Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2212 Roosevelt St Aberdeen, WA 98520

    • Office buildings
    • 10,484 SF
    • 16.11 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-0973844
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 2212 Roosevelt St

    Year built
    1929
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    16.11 lot acres
    Property size
    10,484 SF
    Property type
    Office buildings
    APN
    317090411001
    APU
    317090411001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,150,000
      Market price range: $1.15M - $2.65M
      AI Estimate
      $926,000
      Market price range: $866k - $2.38M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,755,000
      Current use
      COMMERCIAL (GENERAL)
      $1,710,000
      Change: -3% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Aberdeen
    County
    Grays Harbor
    State
    Washington
    Longitude
    -123.802
    Latitude
    46.9939
    CBSA code
    10140
    CBSA name
    ABERDEEN, WA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,273
    $96,660
    $640,799
    $737,459
    -
    $96,660
    $640,799
    $737,459

    Comparable in this City

    • Value Estimation by Request
      0.44 Acres

      Aberdeen, WA 98520

      PROFESSIONAL BUILDING • 0.44 Acres
      Aberdeen, WA 98520
      View Details
    • Value Estimation
      $3,580,000
      15,118 SF

      2720 Sumner Ave

      OFFICE BUILDING • 15,118 SF
      2720 Sumner Ave, Aberdeen, WA 98520-4321
      View Details
    • Value Estimation
      $5,470,000
      0.24 Acres

      954 Anderson Dr

      PROFESSIONAL BUILDING • 0.24 Acres
      954 Anderson Dr, Aberdeen, WA 98520-1001
      View Details
    • Value Estimation by Request
      1,440 SF

      109 Broadway St

      OFFICE BUILDING • 1,440 SF
      109 Broadway St, Aberdeen, WA 98520-6211
      View Details
    • Value Estimation by Request
      2,720 SF

      601 Curtis St

      OFFICE BUILDING • 2,720 SF
      601 Curtis St, Aberdeen, WA 98520-7622
      View Details
    • Value Estimation by Request
      2,310 SF

      601 Wishkah St

      OFFICE BUILDING • 2,310 SF
      601 Wishkah St, Aberdeen, WA 98520-6031
      View Details

    Similar Nearby for Sale

    • $269,900

      Large Industrial Building with Features

      Over 13,000 sqft building with office, manufacturing, and warehouse space.
      411 S Jefferson St, Aberdeen, WA 98520
      View Details
    • $1,150,000
      19,064 SF

      Aberdeen Office Building: Prime Location

      19,064 SF Office Building, Great Investment
      315 Michigan St, Aberdeen, WA 98520
      View Details
    • $989,500

      Aberdeen Medical Building - Prime Location

      Exceptional medical facility, move-in ready.
      1220 Basich Blvd, Aberdeen, WA 98520
      View Details
    • $369,900

      Aberdeen Commercial Building - Huge Potential

      Large warehouse, office space, great location.
      2200 Commerce St, Aberdeen, WA 98520
      View Details
    • Contact for pricing

      Aberdeen Residential Building Lot

      Prime Aberdeen lot, stunning views possible.
      816 Terrace Ave, Aberdeen, WA 98520
      View Details
    • $799,000

      Aberdeen Commercial Gem - High Visibility

      Versatile 8000 sq ft commercial space, prime location.
      400 Wishkah St, Aberdeen, WA 98520
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space Available For Lease

      871 SF office space with high visibility, near amenities.
      323 W Heron St, Aberdeen, WA 98520
      View Details
    • $2,000 /Mo
      1,600 SF

      Retail Space on Hwy 101

      Retail space with open floor plan and highway visibility.
      301 N Park St, Aberdeen, WA 98520
      View Details
    • Contact for pricing
      16,570 SF

      Retail Space on Highway 101

      Prominent corner retail location on high traffic Highway 101.
      301 E Wishkah St, Aberdeen, WA 98520
      View Details
    • Contact for pricing
      6,288 SF

      Uptown Plaza Retail/Restaurant Space

      Prime location in Uptown Plaza, suitable for retail or restaurant.
      2701 Sumner Ave, Aberdeen, WA 98520
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2212 Roosevelt St
    Aberdeen, WA 98520
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!