542 5th Ave Sequim, WA 98382-3079
Property profile & analytics
542 5th Ave Sequim, WA 98382-3079
- Office Spaces
- 4,320 SF
- 0.87 lot acres
Property ID
US90-2888414
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.
Location Intelligence
Current Use by Public Records
- Office Spaces
Property Details for 542 5th Ave
- Year built
- 2007
- Lot size
- 0.87 lot acres
- Property size
- 4,320 SF
- Property type
- Office Spaces
- APN
- 330196500303026
- APU
- 330196500303026
Description
This exceptional Class A office building, located at 542-544 N 5th Ave, Sequim, WA 98382, presents a compelling investment opportunity. The 4,320 square foot property, built in 2007, boasts four units across a single-story building on a 0.87-acre lot. Currently operating at 100% occupancy with a diverse tenant base of high-quality businesses in the medical and finance sectors, this multi-unit office complex offers a stable income stream. The property features a Lifestyle District (LD) zoning designation. The asking price is $1,650,000, representing a compelling price per square foot of $381.94 and a pro-forma cap rate of 7.26%, yielding a pro-forma NOI of $119,866. Leases are NNN, with credit-rated tenants and lease options available for terms of 1-5 years, including rent bumps of 1 @ 1.28%/year and 2 @ 3%/year. The property's prime location offers convenient access to downtown Sequim's amenities, while also being near the Olympic National Forest, Olympic Mountain Range, and John Wayne Marina. This is an ideal investment for those seeking a stable, high-return property in a desirable location. All showings require prior notice. Further details are available upon request.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,270,000
- ML approach
- $1,325,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $697,000
Market price range: $698k - $1.27M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $920,000 Current use
- MEDICAL BUILDING
- $875,000 Change: -5% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sequim
- County
- Clallam
- State
- Washington
- Longitude
- -123.113
- Latitude
- 48.0843
- 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
$2,850
$54,120
$310,000
$364,120
-
$54,120
$310,000
$364,120
