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    418 Pioneer Ave Montesano, WA 98563
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    Property profile & analytics

    418 Pioneer Ave Montesano, WA 98563

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    • Residential income homes
    • 2,362 SF
    Off-Market
    Property ID
    US90-3014092
    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

    • Residential income homes

    Property Details for 418 Pioneer Ave

    Year built
    1891
    Property size
    2,362 SF
    Property type
    Residential income homes
    APN
    076100800900

    Description

    This charming Montesano duplex, located at 418 Pioneer Ave E, presents a compelling investment opportunity. The property boasts a total of 2,362 square feet across two units situated on a 6,000 square foot lot. Built in 1891, this two-story building offers a blend of character and potential. The main unit, spanning 1,392 square feet according to county records, features two bedrooms, one full bath, and an eat-in kitchen with washer/dryer hookups. The upper unit, at 970 square feet, includes one bedroom, a 3/4 bath, high ceilings, and a spacious living room with an eat-in kitchen. Off-street parking is conveniently accessible from the rear alley. Currently, rents are below market value, with potential for significant increases. The main unit could command approximately $1400 per month, and the upper unit around $1000, representing substantial upside. The property's prime location places it within walking distance of shopping, the post office, a pharmacy, and a bus station, making it highly attractive to renters. This property is ideal for an owner-occupant seeking to live in one unit while generating rental income from the other. The property's proximity to schools further enhances its appeal. A modest refresh would significantly enhance the property's value and rental income. The asking price is $389,900, with a net operating income (NOI) of $11,311 and a cap rate of 2.90%. The property's APN is 076100800900. This is a rare opportunity to acquire a well-situated duplex in a desirable area with significant rental upside.

    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
    Montesano
    County
    Grays Harbor
    State
    Washington
    Longitude
    -123.59626544308
    Latitude
    46.979552855592

    Comparable in this City

    • $175,000

      Prime Corner Lot in Montesano

      Cleared 6,000 SF corner lot ready for development.
      101 East Broadway Ave, Montesano, WA 98563
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    • $128,000

      44-Acre Timberland Investment Tract

      Timberland investment tract in Wynoochee Valley with varied topography.
      Off Of Wynooche Wishkah Rd, Montesano, WA 98563
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    • $1,000,000
      0.59 Acres

      Prime Montesano Commercial Building

      Historic Downtown Gem, Exceptional Condition
      116 Marcy Ave, Montesano, WA 98563
      View Details

    Similar Nearby for Sale

    • $175,000

      Prime Corner Lot in Montesano

      Cleared 6,000 SF corner lot ready for development.
      101 East Broadway Ave, Montesano, WA 98563
      View Details
    • $128,000

      44-Acre Timberland Investment Tract

      Timberland investment tract in Wynoochee Valley with varied topography.
      Off Of Wynooche Wishkah Rd, Montesano, WA 98563
      View Details
    • $1,000,000
      0.59 Acres

      Prime Montesano Commercial Building

      Historic Downtown Gem, Exceptional Condition
      116 Marcy Ave, Montesano, WA 98563
      View Details
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    Montesano, WA 98563
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    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
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