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Property profile & analytics
OFF-MARKET
Estimated value
$375,000
Warehouses
224 Easy St Port Angeles, WA 98362-9287
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US90-2797634
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Total area
8,150 SF
Lot
0.75 ac (32,670 SF)
APN
530175091000000
UPID
US90-2797634
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
-
Pacific Solid Surfaces Kitchen & Bath Showroom Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$860k
Blend (final)
Blend
$375k
Owner & transaction history
Pud No 1 Of Clallam County · 19 yrs held
Pud No 1 Of Clallam County
since 2007
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.0M
+83.5%
Industrial (general)
$1.0M
+81.2%
Restaurant
$980,000
+74.2%
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
by Request
ML approach
$375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$565,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,035,000
Change: +84% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,020,000
Change: +81% · Conversion: Easy
RESTAURANT
$980,000
Change: +74% · Conversion: Difficult
AUTO REPAIR, GARAGE
$830,000
Change: +47% · Conversion: Easy
RETAIL STORES
$805,000
Change: +43% · Conversion: Moderate
Blend value · Realmo final
$375k
Range $338k – $413k · ±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
$46 / 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
$4,389
Tax year 2023
Assessed value
$731,250
Assessed 2022
Previous assessed
$473,582
+54.4% YoY
Effective rate
0.60%
On assessed value
Assessed land
$86,250
Assessed improvement
$645,000
Land market value
$86,250
Improvement market value
$645,000
Total market value
$731,250
Applied tax rate
102.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Units
1
Total area
8,150 SF
Lot
0.75 ac (32,670 SF)
APN
530175091000000
UPID
US90-2797634
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
WAREHOUSE, STORAGE Current
Est. value
$565,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
INDUSTRIAL (GENERAL)
Est. value
$1.0M
RESTAURANT
Est. value
$980,000
AUTO REPAIR, GARAGE
Est. value
$830,000
RETAIL STORES
Est. value
$805,000
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
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
2007
Units
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Pud No 1 Of Clallam County
Entity
Mailing address
PO BOX 460, PORT ANGELES, WA 98362-0070
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2007
—
Pud No 1 Of Clallam County
Jass Properties LLC
Bargain And Sale Deed
—
Feb 2, 2006
$65,000
Jass Properties LLC
Arvie Smith Limited Partnership 142
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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