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Property profile & analytics
FOR SALE
Automotive properties
3059 W Sims Way, Port Townsend, WA 98368
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2076800
For Sale
1 / 22
$1,300,000
3059 W Sims Way, Port Townsend, WA 98368
View Listing →
Property summary
AI-generated overview
This exceptional commercial property presents a unique investment opportunity in Port Townsend, WA. Situated on a highly visible corner lot at 3059 W Sims Way (0.58 acres), this property boasts a substantial 3808 square foot building, perfect for a variety of commercial uses. The building features a versatile layout including offices, a showroom, ample storage space, and a large work area. A secure fenced area behind the building, along with fencing on the south and west property lines, provides added security and privacy. The property is free of easements. The building itself is constructed of concrete block with a torched-down roof (partially re-torched). Climate control is provided by multiple ductless mini-splits in the showroom and work area. Convenient front and side parking is available, complemented by a covered area at the front of the building. The asking price for this exceptional property is $1,300,000. Please note that the existing business operating on the property is not included in the sale.
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1945
Total area
3,808 SF
Lot
0.58 ac (25,265 SF)
Zoning code
C-II
APN
1093018
UPID
US90-2076800
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
John C Coon · 7 yrs held
John C Coon
since 2019
5 recorded transactions
Zoning & alternative use
C-II · Port Townsend, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,137
Tax year 2023
Assessed value
$453,154
Assessed 2023
Previous assessed
$448,154
+1.1% YoY
Effective rate
0.91%
On assessed value
Assessed land
$262,754
Assessed improvement
$190,400
Land market value
$262,754
Improvement market value
$190,400
Total market value
$453,154
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
For Sale
Year built
1945
Heating
NONE
Total area
3,808 SF
Lot
0.58 ac (25,265 SF)
Zoning code
C-II
APN
1093018
UPID
US90-2076800
Jurisdiction
JEFFERSON
Zoning & alternative use
C-II · Port Townsend, WA
Zoning C-II · permitted uses
C-II · Port Townsend, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Townsend. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1945
Heating
NONE
Lot
0.58 ac
Current owner
From public records · entity-resolved
John C Coon
Individual
Mailing address
341 MANZANITA DR, SEQUIM, WA 98382-8666
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2020
—
John C Coon
—
Deed
related
$353,313 · Kitsap Cu
Mar 15, 2019
$450,000
John C Coon
The Pointe Corp
Warranty Deed
$440,000 · Pointe Corp
Mar 15, 2019
—
John C Coon
Rebecca A Coon
Intrafamily Transfer
related
—
Nov 23, 2016
$260,281
Pointe Corp
Minish,james B JR & Patricia D
Warranty Deed
$100,000 · Kenneth L & Beverly J Shelton
—
—
James B Minish JR.
—
Deed Of Trust
related
$92,500 · Wells Fargo Bank
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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