New search
Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Gas stations
2342 Sims Way, Port Townsend, WA 98368-2250
Entity Owned
Absentee Owner
Free & Clear
Property ID
US90-1999942
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Total area
2,720 SF
Lot
1.38 ac (60,113 SF)
Zoning code
C-II
APN
974700202
UPID
US90-1999942
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
$850k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$850k
Owner & transaction history
Townsend Transcom LLC
Townsend Transcom LLC
since 2026
Last sale
$850,000
7 recorded transactions
Zoning & alternative use
C-II · 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
Method
Estimation
Statistic approach
$850,000
ML approach
$850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$645,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $850k (Sep 30 2024)
Last sale anchor
$850k
Sep 30 2024
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
$313 / 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
$7,568
Tax year 2023
Assessed value
$843,548
Assessed 2023
Previous assessed
$823,019
+2.5% YoY
Effective rate
0.90%
On assessed value
Assessed land
$517,437
Assessed improvement
$326,111
Land market value
$517,437
Improvement market value
$326,111
Total market value
$843,548
Applied tax rate
110.0000
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
Gas stations
Use group
SERVICE STATION WITH FOOD MART
Status
Off-Market
Heating
NONE
Total area
2,720 SF
Lot
1.38 ac (60,113 SF)
Zoning code
C-II
APN
974700202
UPID
US90-1999942
Jurisdiction
JEFFERSON
Zoning & alternative use
C-II · Port Townsend, WA
Zoning C-II · permitted uses
C-II · Port Townsend, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Townsend. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$645,000
MEDICAL BUILDING
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
Heating
NONE
Lot
1.38 ac
Current owner
From public records · entity-resolved
Townsend Transcom LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1408 W SIMS WAY PRT TOWNSEND
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2026
—
Townsend Transcom LLC
A&j Nagra LLC
Quitclaim Deed
related
—
Sep 30, 2024
—
A&j Nagra LLC
Jatinder Nagra
Quit Claim Deed
related
—
Oct 17, 2023
—
A&j Nagra LLC
—
Deed
related
—
Oct 11, 2022
—
Jatinder Nagra
A & J Nagra LLC
Intrafamily Transfer
related
—
Jul 30, 2021
—
Banti Karwal
Sunny Ghan
Quit Claim Deed
related
—
Jul 30, 2021
$850,000
A&j Nagra LLC
Sudesh Mason
Warranty Deed
$700,000 · Bankti Karwal
Nov 25, 2020
—
Sudesh Mason
Banti Karwal
Quit Claim Deed
related
—
Sep 29, 2020
—
Sudesh Mason
Banti Karwal
Quit Claim Deed
related
—
May 17, 2018
—
Banti Karwal
Banti,karwal
Quit Claim Deed
related
—
Aug 17, 2010
$975,000
Karwal & Ghai LLC
Convenience Retailers LLC
Grant Deed
related
$828,800 · Unibank
Mar 17, 2009
—
Pcf Acquisitionco LLC
Petrosun West Properties LLC
Grant Deed
$370,000,000 · Conocophillips Co
Nov 27, 2007
$521,000
Petrosun West Properties LLC
Time Oil
Grant Deed
$22,971,027 · First Credit Bank
—
—
Convenience Retailers LLC
—
Deed Of Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2342 Sims Way?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
