Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2972 Old Olympic Hwy Port Angeles, WA 98362-9161
    Property profile & analytics

    2972 Old Olympic Hwy, Port Angeles, WA 98362-9161

    View on Map
    • Specialty properties
    • 1.79 lot acres
    Off-Market
    Property ID
    US90-2944824
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Blue Mountain Animal Clinic, 360-457-3842 / Veterinary Clinic
    • Burton Nicole DVM / Veterinary Clinic
    • Margaret Gordon / Veterinary Clinic
    • Sharon Jensen / Veterinary Clinic

    Property Details for 2972 Old Olympic Hwy

    Year built
    1980
    Lot size
    1.79 lot acres
    Property type
    Specialty properties
    APN
    430073400500000
    APU
    430073400500000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 1, 2019 $315,000 Wagnon Property Group LLC Sharon K Jensen Special Warranty Deed —
    Jan 27, 2010 $7,383 Clallam County William M Jensen Warranty Deed —
    May 25, 2007 $96,535 Clallam County Sharon K Jensen Warranty Deed —
    Apr 2, 2007 $355,000 Sharon K Jensen Jack E Thornton Warranty Deed $338k · Jack E Thomton Dvm Etux

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Port Angeles
    County
    Clallam
    State
    Washington
    Longitude
    -123.245
    Latitude
    48.1049
    CBSA code
    38820
    CBSA name
    PORT ANGELES, WA MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,343
    $49,411
    $276,973
    $326,384
    -
    $49,411
    $276,973
    $326,384

    Comparable in this City

    • Value Estimation by Request
      4,136 SF

      260 Monroe Rd

      FUNERAL HOME
      260 Monroe Rd, Port Angeles, WA 98362-9360
      View Details
    • Value Estimation by Request
      6,324 SF

      1331 Frnt St

      VETERINARY, ANIMAL HOSPITAL
      1331 Frnt St, Port Angeles, WA 98362-4616
      View Details
    • Value Estimation by Request
      1,844 SF

      3217 Mahogany St

      VETERINARY, ANIMAL HOSPITAL
      3217 Mahogany St, Port Angeles, WA 98362-9072
      View Details
    • Value Estimation by Request
      1,200 SF

      45 Monroe Rd

      FUNERAL HOME
      45 Monroe Rd, Port Angeles, WA 98362
      View Details
    • Value Estimation by Request
      5,390 SF

      105 4th St

      FUNERAL HOME
      105 4th St, Port Angeles, WA 98362-2805
      View Details
    • Value Estimation by Request
      3,772 SF

      3344 Hwy 101

      MARINE FACILITY/BOARD REPAIRS
      3344 Hwy 101, Port Angeles, WA 98362-9088
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Waterfront Land Investment Opportunity

      Prime waterfront land with development potential in downtown Port Angeles.
      9999 Railroad Ave, Port Angeles, WA 98362
      View Details
    • $75,000
      9.85 Acres

      Waterfront Land Parcel

      Waterfront acreage with 180-degree strait frontage views, accessible only by water and suited for primitive camping.
      9999 Highway 112 W, Port Angeles, WA 98362
      View Details
    • $195,000
      5.00 Acres

      Level Pasture Land with Mountain Views

      A level 5-acre parcel with panoramic mountain views, suited for custom builds, home businesses, and livestock.
      999 O'brien Rd, Port Angeles, WA 98362
      View Details
    • $135,900
      0.50 Acres

      Level Residential Land Parcel

      Level residential lot with utilities at the street and a community drainfield septic connection option.
      9999 Cedar Glen Ln, Port Angeles, WA 98362
      View Details
    • $140,000
      420 SF

      Commercial Restaurant Kitchen

      For sale turnkey restaurant kitchen with major cooking equipment, prep refrigeration, and an included patio countertop seating setup.
      511 W 8Th St, Port Angeles, WA 98362
      View Details
    • New
      $870,000
      Pending

      Six-Unit Multifamily Property with Patios

      Freshly painted six-unit complex features off-street parking, in-building laundry, and patios, with tenant-paid electricity.
      1019 W 18Th St, Port Angeles, WA 98362
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,545 SF

      Retail Space Near Highway 101

      Retail space with high visibility and highway access near downtown.
      121 S Del Guzzi Dr, Port Angeles, WA 98362
      View Details
    • Contact for pricing
      61,442 SF

      Port Angeles Retail Space Available

      8,800 SF retail space for lease in Port Angeles.
      1936 E 1St St, Port Angeles, WA 98362
      View Details
    • Contact for pricing
      21,390 SF

      Retail Space Available For Lease

      Retail property available for lease with 44231 square feet.
      621 S Lincoln St, Port Angeles, WA 98362
      View Details
    • Contact for pricing

      Land for Lease

      Land available for lease in Port Angeles, Washington.
      317 Marine Dr, Port Angeles, WA 98362
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2972 Old Olympic Hwy
    Port Angeles, WA 98362-9161
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2972 Old Olympic Hwy, Port Angeles, WA, 98362
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!