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Property profile & analytics
OFF-MARKET
Apartment buildings
2500 9th St Port Townsend, WA 98368-2365
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2598100
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
0.81 ac (35,284 SF)
Zoning code
C-II/MU
APN
997800401
UPID
US90-2598100
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
West Harbor LLC · 3 yrs held
West Harbor LLC
since 2022
7 recorded transactions
Zoning & alternative use
C-II/MU · Port Townsend, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
parking space pursuant to PTMC 17.72.120(C). For projects located in R -IV , C-I/MU, C-II/MU, and M/C(S) zones, the required number of off-street parking spaces shall be reduced by three spaces for each developed on - street parking space. 12. Allow use of on-street parking for Americans with Disabilities Act (ADA) requirements if such a location meets ADA d…
Zone name
Community Serving Mixed Use Center
General category
MIXED_USE
Zone area
9.34 ac
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$33,203
Tax year 2023
Assessed value
$3,704,499
Assessed 2023
Previous assessed
$3,704,499
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$275,367
Assessed improvement
$3,429,132
Land market value
$275,367
Improvement market value
$3,429,132
Total market value
$3,704,499
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Heating
NONE
Lot
0.81 ac (35,284 SF)
Zoning code
C-II/MU
APN
997800401
UPID
US90-2598100
Jurisdiction
JEFFERSON
Zoning & alternative use
C-II/MU · Port Townsend, WAZoning C-II/MU · permitted uses
C-II/MU · Port Townsend, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
parking space pursuant to PTMC 17.72.120(C). For projects located in R -IV , C-I/MU, C-II/MU, and M/C(S) zones, the required number of off-street parking spaces shall be reduced by three spaces for each developed on - street parking space. 12. Allow use of on-street parking for Americans with Disabilities Act (ADA) requirements if such a location meets ADA design standards and would better serve the public than off -street ADA parking. Illustration No. 6: Commented [EB3]: @Adrian Smith I believe we can strike this. Port Townsend Municipal Code
Zone name
Community Serving Mixed Use Center
General category
MIXED_USE
Zone area
9.34 ac
Building & site characteristics
From public records
Heating
NONE
Lot
0.81 ac
Current owner
From public records · entity-resolved
West Harbor LLC
Entity
Mailing address
12345 LK CITY WAY NE #211, SEATTLE, WA 98125-5401
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
—
West Harbor LLC
William Gustavson
Warranty Deed
$6,690,000 · Alaska USA FCU
Sep 11, 2020
—
William Gustavson
Amy Jordan
Warranty Deed
—
Apr 10, 2019
—
Amy Jordan
—
Trustees Deed
related
$30,000 · Clark-stinsman Family Tr (pt)
Sep 25, 2018
$562
City Of Port Townsend
Jordan,amy
Warranty Deed
—
Oct 12, 2017
—
Amy Jordan
—
Deed
related
$80,000 · Jill E Tomasi
Jul 18, 2013
—
Amy Jordan
Arthur Charles B & A J Trust
Quit Claim Deed
related
$100,000 · Warren G Enfield
Sep 1, 2011
$62,500
Arthur C B & A J Living Trust
Raab,peter & Candace
Quit Claim Deed
related
$125,000 · Warren G Enfield
Apr 7, 2006
$200,000
Peter Raab
Enfield,warren G
Warranty Deed
$160,000 · Warren G Enfield
—
—
Peter Raab
—
Deed Of Trust
related
$171,200 · Warren G Enfield
—
—
Amy Jordan
—
Deed Of Trust
related
$80,000 · Jill E Tomasi
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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