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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Warehouses
190 Otto St Port Townsend, WA 98368-9765
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1910330
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Total area
33,160 SF
Lot
2.19 ac (95,396 SF)
Zoning code
LI/C
APN
1212014
UPID
US90-1910330
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.38M
Owner & transaction history
Townsend Partners LLC · 13 yrs held
Townsend Partners LLC
since 2013
5 recorded transactions
Zoning & alternative use
LI/C · Port Townsend, WA
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 Townsend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Townsend 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$42 / 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
$15,863
Tax year 2023
Assessed value
$1,822,081
Assessed 2023
Previous assessed
$1,741,368
+4.6% YoY
Effective rate
0.87%
On assessed value
Assessed land
$232,100
Assessed improvement
$1,589,981
Land market value
$232,100
Improvement market value
$1,589,981
Total market value
$1,822,081
Applied tax rate
111.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Bathrooms
1
Total area
33,160 SF
Lot
2.19 ac (95,396 SF)
Zoning code
LI/C
APN
1212014
UPID
US90-1910330
Jurisdiction
JEFFERSON
Zoning & alternative use
LI/C · Port Townsend, WAZoning LI/C · permitted uses
LI/C · Port Townsend, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Bathrooms
1
Lot
2.19 ac
Current owner
From public records · entity-resolved
Townsend Partners LLC
Entity
Free & Clear · 13 yrs held
Mailing address
606 E PARK AVE #50, PORT TOWNSEND, WA 98368-2267
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2020
—
Townsend Partners LLC
—
Deed
related
$1,216,100 · Bank Of The West
May 16, 2013
—
Townsend Partners LLC
Hoover Bradley E Trust
Quit Claim Deed
related
—
Sep 24, 2010
—
Hoover,bradley E Living Trust
Hoover,bradley E & Judith R
Quit Claim Deed
related
—
—
—
Robert C Krulish JR.
—
Deed Of Trust
related
$80,627 · Usaa Fsb
—
—
Townsend Partners LLC
—
Deed Of Trust
related
$658,356 · Kitsap Bank
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.
Try Rey
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