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Property profile & analytics
FOR LEASE
Automotive properties
52 River Rd Sequim, WA 98382
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-2847761
For Lease
1 / 5
$1,000,000
52 River Rd, Sequim, WA 98382
View Listing →
Property summary
AI-generated overview
This exceptional retail opportunity in Sequim, Washington, presents multiple spaces for lease within a 70,132 square foot building situated on a 1.61-acre lot. The property, located at 52 River Rd, 98382, offers flexible space options, with a minimum divisible space of 16,553 square feet and a maximum contiguous space of 53,579 square feet. Currently, the entire 70,132 square feet is vacant, presenting a unique chance to establish a significant retail presence. Individual lot sizes range from 0.38 to 1.23 acres, providing ample space for outdoor displays or customer parking. Built in 1973, the property is zoned SBC and features two available spaces. The property's Clallam County location (APN: 0430243101150000
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1973
Total area
3,540 SF
Lot
0.38 ac (16,553 SF)
APN
430243101750000
UPID
US90-2847761
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
$1.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.00M
Owner & transaction history
Portfolio Properties INC · 2 yrs held
Portfolio Properties INC
since 2024
Last sale
$1.0M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Sequim submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sequim 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
$1,000,000
ML approach
$1,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (Jan 12 2024)
Last sale anchor
$1.00M
Jan 12 2024
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
$282 / 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
$2,166
Tax year 2023
Assessed value
$275,074
Assessed 2022
Previous assessed
$262,925
+4.6% YoY
Effective rate
0.79%
On assessed value
Assessed land
$165,099
Assessed improvement
$109,975
Land market value
$165,099
Improvement market value
$109,975
Total market value
$275,074
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
For Lease
Year built
1973
Units
1
Total area
3,540 SF
Lot
0.38 ac (16,553 SF)
APN
430243101750000
UPID
US90-2847761
Jurisdiction
CLALLAM
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1973
Units
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Portfolio Properties INC
Entity
Mailing address
540 W WASHINGTON ST, SEQUIM, WA 98382-3279
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 12, 2024
$1,000,000
Portfolio Properties INC
Richard D Nichols
Warranty Deed
$800,000 · Richard D Nichols Etux
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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