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Property profile & analytics
OFF-MARKET
Estimated value
$5,715,000
Assisted living facilities
1133 Park Ave, Port Angeles, WA 98362-2763
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-2818322
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1998
Total area
32,601 SF
Lot
1.88 ac (81,893 SF)
APN
630115108000000
UPID
US90-2818322
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
Current use
Occupant on record · Public records
-
Laurel Place Assisted Living & Memory Care Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.78M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.72M
Owner & transaction history
Laurel Place Propco LLC · 2 yrs held
Laurel Place Propco LLC
since 2024
Last sale
$5.7M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Port Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Angeles submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,830,000
ML approach
$6,775,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,335,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$5,205,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,130,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,080,000
Change: 0% · Conversion: Difficult
RESTAURANT
$3,920,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$5.72M
Range $5.14M – $6.29M · ±10% · vs last sale $5.66M (Jun 15 2020)
Last sale anchor
$5.66M
Jun 15 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$175 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,726
Tax year 2023
Assessed value
$3,350,404
Assessed 2022
Previous assessed
$3,350,404
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$298,176
Assessed improvement
$3,052,228
Land market value
$298,176
Improvement market value
$3,052,228
Total market value
$3,350,404
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1998
Units
1
Total area
32,601 SF
Lot
1.88 ac (81,893 SF)
APN
630115108000000
UPID
US90-2818322
Jurisdiction
CLALLAM
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
INDUSTRIAL (GENERAL)
Est. value
$4.1M
RESTAURANT
Est. value
$3.9M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Units
1
Lot
1.88 ac
Current owner
From public records · entity-resolved
Laurel Place Propco LLC
Entity
Mailing address
7047 E GREENWAY PKWY STE #300, SCOTTSDALE, AZ 85254-8116
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2024
$5,658,753
Laurel Place Propco LLC
Ihc Laurel Place LLC
Bargain & Sale Deed
$25,000 · Merchants Bank Of Indiana
Jul 14, 2020
$2,050,000
Ihc Laurel Place LLC
Laurel Park Aid Propco LLC
Re-recorded Document
related
—
Jun 15, 2020
$2,050,000
Ihc Laurel Place LLC
Laurel Park Aid Propco LLC
Bargain And Sale Deed
$2,710,000 · Clearinghouse Dcfi
Jul 25, 2013
—
Laurel Park Aid Propco LLC
Alc Real Estate LLC
Warranty Deed
—
Nov 9, 2006
—
Flt Re 1 LLC
Fir Lane Terrace Convalescent Cente
Warranty Deed
$500,000,000 · Lehman Brothers Bank Fsb
Oct 12, 2006
$2,194,098
Alc Real Estate LLC
Fir Lane Terrace Convalescent Cente
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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