Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    51 Dryke Rd Sequim, WA 98382-9241

    • Specialty properties
    • 7,750 SF
    • 0.98 lot acres
    OFF-MARKET
    Last Sale
    Apr 30, 2021
    Value Estimations
    $395,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-2795123
    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.

    Current Use by Public Records

    • Specialty properties

    Property Details for 51 Dryke Rd

    Year built
    2008
    Lot size
    0.98 lot acres
    Property size
    7,750 SF
    Property type
    Specialty properties
    APN
    430174391350000
    APU
    430174391350000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $395,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sequim
    County
    Clallam
    State
    Washington
    Longitude
    -123.217
    Latitude
    48.087
    CBSA code
    38820
    CBSA name
    PORT ANGELES, WA MICROPOLITAN STATISTICAL AREA

    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
    $10,436
    $138,591
    $1,481,947
    $1,620,538
    -
    $138,591
    $1,481,947
    $1,620,538

    Comparable in this City

    • Value Estimation
      $305,000
      3,327 SF

      660 7th Ave

      VETERINARY, ANIMAL HOSPITAL • 3,327 SF
      660 7th Ave, Sequim, WA 98382-3206
      View Details
    • Value Estimation
      $310,000
      4,290 SF

      108 Alder St

      FUNERAL HOME • 4,290 SF
      108 Alder St, Sequim, WA 98382-3315
      View Details
    • Value Estimation by Request

      463 Washington St

      Restaurants
      463 Washington St, Sequim, WA 98382
      View Details
    • Value Estimation
      $300,000
      2,016 SF

      170 Sequim Bay Rd

      FUNERAL HOME • 2,016 SF
      170 Sequim Bay Rd, Sequim, WA 98382-8406
      View Details
    • Value Estimation
      $2,485,000
      1.45 Acres

      1102 Washington St

      VETERINARY, ANIMAL HOSPITAL • 1.45 Acres
      1102 Washington St, Sequim, WA 98382-3557
      View Details
    • Value Estimation
      $325,000
      3,417 SF

      202 7th Ave

      VETERINARY, ANIMAL HOSPITAL • 3,417 SF
      202 7th Ave, Sequim, WA 98382-3274
      View Details

    Similar Nearby for Sale

    • $1,650,000
      4,320 SF

      Sequim Professional Office Plaza Investment

      Professional office plaza with high-quality tenants near downtown Sequim.
      542 N 5Th Ave, Sequim, WA 98382
      View Details
    • $450,000
      5.03 Acres

      Land Near Sequim Valley Airport

      5+ acre land parcel with runway access and mountain views.
      375 Dorothy Hunt Ln, Sequim, WA 98382
      View Details
    • $375,000
      5.03 Acres

      Land Near Sequim Valley Airport

      Land with mountain views, adjacent to Sequim Valley Airport.
      379 Dorothy Hunt Ln, Sequim, WA 98382
      View Details
    • New
      $350,000
      2.50 Acres

      Sequim Waterfront Parcel with Airstrip

      2.5-acre waterfront property with airstrip access in Blue Ribbon Farms.
      143 Tyler View Pl, Sequim, WA 98382
      View Details
    • $1,650,000
      4,320 SF

      Sequim Office Building Investment

      High-return office complex, 100% occupied.
      542 5Th Ave, Sequim, WA 98382
      View Details
    • $439,950
      1,576 SF

      New Condominium in Sequim

      New condominium with modern finishes, convenient location, and natural light.
      669 W Hendrickson Rd, Sequim, WA 98382
      View Details

    Similar Nearby for Lease

    • $2,042 /Mo
      1,238 SF

      Sequim Office Space For Rent

      Well-maintained office space in a desirable Sequim business area.
      568-578 N 5Th Ave, Sequim, WA 98382
      View Details
    • $18 SF/Yr
      1,228 SF

      Sequim Office Space: 1228 sq ft

      Prime Sequim office, ideal for medical, traditional, or coworking uses.
      534 5Th Ave, Sequim, WA 98382
      View Details
    • $1,100 /Mo
      1,200 SF

      Sequim Office Space For Lease

      Professional commercial space in Sequim, WA with five offices.
      502 S Still Rd, Sequim, WA 98382
      View Details
    • Contact for pricing
      1,902 SF

      Restaurant End-Cap with Drive-Thru

      Second-generation restaurant space with drive-thru in Sequim, Washington.
      1250-1256 W Washington St, Sequim, WA 98382
      View Details
    • $11 SF/Yr
      1,735 SF

      Downtown Sequim Professional Office Suite

      Professional office suite in downtown Sequim with flexible space.
      1102 E Washington St, Sequim, WA 98382
      View Details
    • $1,450 /Mo
      1,124 SF

      Sequim Commercial Office Space Available

      Commercial office space for rent in Sequim, Washington.
      675 N 5Th Ave, Sequim, WA 98382
      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.
    51 Dryke Rd
    Sequim, WA 98382-9241
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.