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Property profile & analytics
FOR SALE
Retail space

2427 W Sims Way Port Townsend, WA 98368

5,000 SF 0.68 ac lot
Individually Owned 5-yr Hold Free & Clear
Property ID
US90-2576351
2427 W Sims Way, Port Townsend, WA 98368 For Sale
Contact for pricing 5,000 SF
2427 W Sims Way, Port Townsend, WA 98368
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Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 5,000 SF
Lot 0.68 ac (29,621 SF)
Zoning code C-II
APN 974700405
UPID US90-2576351
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$852k
Blend (final) Blend
$295k
Owner & transaction history
Lwana M Grace · 5 yrs held
Lwana M Grace
since 2021
1 recorded transaction
2021
Price N/A
Zoning & alternative use
C-II · Port Townsend, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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 PTMC 17.20.030, Bulk, dimensional and density requirements; such uses shall only be allowed if clearly subordinate and accessory to a primary commercial use and permitted on upper floors only. Employer-provided housing X X C…

Zone name General Commercial
General category COMMERCIAL
Zone area 27.07 ac
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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