Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4890 Discovery Rd Port Townsend, WA 98368-9022
    Back to Search
    Property profile & analytics

    4890 Discovery Rd, Port Townsend, WA 98368-9022

    View on Map
    • Warehouses
    • 3,600 SF
    • 0.34 lot acres
    Off-Market
    Property ID
    US90-2006910
    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

    • Warehouses

    Property Details for 4890 Discovery Rd

    Lot size
    0.34 lot acres
    Zone code
    NC
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    1333008
    APU
    1333008

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 23, 2017 $3,933 W E Seton Bruce B Seton Warranty Deed —
    May 21, 2014 — Seton,w E & Marilyn J Trust Seton Marilyn J Quit Claim Deed · related —
    — — Prospect Holding LLC — Loan Modification · related —

    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
    Port Townsend
    County
    Jefferson
    State
    Washington
    Longitude
    -122.821
    Latitude
    48.0489

    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
    $792
    $22,095
    $65,529
    $87,624
    -
    $22,095
    $65,529
    $87,624

    Comparable in this City

    • Value Estimation
      $615,000
      15,200 SF

      55 Tahlequah Ln

      MINI-WAREHOUSE, STORAGE
      55 Tahlequah Ln, Port Townsend, WA 98368-9700
      View Details
    • Value Estimation by Request
      4,000 SF

      53 Fredericks St

      MINI-WAREHOUSE, STORAGE
      53 Fredericks St, Port Townsend, WA 98368-9350
      View Details
    • Value Estimation by Request
      3,456 SF

      127 Louisa St

      MINI-WAREHOUSE, STORAGE
      127 Louisa St, Port Townsend, WA 98368
      View Details
    • Value Estimation by Request
      0.24 Acres

      Port

      MINI-WAREHOUSE, STORAGE
      Port, Townsend, WA 98368
      View Details
    • Value Estimation by Request
      924 SF

      8012 State Rte 20

      MINI-WAREHOUSE, STORAGE
      8012 State Rte 20, Port Townsend, WA 98368-9764
      View Details
    • Value Estimation by Request
      7,200 SF

      297 6th St

      MINI-WAREHOUSE, STORAGE
      297 6th St, Port Townsend, WA 98368-6047
      View Details

    Similar Nearby for Sale

    • $1,839,000
      12,547 SF

      High-Bay Industrial and Office Space

      12,547 SF industrial and office space near Port Townsend.
      231 Otto St, Port Townsend, WA 98368
      View Details
    • Contact for pricing

      Port Townsend Commercial/Light Industrial Opportunity

      Commercial/light industrial building with expansion potential in Port Townsend.
      826 E Park Ave, Port Townsend, WA 98368
      View Details
    • Contact for pricing

      Commercial Building on High-Traffic Intersection

      Commercial building with showroom, storage, and secure fenced area.
      3059 W Sims Way, Port Townsend, WA 98368
      View Details
    • $1,159,000

      Industrial Warehouse in Port Townsend

      7500 SF warehouse with heavy power and new roof.
      211 Otto St, Port Townsend, WA 98368
      View Details
    • $123,333
      12,300 SF

      1738 Washington St

      beautifully updated and conveniently located
      1738 Washington St, Port Townsend, WA 98368
      View Details
    • Contact for pricing

      Waterfront Land with Mountain Views

      Large lot with views, centrally located near amenities.
      2021 Clay St, Port Townsend, WA 98368
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,000 SF

      Versatile Building Near Highway 20

      Adaptable commercial space with multiple access points, available for lease.
      203 Otto St, Port Townsend, WA 98368
      View Details
    • $4,050 /Mo
      4,500 SF

      Flexible Industrial Building Available

      Industrial building with cannabis use approved, 2500-4500 SF available.
      203 Otto St, Port Townsend, WA 98368
      View Details
    • $2,250 /Mo
      2,500 SF

      Industrial Space Near Highway 20

      Industrial space with open floor plan and highway access.
      205 Otto St, Port Townsend, WA 98368
      View Details
    • $21,600
      1,440 SF

      Versatile Commercial Space in Port Townsend

      Functional commercial space ideal for various trades and businesses.
      151 Fredericks St, Port Townsend, WA 98368
      View Details
    • $4,751 /Mo
      5,450 SF

      Aircraft Hangar with Office Space

      4,050 SF hangar with 1,400 SF office space for lease.
      191 Airport Rd, Port Townsend, WA 98368
      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.
    4890 Discovery Rd
    Port Townsend, WA 98368-9022
    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

    Thank You for Inquiry
    4890 Discovery Rd, Port Townsend, WA, 98368
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!