Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4091 State Rte 3rd 3 Shelton, WA 98584

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4091 State Rte 3rd 3 Shelton, WA 98584

    View on Map
    • Showrooms
    • 3,840 SF
    • 2.57 lot acres
    Off-Market
    Property ID
    US90-1817728
    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

    • Showrooms

    Property Details for 4091 State Rte 3rd 3

    Year built
    1980
    Construction
    POLE FRAME
    Lot size
    2.57 lot acres
    Property size
    3,840 SF
    Property type
    Showrooms
    APN
    32003-31-00010
    APU
    320033100010

    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
    Shelton
    County
    Mason
    State
    Washington
    Longitude
    -123.045
    Latitude
    47.2509
    CBSA code
    43220
    CBSA name
    SHELTON, 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
    $1,247
    $74,500
    $79,705
    $154,205
    -
    $74,500
    $79,705
    $154,205

    Comparable in this City

    • Value Estimation by Request
      1,500 SF

      571 Way To Tipperary St

      SHOW ROOM, WAREHOUSE • 1,500 SF
      571 Way To Tipperary St, Shelton, WA 98584
      View Details
    • Value Estimation by Request
      1,728 SF

      140 Cranberry Crk Rd

      SHOW ROOM, WAREHOUSE • 1,728 SF
      140 Cranberry Crk Rd, Shelton, WA 98584-7527
      View Details
    • Value Estimation by Request
      3,000 SF

      1230 Jared Rd

      SHOW ROOM, WAREHOUSE • 3,000 SF
      1230 Jared Rd, Shelton, WA 98584-8460
      View Details
    • Value Estimation by Request
      720 SF

      1021 Lakeshore W Dr

      SHOW ROOM, WAREHOUSE • 720 SF
      1021 Lakeshore W Dr, Shelton, WA 98584
      View Details
    • Value Estimation by Request
      1,440 SF

      390 Metzler Ml Rd

      SHOW ROOM, WAREHOUSE • 1,440 SF
      390 Metzler Ml Rd, Shelton, WA 98584-8000
      View Details
    • Value Estimation by Request
      2,048 SF

      662 Pickering Dr

      SHOW ROOM, WAREHOUSE • 2,048 SF
      662 Pickering Dr, Shelton, WA 98584-7916
      View Details

    Similar Nearby for Sale

    • $949,950
      6,925 SF

      Gas Station C-Store For Sale

      Gas station and convenience store with multiple income streams.
      17490 Shelton-Matlock Rd, Matlock, WA 98584
      View Details
    • $1,500,000

      992024 Comi Undisclosed, Shelton, WA 98584

      Commercial real estate
      992024 Comi Undisclosed, Shelton, WA 98584
      View Details
    • Contact for pricing
      21,879 SF

      Shelton Mixed-Use Investment Opportunity

      Mixed-use property in downtown Shelton with apartments and retail spaces.
      101 S 1St St, Shelton, WA 98584
      View Details
    • Contact for pricing
      62,006 SF

      Shelton Shopping Center For Sale

      Fully occupied shopping center anchored by long-term tenants.
      2505 Olympic Hwy N, Shelton, WA 98584
      View Details
    • $999,990

      Versatile Commercial Building on Large Lot

      9,160 SQFT commercial building on 1.6 Acres ready for business.
      21 Adonai Ct, Shelton, WA 98584
      View Details
    • Contact for pricing

      Versatile Commercial Building on Large Lot

      9,160 SF commercial building on 1.6 acres ready for business.
      21 Adonai Ct, Shelton, WA 98584
      View Details

    Similar Nearby for Lease

    • $19,933 /Mo
      10,400 SF

      Retail Space in Kneeland Plaza

      10,400 SF retail space in a high-traffic shopping center.
      301 Wallace Kneeland Blvd, Shelton, WA 98584
      View Details
    • $535 /Mo
      500 SF

      Office Space on Highway 101

      Office space with prime highway exposure and ample parking.
      22090 Us Highway 101 N, Shelton, WA 98584
      View Details
    • $299 SF/Yr
      552 SF

      Functional Office Space Available

      500 sq ft office unit perfect for small businesses.
      117 8Th St, Shelton, WA 98584
      View Details
    • $186 SF/Yr
      300 SF

      Shelton Storage/Garage Space Available

      Secure storage or garage space near town, not for residential.
      1806 Hay St, Shelton, WA 98584
      View Details
    • $535 /Mo
      500 SF

      Highway 101 Office Space

      Office space with prime highway exposure and ample parking.
      22090 Us Highway 101, Shelton, WA 98584
      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.
    4091 State Rte 3rd 3
    Shelton, WA 98584
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!