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Property profile & analytics
OFF-MARKET
Estimated value
$2,075,000
Manufacturing properties
4201 Olympic Hwy Aberdeen, WA 98520-3144
Entity Owned
Absentee Owner
Free & Clear
Property ID
US90-0665270
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1997
Construction
STEEL FRAME
Total area
23,366 SF
Lot
13.72 ac (597,643 SF)
Zoning code
M
APN
769000002300
UPID
US90-0665270
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
$2.23M
Comparable Approach
Comparable
$1.92M
Blend (final)
Blend
$2.08M
Owner & transaction history
HAROLD LEMAY INVESTMENT CO
HAROLD LEMAY INVESTMENT CO
Zoning & alternative use
M · Aberdeen, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Aberdeen Zoning Code 2024
Top alternative use upside
Restaurant
$3.0M
+143.1%
Auto repair, garage
$2.6M
+107.5%
Retail stores
$2.3M
+84.2%
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 Aberdeen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aberdeen 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,410,000
6.5%
$2,225,000
7%
$2,065,000
Alternative Use
Use
Estimation
RESTAURANT
$2,995,000
Change: +143% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,560,000
Change: +107% · Conversion: Easy
RETAIL STORES
$2,270,000
Change: +84% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,205,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$2.08M
Range $1.87M – $2.28M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$89 / SF
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
$43,678
Tax year 2023
Assessed value
$3,871,839
Assessed 2022
Previous assessed
$3,683,726
+5.1% YoY
Effective rate
1.13%
On assessed value
Assessed land
$205,800
Assessed improvement
$3,666,039
Land market value
$205,800
Improvement market value
$3,666,039
Total market value
$3,871,839
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Buildings
5
Stories
1
Total area
23,366 SF
Lot
13.72 ac (597,643 SF)
Zoning code
M
APN
769000002300
UPID
US90-0665270
Jurisdiction
GRAYS HARBOR
Zoning & alternative use
M · Aberdeen, WAZoning M · permitted uses
M · Aberdeen, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Aberdeen Zoning Code 2024
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$2.6M
RETAIL STORES
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
5
Lot
13.72 ac
Current owner
From public records · entity-resolved
HAROLD LEMAY INVESTMENT CO
Individual
Free & Clear · 0 yrs held
Mailing address
1235 NN LOOP W STE #205, HOUSTON, TX 77008-4701
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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