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Property profile & analytics
OFF-MARKET
Apartment buildings
824 Grant St Port Townsend, WA 98368-2477
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US90-1862377
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Total area
14,147 SF
Lot
0.46 ac (20,038 SF)
Zoning code
R-IV(MF)
APN
948320902
UPID
US90-1862377
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nordland Capital · 4 yrs held
Nordland Capital
since 2022
4 recorded transactions
Zoning & alternative use
R-IV(MF) · Port Townsend, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district accommodates larger scale multifamily structures (e.g., 10 to 24 dwellings per structure) at a density of not less than 15 units per 40,000 square feet of land area, or more than 48 units per 40,000 square feet of land area
Zone name
High Density Multifamily
General category
RESIDENTIAL
Zone area
27.00 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$14,627
Tax year 2023
Assessed value
$1,631,328
Assessed 2023
Previous assessed
$1,562,232
+4.4% YoY
Effective rate
0.90%
On assessed value
Assessed land
$285,312
Assessed improvement
$1,346,016
Land market value
$285,312
Improvement market value
$1,346,016
Total market value
$1,631,328
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
Similar Nearby for Lease
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Heating
BASEBOARD
Total area
14,147 SF
Lot
0.46 ac (20,038 SF)
Zoning code
R-IV(MF)
APN
948320902
UPID
US90-1862377
Jurisdiction
JEFFERSON
Zoning & alternative use
R-IV(MF) · Port Townsend, WAZoning R-IV(MF) · permitted uses
R-IV(MF) · 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 larger scale multifamily structures (e.g., 10 to 24 dwellings per structure) at a density of not less than 15 units per 40,000 square feet of land area, or more than 48 units per 40,000 square feet of land area
Zone name
High Density Multifamily
General category
RESIDENTIAL
Zone area
27.00 ac
Source
Realmo
Building & site characteristics
From public records
Heating
BASEBOARD
Lot
0.46 ac
Current owner
From public records · entity-resolved
Nordland Capital
Entity
Free & Clear · 4 yrs held
Mailing address
5 MICHIGAN DR #202, NATICK, MA 01760-1350
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 12, 2022
—
Nordland Capital LLC
—
Deed
related
$1,769,000 · First Fed Bank
Jan 25, 2022
—
Nordland Capital
Nathan A Dishington
Quit Claim Deed
related
—
Mar 19, 2021
—
Robert H Dishington
Robert H Dishington
Intrafamily Transfer
related
—
Mar 15, 2019
—
Dishington,robert H Trust
Robert H Dishington
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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