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Property profile & analytics
OFF-MARKET Estimated value $2,145,000
Warehouses

421 5th NW Ave Pacific, WA 98047-1006

19,860 SF 0.75 ac lot Built 1992
Individually Owned 37-yr Hold ~ Est. High Equity
Property ID
US90-0893216
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1992
Construction STEEL FRAME
Total area 19,860 SF
Lot 0.75 ac (32,578 SF)
Zoning code HC
APN 885600-1875
UPID US90-0893216
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
$2.15M
Owner & transaction history
Rufus M Sprague JR. · 37 yrs held
Rufus M Sprague JR.
since 1989
2 recorded transactions
1989
$50,000
1969
Price N/A
Zoning & alternative use
HC · Pacific, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

HC (highway commercial) districts. Outside storage may not exceed an area equal to 10 percent of the floor area of the associated building, provided the storage is supplemental to the permitted use, located to the rear of the property, does not abut a street, and is separated by another use, such as a building or parking lot with landscaping, when adjacent t…

Zone name Commercial Highway
General category COMMERCIAL
Zone area 27.82 ac
Source Title 20 Zoning
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