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    Property profile & analytics

    2425 Bay Ave Hoquiam, WA 98550

    • Commercial real estate
    • 10,800 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US90-1347066
    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

    • Commercial real estate

    Property Details for 2425 Bay Ave

    Year built
    1978
    Property size
    10,800 SF
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a 12-unit apartment building located at 2425 Bay Ave, Hoquiam, WA 98550. The property consists of two buildings, an 8-unit and a 4-unit structure, situated on two separate tax parcels, totaling 12,632 square feet of land. Built in 1978 and renovated in 2020, the complex offers 10,400 net rentable square feet, encompassing twelve two-bedroom, one-bathroom units. Currently operating at 100% occupancy (as of January 1, 2024), the property boasts a current NOI of $98,824 and an impressive pro-forma NOI of $132,724, translating to an 8.24% current cap rate and a projected 11.07% pro-forma cap rate. The asking price is $1,199,000, or $99,916.67 per unit. With fourteen parking spaces available and a convenient location near public transit, shopping, ocean beaches, and Grays Harbor College, this property offers significant upside potential due to below-market rents

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hoquiam
    County
    Grays Harbor
    State
    Washington
    Longitude
    -123.86789101726
    Latitude
    46.972496175048

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    2425 Bay Ave
    Hoquiam, WA 98550
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    Realmo Value Estimation

    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.

    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.

    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
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