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    Property profile & analytics

    722 2Nd St Aberdeen, WA 98520

    • Retail space
    • 4,444 SF
    • 0.15 lot acres
    For Sale
    View listing
    $340,000
    Last Sale
    Feb 02, 2025
    $335,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US90-3230039
    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

    • Retail space

    Property Details for 722 2Nd St

    Year built
    1953
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.15 lot acres
    Property size
    4,444 SF
    Property type
    Retail space
    APN
    11001901300
    APU
    11001901300

    Description

    This exceptional commercial property, situated on a 0.15-acre corner lot at 722 W 2nd Street in Aberdeen, WA, presents a compelling investment opportunity. Boasting a total of approximately 4476 square feet, the building offers a high-traffic location within the Aberdeen Business District, benefiting from excellent visibility and accessibility. The property features a spacious reception area with ample seating, large open offices easily adaptable to various configurations (including space for approximately four workstations), and a wide hallway leading to a substantial 2000 square foot warehouse. Two restrooms are conveniently located within the building. Parking is available for approximately five vehicles in the rear, supplemented by convenient street parking for customers. The building benefits from significant recent upgrades, including a combination gas and electric heat pump installed in 2016 and a TPO roof replacement in 2019, ensuring efficient operation and long-term value. Previously leased to a national company, this property is now available for immediate occupancy, offering a blank canvas for a diverse range of commercial ventures. Its prime location and substantial size make it an ideal investment for discerning buyers seeking a strong foothold in the Aberdeen market. The property's robust infrastructure and recent upgrades minimize immediate capital expenditure needs, maximizing return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $289,000
      Market price range: $167k - $626k
      AI Estimate
      $311,000
      Market price range: $176k - $707k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $400,000
      Current use
      AUTO REPAIR, GARAGE
      $545,000
      Change: +37% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Aberdeen
    County
    Grays Harbor
    State
    Washington
    Longitude
    -123.829
    Latitude
    46.9728
    CBSA code
    10140
    CBSA name
    ABERDEEN, 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
    $2,311
    $56,160
    $172,074
    $228,234
    -
    $56,160
    $172,074
    $228,234

    Comparable in this City

    • Value Estimation
      $280,000
      6,330 SF

      112 Heron St

      RETAIL STORES (PERSONAL SERVICES) • 6,330 SF
      112 Heron St, Aberdeen, WA 98520
      View Details
    • Value Estimation
      $325,000
      2,000 SF

      101 Park St

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      101 Park St, Aberdeen, WA 98520-5922
      View Details
    • Value Estimation
      $405,000
      4,800 SF

      405 Market St

      RETAIL STORES (PERSONAL SERVICES) • 4,800 SF
      405 Market St, Aberdeen, WA 98520-6120
      View Details
    • Value Estimation
      $490,000
      4,125 SF

      512 Market St

      RETAIL STORES (PERSONAL SERVICES) • 4,125 SF
      512 Market St, Aberdeen, WA 98520-6025
      View Details
    • Value Estimation
      $230,000
      1,440 SF

      512 Market St

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      512 Market St, Aberdeen, WA 98520-4114
      View Details
    • Value Estimation
      $580,000
      3,200 SF

      213 Market St

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      213 Market St, Aberdeen, WA 98520-6292
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      16,570 SF

      Retail Space on Highway 101

      Prominent corner retail location on high traffic Highway 101.
      301 E Wishkah St, Aberdeen, WA 98520
      View Details
    • $2,000 /Mo
      1,600 SF

      Retail Space on Hwy 101

      Retail space with open floor plan and highway visibility.
      301 N Park St, Aberdeen, WA 98520
      View Details
    • $4,500 /Mo
      6,288 SF

      Uptown Plaza Retail/Restaurant Space

      Prime location in Uptown Plaza, suitable for retail or restaurant.
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      View Details
    • $1,750 /Mo
      871 SF

      Office Space Available For Lease

      871 SF office space with high visibility, near amenities.
      323 W Heron St, Aberdeen, WA 98520
      View Details
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    722 2Nd St
    Aberdeen, WA 98520
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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