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Property profile & analytics
FOR SALE
Grocery and convenience stores
213 E Washington St Sequim, WA 98382
Individually Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-2971161
For Sale
$895,000
213 E Washington St, Sequim, WA 98382
View Listing →
Property summary
AI-generated overview
This exceptional commercial property at 213 E Washington Street in Sequim, WA, presents a compelling investment opportunity. Located on Sequim's busiest street, this building enjoys high visibility and traffic, benefiting from its proximity to the US Post Office. The 975,000 USD property is currently fully leased to a diverse mix of established tenants, including Edward Jones Investments, La Petite Maison, Pedego Electric Bikes, and Beal Carpet and Drapes. The building offers a total of approximately 7,040 square feet of leasable space, distributed among the tenants as follows: La Petite Maison occupies 1200 square feet at a monthly rent of $16,500
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1940
Total area
6,240 SF
Lot
0.29 ac (12,500 SF)
APN
330205301100000
UPID
US90-2971161
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
$335k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$754k
Blend (final)
Blend
$545k
Owner & transaction history
Cherie A Gray · 10 yrs held
Cherie A Gray
since 2015
1 recorded transaction
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 Sequim submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sequim 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
by Request
ML approach
$335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$875,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$805,000
Change: 0% · Conversion: Easy
RESTAURANT
$795,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$750,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$465,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$545k
Range $491k – $600k · ±10%
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
$87 / 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
$2,563
Tax year 2023
Assessed value
$327,500
Assessed 2022
Previous assessed
$327,500
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$137,500
Assessed improvement
$190,000
Land market value
$137,500
Improvement market value
$190,000
Total market value
$327,500
Applied tax rate
20.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
For Sale
Year built
1940
Units
1
Total area
6,240 SF
Lot
0.29 ac (12,500 SF)
APN
330205301100000
UPID
US90-2971161
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
AUTO REPAIR, GARAGE
Est. value
$875,000
RETAIL STORES
Est. value
$805,000
RESTAURANT
Est. value
$795,000
INDUSTRIAL (GENERAL)
Est. value
$750,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$465,000
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
INDUSTRIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1940
Units
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Cherie A Gray
Individual
Free & Clear · 10 yrs held
Mailing address
33 E SEASHORE LN, SEQUIM, WA 98382-8876
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2015
—
Cherie A Gray
Cheryl A Gray
Transfer On Death Deed
related
—
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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