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Property profile & analytics
OFF-MARKET
Estimated value
$320,000
Hotels
744 Clay St Port Townsend, WA 98368-5808
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US90-0282203
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1889
Construction
FRAME
Total area
3,920 SF
Lot
0.19 ac (8,276 SF)
Zoning code
R-II(SF)
APN
989713804
UPID
US90-0282203
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
$320k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$320k
Owner & transaction history
Bayside Housing & Services · 3 yrs held
Bayside Housing & Services
since 2023
3 recorded transactions
Zoning & alternative use
R-II(SF) · Port Townsend, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district accommodates single-family dwellings (including duplexes, triplexes, and fourplexes) at a density of up to eight units per 40,000-square-foot area (i.e., 5,000-square-foot minimum lot size, or approximately eight dwelling units within one block of platted land)
Zone name
Medium Density Single Family
General category
RESIDENTIAL
Zone area
1,535.36 ac
Source
Realmo
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 Port Townsend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Townsend 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
by Request
ML approach
$320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$320k
Range $288k – $352k · ±10%
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
$82 / 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
$10,186
Tax year 2023
Assessed value
$1,135,748
Assessed 2023
Previous assessed
$1,130,748
+0.4% YoY
Effective rate
0.90%
On assessed value
Assessed land
$353,000
Assessed improvement
$782,748
Land market value
$353,000
Improvement market value
$782,748
Total market value
$1,135,748
Applied tax rate
110.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1889
Construction
FRAME
Heating
HOT WATER
Stories
2
Bathrooms
8
Total area
3,920 SF
Lot
0.19 ac (8,276 SF)
Zoning code
R-II(SF)
APN
989713804
UPID
US90-0282203
Jurisdiction
JEFFERSON
Zoning & alternative use
R-II(SF) · Port Townsend, WAZoning R-II(SF) · permitted uses
R-II(SF) · Port Townsend, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district accommodates single-family dwellings (including duplexes, triplexes, and fourplexes) at a density of up to eight units per 40,000-square-foot area (i.e., 5,000-square-foot minimum lot size, or approximately eight dwelling units within one block of platted land)
Zone name
Medium Density Single Family
General category
RESIDENTIAL
Zone area
1,535.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1889
Construction
FRAME
Heating
HOT WATER
Stories
2
Bathrooms
8
Lot
0.19 ac
Current owner
From public records · entity-resolved
Bayside Housing & Services
Individual
Mailing address
PO BOX 927, PORT HADLOCK, WA 98339-0927
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2023
—
Bayside Housing & Services
Christian D Andrews
Warranty Deed
$110,000 · Sound Community Bank
Mar 20, 2017
—
Christian D Andrews
Andrews,cima E
Quit Claim Deed
related
—
Mar 20, 2017
$775,000
Christian D Andrews
Robert H Sokol
Warranty Deed
$424,100 · Broker Solutions INC
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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