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Property profile & analytics
OFF-MARKET Estimated value $950,000
Retail space

696 Water St Port Townsend, WA 98368-5727

2,704 SF 0.14 ac lot
Individually Owned 1-yr Hold ~ Est. High Equity
Property ID
US90-2040754
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Total area 2,704 SF
Lot 0.14 ac (6,098 SF)
Zoning code C-III
APN 989704306
UPID US90-2040754
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
$970k
CAP Approach CAP
by Request
Comparable Approach Comparable
$833k
Blend (final) Blend
$950k
Owner & transaction history
Raggs Beacon Lilc · 1 yrs held
Raggs Beacon Lilc
since 2025
Last sale
$947,472
4 recorded transactions
2025
$947,472
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C-III · Port Townsend, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

multifamily residential properties outside the C-III historic commercial district that are being developed, redeveloped, or expanded shall be reduced by two spaces for each on -street parking space provided adjacent to a site. The design, placement, and proposed construction standard of on -street parking spaces will be reviewed and approved by the public wo…

Zone name Historic Commercial
General category COMMERCIAL
Zone area 24.20 ac
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