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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Warehouses
51 Ness Cor Rd, Port Hadlock, WA 98339-9408
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2058805
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Total area
10,800 SF
Lot
1.13 ac (49,223 SF)
Zoning code
UGA-C
APN
942903503
UPID
US90-2058805
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
$1.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.13M
Owner & transaction history
Larroc Storage LLC · 4 yrs held
Larroc Storage LLC
since 2022
Last sale
$1.2M
3 recorded transactions
Zoning & alternative use
UGA-C · Port Hadlock, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+111.0%
Restaurant
$1.6M
+89.6%
Office building
$1.5M
+80.8%
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 Port Hadlock submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Hadlock 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
$845,000
ML approach
$1,075,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$850,000
Current use
RETAIL STORES
$1,800,000
Change: +111% · Conversion: Moderate
RESTAURANT
$1,615,000
Change: +90% · Conversion: Difficult
OFFICE BUILDING
$1,540,000
Change: +81% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,340,000
Change: +57% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,280,000
Change: +50% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,165,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±10% · vs last sale $1.15M (May 24 2022)
Last sale anchor
$1.15M
May 24 2022
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
$104 / 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
$9,050
Tax year 2023
Assessed value
$1,148,640
Assessed 2023
Previous assessed
$865,608
+32.7% YoY
Effective rate
0.79%
On assessed value
Assessed land
$345,980
Assessed improvement
$802,660
Land market value
$345,980
Improvement market value
$802,660
Total market value
$1,148,640
Applied tax rate
211.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Heating
NONE
Total area
10,800 SF
Lot
1.13 ac (49,223 SF)
Zoning code
UGA-C
APN
942903503
UPID
US90-2058805
Jurisdiction
JEFFERSON
Zoning & alternative use
UGA-C · Port Hadlock, WA
Zoning UGA-C · permitted uses
UGA-C · Port Hadlock, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Port Hadlock. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$850,000
RETAIL STORES
Est. value
$1.8M
RESTAURANT
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (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
Heating
NONE
Lot
1.13 ac
Current owner
From public records · entity-resolved
Larroc Storage LLC
Entity
Mailing address
915 RHYOLITE TER, HENDERSON, NV 89011-3088
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2022
$1,150,000
Larroc Storage LLC
James G Green
Warranty Deed
$1,110,000 · Live Oak Banking Company
Sep 2, 2016
$730,381
James G Green
Bonds Richard A Living Trust
Warranty Deed
$500,000 · First Fed'l S&l Assoc/port Ang
—
—
Bonds,richard A Living Trust
—
Deed Of Trust
related
$365,000 · Quinnell Russell C Tr (pt)
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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