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Property profile & analytics
OFF-MARKET
Estimated value
$12,635,000
Manufacturing properties
471 Lambert Rd Aberdeen, WA 98520
Individually Owned
4-yr Hold
Free & Clear
Property ID
US90-2190145
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1978
Construction
CONCRETE
Total area
150,000 SF
Lot
16.7 ac (727,452 SF)
Zoning code
G5
APN
170617320010
UPID
US90-2190145
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
$14.28M
Comparable Approach
Comparable
$11.00M
Blend (final)
Blend
$12.64M
Owner & transaction history
Port Of Grays Harbor · 4 yrs held
Port Of Grays Harbor
since 2021
2 recorded transactions
Zoning & alternative use
G5 · Aberdeen, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Aberdeen Zoning Code 2024
Top alternative use upside
Restaurant
$19.2M
+143.1%
Auto repair, garage
$16.4M
+107.5%
Retail stores
$14.6M
+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%
$15,460,000
6.5%
$14,275,000
7%
$13,255,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,915,000
Current use
RESTAURANT
$19,240,000
Change: +143% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,425,000
Change: +107% · Conversion: Easy
RETAIL STORES
$14,585,000
Change: +84% · Conversion: Moderate
COMMERCIAL (GENERAL)
$14,170,000
Change: +79% · Conversion: Difficult
Blend value · Realmo final
$12.64M
Range $11.37M – $13.90M · ±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
$84 / 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
Assessed value
$14,934,000
Assessed 2022
Previous assessed
$12,367,650
+20.8% YoY
Assessed land
$1,002,000
Assessed improvement
$13,932,000
Land market value
$1,002,000
Improvement market value
$13,932,000
Total market value
$14,934,000
Applied tax rate
68.0000
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
1978
Construction
CONCRETE
Heating
NONE
Total area
150,000 SF
Lot
16.7 ac (727,452 SF)
Zoning code
G5
APN
170617320010
UPID
US90-2190145
Jurisdiction
GRAYS HARBOR
Zoning & alternative use
G5 · Aberdeen, WAZoning G5 · permitted uses
G5 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$7.9M
RESTAURANT
Est. value
$19.2M
AUTO REPAIR, GARAGE
Est. value
$16.4M
RETAIL STORES
Est. value
$14.6M
COMMERCIAL (GENERAL)
Est. value
$14.2M
INDUSTRIAL (GENERAL) Current
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
1978
Construction
CONCRETE
Heating
NONE
Lot
16.7 ac
Current owner
From public records · entity-resolved
Port Of Grays Harbor
Individual
Free & Clear · 4 yrs held
Mailing address
PO BOX 660, ABERDEEN, WA 98520-0038
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2021
—
Port Of Grays Harbor
Grays Harbor Public Dev Authority
Correction Deed
related
—
Dec 31, 2012
—
Port Of Grays Harbor
Grays Hbr Public Dev Authority
Quit Claim Deed
related
—
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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