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    Property profile & analytics

    542 5Th Ave Sequim, WA 98382

    • Office Properties & Spaces
    • 4,320 SF
    • 0.87 lot acres
    For Sale
    View listing
    $1,650,000
    Value Estimation
    Last Sale
    Oct 25, 2022
    $1,028,458
    Location Intelligence
    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.

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 542 5Th Ave

    Year built
    2007
    Lot size
    0.87 lot acres
    Property size
    4,320 SF
    Property type
    Office Properties & 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 Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,035,000
      6.5%
      $1,090,000
      7%
      $970,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,150,000
      Geo Method
      $1,055,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,135,000
      Retail
      $1,145,000
      Mixed-Use
      $1,030,000
      Hospitality
      $1,120,000
      Educational
      $1,070,000
      Residential Income
      $860,000
      Energy
      $1,130,000
      Income-Based Land
      $995,000
      Food Service
      $845,000

    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

    Comparable in this City

    • Value Estimation
      $870,000
      3,104 SF

      305 Sequim Ave

      OFFICE (GENERAL) • 3,104 SF
      305 Sequim Ave, Sequim, WA 98382-3807
      View Details
    • Value Estimation
      $2,005,000
      712 SF

      5th Ave

      OFFICE (GENERAL) • 712 SF
      5th Ave, Sequim, WA 98382
      View Details
    • Value Estimation
      $370,000
      1,078 SF

      261043 Hwy 101

      OFFICE (GENERAL) • 1,078 SF
      261043 Hwy 101, Sequim, WA 98382-6200
      View Details
    • Value Estimation
      $350,000
      1,463 SF

      120 Maple St

      OFFICE (GENERAL) • 1,463 SF
      120 Maple St, Sequim, WA 98382-3773
      View Details
    • Value Estimation
      $365,000
      4,368 SF

      495 Spruce St

      OFFICE (GENERAL) • 4,368 SF
      495 Spruce St, Sequim, WA 98382-3373
      View Details
    • Value Estimation
      $395,000
      1,800 SF

      720 Washington St

      OFFICE (GENERAL) • 1,800 SF
      720 Washington St, Sequim, WA 98382-4744
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $2,042 /Mo
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      Sequim Office Space For Rent

      Well-maintained office space in a desirable Sequim business area.
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      View Details
    • $1,450 /Mo
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      Sequim Commercial Office Space

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      View Details
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      Downtown Sequim Professional Office Suite

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    • $18 SF/Yr
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      Sequim Office Space: 1228 sq ft

      Prime Sequim office, ideal for medical, traditional, or coworking uses.
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    • $1,100 /Mo
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      Sequim Office Space For Lease

      Professional commercial space in Sequim with 5 offices and lobby.
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    • $2,137 /Mo
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      Prime Retail/Office Space in Sequim

      High-visibility retail or office space in a dynamic commercial core.
      1400 W Washington St, Sequim, WA 98382
      View Details
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    542 5Th Ave
    Sequim, WA 98382
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    Realmo Value Estimation

    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.

    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.

    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
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