Financial
Distress signals
Property profile

2427 W Sims Way Port Townsend, WA 98368

FOR SALE
Retail space
Property ID
US90-2576351
5,000 SF 0.68 ac lot
Last sale Jul 2021
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a multi-tenant commercial building located on West Sims Way in Port Townsend, Washington, within a high-traffic corridor. It comprises approximately 10,000 square feet and is configured to accommodate a mix of service and retail tenant uses. The building includes multiple units, some of which may be vacant and could be leased for additional occupancy. Detailed financial information is not included in this profile, and the property is subject to standard documentation and showing processes managed through an authorized real estate representative.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$834k
Assessed land$375k
Assessed improvement$459k
Effective rate0.90%

Value estimate

· Sep 2026
$295k
$266k – $325k
Submarket $/SF estimate$852k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$203/SF
County average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$101 – $308

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-II
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 P...
General categoryCOMMERCIAL
JurisdictionJEFFERSON

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply12.8
HVAC Service10.7
Pharmacy10.6

Location

2427 W Sims Way Port Townsend, WA 98368
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1321 Sims, Port Townsend, WA 98368-3059 $3,370,348 May 2024 4,637 SF
2153 4th, Port Townsend, WA 98368-2203 $455,000 Aug 2023 4,000 SF
1005 Lawrence, Port Townsend, WA 98368-6523 $950,000 Jul 2022 3,587 SF
734 Water, Port Townsend, WA 98368-5791 $1,300,000 Jun 2021 6,127 SF
627 Water, Port Townsend, WA 98368-5726 $1,100,000 Jan 2020 4,344 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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