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Property profile & analytics
OFF-MARKET Estimated value $1,925,000
Retail space

218 Sims Way Port Townsend, WA 98368-1828

16,977 SF 1.43 ac lot
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US90-1962308
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 16,977 SF
Lot 1.43 ac (62,291 SF)
Zoning code C-II
APN 991400304
UPID US90-1962308
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
$2.14M
Blend (final) Blend
$1.93M
Owner & transaction history
Henery Family LLC · 7 yrs held
Henery Family LLC
since 2018
2 recorded transactions
2018
$2.7M
2018
Price N/A
Zoning & alternative use
C-II · Port Townsend, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

DISTRICT C-I C-II C-II(H) C-III APPLICABLE REGULATIONS/NOTES housing requires design review. Owner/operator/employee residences P P P P PTMC 17.20.030, Bulk, dimensional and density requirements; such uses shall only be allowed if clearly subordinate and accessory to a primary commercial use and permitted on upper floors only. Employer-provided housing X X C…

Zone name General Commercial
General category COMMERCIAL
Zone area 27.07 ac
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