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    Property profile & analytics

    319 Main St Elma, WA 98541

    • Retail space
    • 3,712 SF
    • 0.10 lot acres
    For Sale
    View listing
    $369,000
    Value Estimation
    Last Sale
    Mar 29, 2023
    $131,500
    Location Intelligence
    Property ID
    US90-0358670
    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.

    Current Use by Public Records

    • Retail space

    Property Details for 319 Main St

    Year built
    1921
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.10 lot acres
    Property size
    3,712 SF
    Property type
    Retail space
    APN
    43000300301
    APU
    43000300301

    Description

    This exceptional commercial property, located at 319 W Main Street in Elma, Washington, presents a unique investment opportunity. Boasting a substantial 3,712 square feet of space, the building offers a captivating blend of history and modern functionality. The property's prime Main Street location ensures high visibility and foot traffic, providing excellent potential for a variety of commercial ventures. The interior features a large open area, perfect for adaptable layouts, complemented by multiple smaller rooms offering versatile usage options. A convenient bathroom is included, along with ample storage space located both in the basement and within the main building's utility areas. The building's strategic location offers easy access to the highway, enhancing its accessibility and appeal to both customers and employees. This property represents a rare chance to acquire a piece of Elma's rich history while capitalizing on its promising commercial potential. The asking price is $369,000. The property sits on a lot with zero acres. This is a general commercial property. Serious inquiries are encouraged.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $135,000

    • CAP approach

      CAP return
      Estimation
      6%
      $120,000
      6.5%
      $135,000
      7%
      $140,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $150,000
      Geo Method
      $150,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $155,000
      Retail
      $135,000
      Mixed-Use
      $115,000
      Hospitality
      $115,000
      Educational
      $140,000
      Residential Income
      $120,000
      Energy
      $145,000
      Income-Based Land
      $120,000
      Food Service
      $155,000

    Location Insight

    • Map
    • Local Demand
    City
    Elma
    County
    Grays Harbor
    State
    Washington
    Longitude
    -123.405
    Latitude
    47.0039
    CBSA code
    10140
    CBSA name
    ABERDEEN, 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
    $1,898
    $45,839
    $155,132
    $200,971
    -
    $45,839
    $155,132
    $200,971

    Comparable in this City

    • Value Estimation
      $1,015,000
      10,604 SF

      Elma, WA 98541

      RETAIL STORES (PERSONAL SERVICES) • 10,604 SF
      Elma, WA 98541
      View Details
    • Value Estimation
      $125,000
      1,760 SF

      307 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,760 SF
      307 Main St, Elma, WA 98541
      View Details
    • Value Estimation
      $190,000
      2,160 SF

      315 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,160 SF
      315 Main St, Elma, WA 98541
      View Details
    • Value Estimation
      $3,555,000
      3,620 SF

      302 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,620 SF
      302 Main St, Elma, WA 98541
      View Details
    • Value Estimation
      $230,000
      2,037 SF

      323 Young St

      RETAIL STORES (PERSONAL SERVICES) • 2,037 SF
      323 Young St, Elma, WA 98541
      View Details
    • Value Estimation
      $275,000
      1,758 SF

      309 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,758 SF
      309 Main St, Elma, WA 98541
      View Details

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    319 Main St
    Elma, WA 98541
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    Realmo Value Estimation

    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.

    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.

    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
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