price N/A
2005
$390,000
1969
Price N/A
Zoning & alternative use
C-III · Port Townsend, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

multifamily residential properties outside the C-III historic commercial district that are being developed, redeveloped, or expanded shall be reduced by two spaces for each on -street parking space provided adjacent to a site. The design, placement, and proposed construction standard of on -street parking spaces will be reviewed and approved by the public wo…

Zone name Historic Commercial
General category COMMERCIAL
Zone area 24.20 ac
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